James River Group Holdings, Ltd. $JRVR Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in James River Group Holdings by 21% to approximately $1.7 million, maintaining an ownership of 410,157 shares.
• Analysts have recently upgraded James River Group from a "sell" to a "hold" rating, with an average price target of $6.06 for the stock.
• James River Group has reported a negative net margin of 13.50% and is projected to post -0.35 EPS for the current fiscal year.

Jacobs Levy Equity Management Inc. reduced its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 21.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 410,157 shares of the insurance provider's stock after selling 108,711 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.89% of James River Group worth $1,723,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in James River Group by 22.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,028 shares of the insurance provider's stock worth $102,000 after buying an additional 3,839 shares during the period. Deutsche Bank AG acquired a new position in James River Group during the first quarter worth about $25,000. Bank of New York Mellon Corp grew its position in James River Group by 6.7% during the first quarter. Bank of New York Mellon Corp now owns 98,867 shares of the insurance provider's stock worth $415,000 after buying an additional 6,206 shares during the period. ProShare Advisors LLC acquired a new position in James River Group during the fourth quarter worth about $51,000. Finally, Fuller & Thaler Asset Management Inc. grew its position in James River Group by 0.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,057,300 shares of the insurance provider's stock worth $8,641,000 after buying an additional 11,001 shares during the period. 95.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of James River Group from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.06.

James River Group Price Performance

Shares of JRVR stock traded down $0.10 during trading hours on Tuesday, hitting $5.17. The company's stock had a trading volume of 251,732 shares, compared to its average volume of 305,548. The business has a fifty day moving average of $5.63 and a 200-day moving average of $5.13. The stock has a market cap of $237.41 million, a price-to-earnings ratio of -1.64 and a beta of 0.03. James River Group Holdings, Ltd. has a twelve month low of $3.00 and a twelve month high of $7.19. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46.

James River Group (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The insurance provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $152.61 million for the quarter, compared to analyst estimates of $176.46 million. James River Group had a negative net margin of 13.50% and a negative return on equity of 1.97%. As a group, equities research analysts anticipate that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.01 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.8%. James River Group's dividend payout ratio is currently -1.27%.

James River Group 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.