D. E. Shaw & Co. Inc. Acquires 93,348 Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR)

D. E. Shaw & Co. Inc. raised its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,111,291 shares of the insurance provider's stock after acquiring an additional 93,348 shares during the period. D. E. Shaw & Co. Inc. owned approximately 2.94% of James River Group worth $5,412,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JRVR. Aquatic Capital Management LLC acquired a new position in James River Group during the 4th quarter valued at $41,000. Quantbot Technologies LP raised its stake in shares of James River Group by 24.8% in the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider's stock valued at $61,000 after acquiring an additional 2,498 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of James River Group in the fourth quarter valued at $68,000. SG Americas Securities LLC raised its stake in shares of James River Group by 41.6% in the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock worth $76,000 after acquiring an additional 4,586 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of James River Group during the fourth quarter valued at approximately $84,000. 95.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at James River Group

In other news, Director Peter B. Migliorato acquired 18,500 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was purchased at an average price of $5.46 per share, for a total transaction of $101,010.00. Following the completion of the acquisition, the director now directly owns 39,201 shares in the company, valued at $214,037.46. The trade was a 89.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christine Lasala purchased 29,125 shares of James River Group stock in a transaction that occurred on Monday, May 19th. The shares were bought at an average price of $5.23 per share, with a total value of $152,323.75. Following the transaction, the director now owns 60,758 shares of the company's stock, valued at $317,764.34. This trade represents a 92.07% increase in their position. The disclosure for this purchase can be found here. 16.50% of the stock is currently owned by corporate insiders.

James River Group Trading Up 2.7%

NASDAQ:JRVR traded up $0.14 during trading hours on Thursday, hitting $5.41. The stock had a trading volume of 38,134 shares, compared to its average volume of 324,499. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65. The business's 50 day moving average is $4.41 and its 200-day moving average is $4.64. James River Group Holdings, Ltd. has a one year low of $3.00 and a one year high of $8.99. The company has a market cap of $248.28 million, a price-to-earnings ratio of -1.34 and a beta of 0.02.

James River Group (NASDAQ:JRVR - Get Free Report) last announced its earnings results on Monday, May 5th. The insurance provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The business had revenue of $172.29 million for the quarter, compared to analyst estimates of $184.15 million. Sell-side analysts anticipate that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be paid a $0.01 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.04 annualized dividend and a yield of 0.74%. James River Group's dividend payout ratio (DPR) is presently -1.29%.

Analysts Set New Price Targets

Several research analysts recently weighed in on JRVR shares. Citigroup restated a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. Truist Financial dropped their price objective on James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. Wall Street Zen raised shares of James River Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 7th. Keefe, Bruyette & Woods dropped their price target on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a research note on Thursday, March 13th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $8.00 price objective on shares of James River Group in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $6.06.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.