Two Sigma Investments LP Trims Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Two Sigma Investments LP lowered its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 26.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 426,097 shares of the insurance provider's stock after selling 149,690 shares during the period. Two Sigma Investments LP owned approximately 1.13% of James River Group worth $2,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Gallatin Point Capital LLC bought a new stake in James River Group during the 4th quarter valued at $28,535,000. T. Rowe Price Investment Management Inc. increased its position in shares of James River Group by 2.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,739,840 shares of the insurance provider's stock worth $18,214,000 after acquiring an additional 83,839 shares in the last quarter. RBF Capital LLC raised 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 worth $5,421,000 after acquiring an additional 39,321 shares during the last quarter. D. E. Shaw & Co. Inc. raised 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 worth $5,412,000 after acquiring an additional 93,348 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in 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 acquiring an additional 59,763 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company's stock.

Insider Buying and Selling at James River Group

In other James River Group news, Director Peter B. Migliorato bought 18,500 shares of James River Group stock in a transaction dated Tuesday, May 20th. The stock was purchased at an average price 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 approximately $214,037.46. This trade represents a 89.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Todd Randell Sutherland acquired 17,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was acquired at an average cost of $5.87 per share, with a total value of $99,790.00. Following the completion of the acquisition, the insider now owns 24,457 shares in the company, valued at $143,562.59. This trade represents a 227.97% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 64,625 shares of company stock worth $353,124 over the last three months. 16.50% of the stock is currently owned by insiders.

James River Group Stock Performance

Shares of JRVR traded up $0.19 on Thursday, reaching $5.86. 328,093 shares of the company's stock traded hands, compared to its average volume of 316,959. The stock's 50 day simple moving average is $4.78 and its two-hundred day simple moving average is $4.65. 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 52-week low of $3.00 and a 52-week high of $8.99. The stock has a market cap of $268.93 million, a PE ratio of -1.45 and a beta of 0.02.

James River Group (NASDAQ:JRVR - Get Free Report) last announced its earnings results on Monday, May 5th. The insurance provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The business had revenue of $172.29 million for the quarter, compared to analysts' expectations 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, analysts forecast that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The business 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 $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Monday, June 9th. James River Group's dividend payout ratio is -1.29%.

Wall Street Analysts Forecast Growth

JRVR has been the subject of a number of recent research reports. Compass Point decreased their price objective 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. Wall Street Zen downgraded James River Group from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Citigroup restated a "hold" rating on shares of James River Group in a research note on Tuesday, March 11th. Truist Financial reduced 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 research note on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus 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.