Two Sigma Advisers LP Sells 95,300 Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR)

Two Sigma Advisers LP decreased its position in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 14.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 576,300 shares of the insurance provider's stock after selling 95,300 shares during the period. Two Sigma Advisers LP owned about 1.52% of James River Group worth $2,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JRVR. Aquatic Capital Management LLC acquired a new stake in shares of James River Group in the fourth quarter worth $41,000. ProShare Advisors LLC purchased a new stake in James River Group in the 4th quarter worth about $51,000. Quantbot Technologies LP boosted its position in 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 period. Intech Investment Management LLC purchased a new position in James River Group during the 4th quarter valued at about $68,000. Finally, SG Americas Securities LLC increased its holdings in shares of James River Group by 41.6% in 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. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Peter B. Migliorato bought 18,500 shares of the stock in a transaction on Tuesday, May 20th. The stock was purchased at an average price of $5.46 per share, with a total value of $101,010.00. Following the completion of the purchase, the director now owns 39,201 shares of the company's stock, valued at approximately $214,037.46. This trade represents a 89.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Christine Lasala acquired 29,125 shares of James River Group stock in a transaction dated Monday, May 19th. The shares were acquired at an average price of $5.23 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. 16.50% of the stock is owned by corporate insiders.

James River Group Stock Performance

JRVR traded down $0.15 during trading on Friday, hitting $5.93. The stock had a trading volume of 224,756 shares, compared to its average volume of 319,805. The firm has a market cap of $272.15 million, a PE ratio of -1.46 and a beta of 0.02. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. James River Group Holdings, Ltd. has a 12 month low of $3.00 and a 12 month high of $8.99. The company has a 50 day simple moving average of $4.66 and a 200-day simple moving average of $4.62.

James River Group (NASDAQ:JRVR - Get Free Report) last released its earnings results on Monday, May 5th. The insurance provider reported $0.19 EPS 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 for the quarter, compared to analyst estimates of $184.15 million. Analysts expect that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be paid a $0.01 dividend. The ex-dividend date of this dividend 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 Analyst Weigh In

JRVR has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective 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. Wall Street Zen downgraded James River Group from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Compass Point reduced their price target on James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a report on Monday, March 10th. Truist Financial cut their price objective on shares of James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. Finally, JMP Securities restated a "market outperform" rating and set a $8.00 price target on shares of James River Group in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $6.06.

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.