Nuveen LLC Takes $455,000 Position in James River Group Holdings, Ltd. $JRVR

Key Points

• Nuveen LLC has acquired 108,381 shares of James River Group Holdings, Ltd. for approximately $455,000, representing 0.24% of the company.
• James River Group recently reported earnings of $0.23 EPS, exceeding estimates, but its revenue fell short of expectations at $152.61 million.
• The company's stock was upgraded from a "sell" to a "hold" rating by Wall Street analysts, with a consensus target price of $6.06.

Nuveen LLC bought a new position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 108,381 shares of the insurance provider's stock, valued at approximately $455,000. Nuveen LLC owned 0.24% of James River Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Zimmer Partners LP purchased a new position in James River Group in the fourth quarter valued at $1,343,000. D. E. Shaw & Co. Inc. increased 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 acquiring an additional 93,348 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 76,605 shares during the last quarter. Northern Trust Corp raised its position in shares of James River Group by 16.3% during the 4th quarter. Northern Trust Corp now owns 306,468 shares of the insurance provider's stock worth $1,492,000 after acquiring an additional 42,841 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in James River Group in the first quarter valued at approximately $102,000. Institutional investors and hedge funds own 95.21% of the company's stock.

James River Group Stock Performance

NASDAQ:JRVR traded up $0.07 during trading hours on Wednesday, reaching $5.35. 213,757 shares of the company's stock were exchanged, compared to its average volume of 317,723. James River Group Holdings, Ltd. has a 1-year low of $3.00 and a 1-year high of $7.19. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $245.67 million, a price-to-earnings ratio of -1.69 and a beta of 0.03. The company has a 50-day moving average of $5.66 and a 200 day moving average of $5.12.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The insurance provider reported $0.23 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $152.61 million for the quarter, compared to analyst estimates of $176.46 million. Research analysts anticipate that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of James River Group from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, James River Group 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.