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

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

Several other institutional investors and hedge funds have also modified their holdings of JRVR. Aquatic Capital Management LLC purchased a new position in shares of James River Group during the 4th quarter worth $41,000. Quantbot Technologies LP boosted its stake in shares of James River Group by 24.8% during the 4th quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider's stock worth $61,000 after acquiring an additional 2,498 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of James River Group during the 4th quarter worth $68,000. SG Americas Securities LLC boosted its stake in shares of James River Group by 41.6% during the 4th 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. purchased a new position in shares of James River Group during the 4th quarter worth $84,000. Hedge funds and other institutional investors own 95.21% of the company's stock.

James River Group Stock Performance

James River Group stock opened at $5.93 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick 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 firm has a market capitalization of $272.15 million, a P/E ratio of -1.46 and a beta of 0.08. The company's 50-day moving average is $4.82 and its 200 day moving average is $4.66.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The insurance provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $172.29 million during the quarter, compared to analysts' expectations of $184.15 million. Research analysts forecast that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Monday, June 9th. James River Group's dividend payout ratio (DPR) is presently -1.29%.

Insider Transactions at James River Group

In other James River Group news, insider Todd Randell Sutherland acquired 17,000 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were purchased at an average cost of $5.87 per share, for a total transaction of $99,790.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christine Lasala acquired 29,125 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $317,764.34. This represents a 92.07% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 64,625 shares of company stock valued at $353,124. 16.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on JRVR. Wall Street Zen upgraded shares of James River Group from a "sell" rating to a "hold" rating in a research note on Friday. Citigroup restated a "hold" rating on shares of James River Group in a research note on Tuesday, March 11th. JMP Securities restated a "market outperform" rating and set a $8.00 target price on shares of James River Group in a research note on Tuesday, May 6th. Compass Point lowered their target price on shares of James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a research note on Monday, March 10th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $6.06.

About James River Group

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.

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