Charles Schwab Investment Management Inc. Has $1.31 Million Position in James River Group Holdings, Ltd. $JRVR

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in James River Group Holdings, Ltd. by 17.7%, now owning approximately 0.69% of the company valued at about $1.3 million.
• James River Group recently announced a quarterly dividend of $0.01 per share, with an yield of 0.7%, to be paid on September 30th.
• Analysts have upgraded James River Group's stock from a "sell" to a "hold" rating while two analysts rated it as a Buy; the average target price is set at $6.06.

Charles Schwab Investment Management Inc. trimmed its position in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 17.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 312,692 shares of the insurance provider's stock after selling 67,088 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.69% of James River Group worth $1,313,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of JRVR. Aquatic Capital Management LLC acquired a new stake in shares of James River Group during the fourth quarter worth about $41,000. ProShare Advisors LLC acquired a new stake in shares of James River Group during the fourth quarter worth about $51,000. Simplicity Wealth LLC acquired a new stake in shares of James River Group during the first quarter worth about $51,000. Sowell Financial Services LLC acquired a new stake in shares of James River Group during the first quarter worth about $55,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of James River Group during the fourth quarter worth about $84,000. Institutional investors and hedge funds own 95.21% of the company's stock.

James River Group Stock Performance

NASDAQ:JRVR traded down $0.26 during mid-day trading on Friday, hitting $5.43. The stock had a trading volume of 186,665 shares, compared to its average volume of 318,225. James River Group Holdings, Ltd. has a twelve month low of $3.00 and a twelve month high of $7.19. The stock has a market cap of $249.35 million, a price-to-earnings ratio of -1.72 and a beta of 0.03. The company's 50 day simple moving average is $5.68 and its 200 day simple moving average is $5.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 0.63.

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

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.01 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.7%. James River Group's dividend payout ratio is -1.27%.

Wall Street Analysts Forecast Growth

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

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.