James River Group Holdings, Ltd. (NASDAQ:JRVR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 74.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,381 shares of the insurance provider's stock after selling 313,843 shares during the quarter. Nuveen Asset Management LLC owned 0.29% of James River Group worth $528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in 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 valued at $76,000 after purchasing an additional 4,586 shares during the period. Renaissance Technologies LLC lifted its position in shares of James River Group by 8.1% in the fourth quarter. Renaissance Technologies LLC now owns 241,170 shares of the insurance provider's stock worth $1,174,000 after purchasing an additional 18,170 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 purchasing an additional 3,839 shares during the period. Empowered Funds LLC grew its position in James River Group by 4.9% during the fourth quarter. Empowered Funds LLC now owns 118,194 shares of the insurance provider's stock valued at $576,000 after purchasing an additional 5,553 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in James River Group by 14.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 617,071 shares of the insurance provider's stock valued at $3,005,000 after buying an additional 76,605 shares during the period. Hedge funds and other institutional investors own 95.21% of the company's stock.

James River Group Price Performance

NASDAQ JRVR traded down $0.07 during trading hours on Monday, reaching $5.85. The company's stock had a trading volume of 179,847 shares, compared to its average volume of 318,122. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. James River Group Holdings, Ltd. has a 1 year low of $3.00 and a 1 year high of $8.99. The firm's 50-day moving average price is $4.82 and its 200-day moving average price is $4.66. The company has a market capitalization of $268.47 million, a price-to-earnings ratio of -1.44 and a beta of 0.08.

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

James River Group Announces Dividend

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

Insider Activity at James River Group

In related news, insider Todd Randell Sutherland purchased 17,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average price of $5.87 per share, with a total value of $99,790.00. Following the purchase, the insider now owns 24,457 shares of the company's stock, valued at $143,562.59. The trade was a 227.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter B. Migliorato bought 18,500 shares of James River Group stock in a transaction on Tuesday, May 20th. The shares were purchased at an average cost of $5.46 per share, for a total transaction of $101,010.00. Following the completion of the purchase, the director now directly owns 39,201 shares of the company's stock, valued at $214,037.46. This trade represents a 89.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 64,625 shares of company stock valued at $353,124 over the last quarter. 16.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on JRVR shares. Compass Point cut their price objective on James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a research report on Monday, March 10th. JMP Securities reiterated a "market outperform" rating and set a $8.00 price target on shares of James River Group in a report on Tuesday, May 6th. Truist Financial lowered their target price on shares of James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. Keefe, Bruyette & Woods cut 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 report on Thursday, March 13th. Finally, Citigroup reaffirmed a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.