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

Nuveen Asset Management LLC lowered its position in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 74.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,381 shares of the insurance provider's stock after selling 313,843 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.29% of James River Group worth $528,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Gallatin Point Capital LLC acquired a new position in shares of James River Group in the 4th quarter valued at $28,535,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of James River Group by 2.3% in the 4th 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 buying an additional 83,839 shares in the last quarter. RBF Capital LLC boosted its holdings in shares of James River Group by 3.7% in the 4th quarter. RBF Capital LLC now owns 1,113,149 shares of the insurance provider's stock valued at $5,421,000 after buying an additional 39,321 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of James River Group by 9.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider's stock valued at $5,412,000 after buying an additional 93,348 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of James River Group by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 860,139 shares of the insurance provider's stock valued at $4,190,000 after buying an additional 59,763 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company's stock.

James River Group Stock Performance

James River Group stock traded up $0.07 during trading hours on Friday, reaching $5.93. 677,321 shares of the stock were exchanged, compared to its average volume of 318,677. The stock has a market cap of $272.15 million, a P/E ratio of -1.46 and a beta of 0.08. 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 52-week low of $3.00 and a 52-week high of $8.99. The firm'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 announced its quarterly earnings data on Monday, May 5th. The insurance provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The firm had revenue of $172.29 million for the quarter, compared to analysts' expectations of $184.15 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be given 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 yield of 0.67%. James River Group's payout ratio is currently -1.29%.

Wall Street Analysts Forecast Growth

JRVR has been the subject of several research reports. JMP Securities reiterated a "market outperform" rating and issued a $8.00 price target on shares of James River Group in a research report on Tuesday, May 6th. 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 shares of 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. Compass Point reduced their price target on shares of 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. Finally, Wall Street Zen upgraded shares of James River Group from a "sell" rating to a "hold" rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, James River Group has a consensus rating of "Hold" and a consensus target price of $6.06.

Insiders Place Their Bets

In related news, Director Peter B. Migliorato purchased 18,500 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was acquired at an average price of $5.46 per share, for a total transaction of $101,010.00. Following the acquisition, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Todd Randell Sutherland purchased 17,000 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was bought at an average price of $5.87 per share, with a total value of $99,790.00. Following the acquisition, the insider now directly owns 24,457 shares in the company, valued at approximately $143,562.59. This represents a 227.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 64,625 shares of company stock worth $353,124. 16.50% of the stock is owned by insiders.

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.