Jane Street Group LLC Reduces Stake in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Jane Street Group LLC decreased its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 75.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,379 shares of the insurance provider's stock after selling 68,459 shares during the period. Jane Street Group LLC owned 0.06% of James River Group worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in JRVR. Gallatin Point Capital LLC bought a new position in James River Group in the fourth quarter worth approximately $28,535,000. Boston Partners bought a new position in shares of James River Group in the fourth quarter valued at approximately $2,578,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of James River Group by 101.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 850,526 shares of the insurance provider's stock valued at $4,144,000 after purchasing an additional 428,636 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of James River Group by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,739,840 shares of the insurance provider's stock valued at $18,214,000 after purchasing an additional 83,839 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of James River Group by 14.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 617,071 shares of the insurance provider's stock valued at $3,005,000 after purchasing an additional 76,605 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on JRVR shares. Compass Point dropped their price target on James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a report on Monday, March 10th. Citigroup reiterated a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. Truist Financial reduced their price target on James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Tuesday, March 11th. Wall Street Zen raised James River Group from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $8.00 price target on shares of James River Group in a research note on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.06.

Insiders Place Their Bets

In other James River Group news, insider Todd Randell Sutherland bought 17,000 shares of the business's stock in a transaction on Monday, June 2nd. The shares were acquired at an average cost of $5.87 per share, for a total transaction of $99,790.00. Following the purchase, the insider now owns 24,457 shares in the company, valued at approximately $143,562.59. This trade represents a 227.97% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Lasala bought 29,125 shares of the business's stock in a transaction on Monday, May 19th. The shares were acquired at an average price of $5.23 per share, for a total transaction of $152,323.75. Following the completion of the purchase, the director now owns 60,758 shares in the company, valued at approximately $317,764.34. The trade was a 92.07% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 64,625 shares of company stock worth $353,124. Company insiders own 16.50% of the company's stock.

James River Group Trading Up 2.8%

Shares of NASDAQ JRVR traded up $0.16 during mid-day trading on Wednesday, hitting $5.85. The stock had a trading volume of 197,832 shares, compared to its average volume of 317,538. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65. James River Group Holdings, Ltd. has a 1 year low of $3.00 and a 1 year high of $8.99. The business has a 50 day moving average price of $4.92 and a two-hundred day moving average price of $4.69. The firm has a market cap of $268.47 million, a P/E ratio of -1.44 and a beta of 0.08.

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

James River Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, June 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.68%. James River Group's dividend payout ratio (DPR) is -1.29%.

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.