Fuller & Thaler Asset Management Inc. Has $9.97 Million Stake in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Fuller & Thaler Asset Management Inc. lowered its holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,046,299 shares of the insurance provider's stock after selling 99,578 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 5.41% of James River Group worth $9,965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its holdings in shares of James River Group by 24.8% in the 4th quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider's stock worth $61,000 after buying an additional 2,498 shares in the last quarter. Intech Investment Management LLC acquired a new position in James River Group in the fourth quarter valued at about $68,000. SG Americas Securities LLC increased its holdings in shares of James River Group by 41.6% during the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock worth $76,000 after buying an additional 4,586 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of James River Group in the fourth quarter valued at approximately $84,000. Finally, Wells Fargo & Company MN grew its position in James River Group by 52.9% during the 4th quarter. Wells Fargo & Company MN now owns 22,026 shares of the insurance provider's stock worth $107,000 after acquiring an additional 7,625 shares during the last quarter. Institutional investors own 95.21% of the company's stock.

James River Group Stock Performance

Shares of JRVR traded up $0.14 during mid-day trading on Wednesday, reaching $4.67. The company's stock had a trading volume of 77,324 shares, compared to its average volume of 343,936. 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 1-year low of $3.00 and a 1-year high of $9.17. The business has a 50-day simple moving average of $4.23 and a two-hundred day simple moving average of $4.82. The stock has a market cap of $213.16 million, a P/E ratio of -1.15 and a beta of 0.04.

James River Group (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings data on Monday, March 3rd. The insurance provider reported ($0.99) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.66). The company had revenue of $126.71 million during the quarter, compared to analyst estimates of $159.91 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. During the same quarter in the prior year, the firm earned $0.33 earnings per share. As a group, equities research analysts anticipate that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.

James River Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $0.01 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.04 annualized dividend and a yield of 0.86%. James River Group's dividend payout ratio (DPR) is presently -1.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on JRVR shares. Citigroup restated a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. StockNews.com cut shares of James River Group from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. 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 report on Monday, March 10th. Keefe, Bruyette & Woods decreased 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. Finally, Truist Financial reduced their price objective 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. One research 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.