Zimmer Partners LP Takes Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Zimmer Partners LP bought a new stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 275,703 shares of the insurance provider's stock, valued at approximately $1,343,000. Zimmer Partners LP owned about 0.73% of James River Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Aquatic Capital Management LLC purchased a new stake in shares of James River Group in the fourth quarter worth $41,000. ProShare Advisors LLC bought a new position in shares of James River Group in the fourth quarter worth approximately $51,000. Quantbot Technologies LP increased its position in shares of James River Group by 24.8% during the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider's stock valued at $61,000 after acquiring an additional 2,498 shares in the last quarter. Intech Investment Management LLC purchased a new position in James River Group in the 4th quarter worth approximately $68,000. Finally, 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 last quarter. 95.21% of the stock is owned by institutional investors.

James River Group Stock Performance

NASDAQ JRVR traded down $0.07 on Monday, reaching $5.44. 159,879 shares of the stock were exchanged, compared to its average volume of 324,678. The company's 50-day simple moving average is $4.47 and its two-hundred day simple moving average is $4.60. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $249.66 million, a PE ratio of -1.34 and a beta of 0.02. James River Group Holdings, Ltd. has a one year low of $3.00 and a one year high of $8.99.

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 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%. Analysts expect 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.74%. James River Group's dividend payout ratio is -1.29%.

Insider Activity at James River Group

In other news, Director Peter B. Migliorato acquired 18,500 shares of James River Group stock in a transaction on Tuesday, May 20th. The shares were acquired at an average price of $5.46 per share, with a total value of $101,010.00. Following the purchase, the director now directly owns 39,201 shares in the company, valued at $214,037.46. The trade was a 89.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine Lasala purchased 29,125 shares of James River Group stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average price of $5.23 per share, for a total transaction of $152,323.75. Following the transaction, the director now directly owns 60,758 shares of the company's stock, valued at $317,764.34. The trade was a 92.07% increase in their position. The disclosure for this purchase can be found here. 16.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on JRVR. Keefe, Bruyette & Woods reduced their price objective on 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. Compass Point lowered their price objective on shares of James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a research report on Monday, March 10th. JMP Securities restated a "market outperform" rating and issued a $8.00 target price on shares of James River Group in a report on Tuesday, May 6th. Truist Financial cut 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 report on Tuesday, March 11th. Finally, Citigroup reissued a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, James River Group presently has an average 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.