Geode Capital Management LLC Acquires 59,763 Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR)

Geode Capital Management LLC increased its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 860,139 shares of the insurance provider's stock after buying an additional 59,763 shares during the quarter. Geode Capital Management LLC owned 2.27% of James River Group worth $4,190,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP boosted 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 acquiring an additional 2,498 shares in the last quarter. Intech Investment Management LLC bought a new position in James River Group in the 4th quarter valued at $68,000. SG Americas Securities LLC boosted its stake in James River Group by 41.6% in the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock worth $76,000 after purchasing an additional 4,586 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of James River Group during the fourth quarter worth $84,000. Finally, Ieq Capital LLC acquired a new stake in shares of James River Group in the fourth quarter valued at $197,000. Institutional investors and hedge funds own 95.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Truist Financial lowered 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 report on Tuesday, March 11th. Keefe, Bruyette & Woods dropped 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 reduced their price target 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. Citigroup reissued a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. Finally, StockNews.com cut shares of James River Group from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. One investment 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. Based on data from MarketBeat, James River Group has a consensus rating of "Hold" and an average target price of $6.06.

James River Group Stock Up 1.9 %

Shares of JRVR traded up $0.09 during mid-day trading on Friday, hitting $4.86. 13,115 shares of the company's stock were exchanged, compared to its average volume of 342,506. The company has a 50-day simple moving average of $4.23 and a 200 day simple moving average of $4.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $221.83 million, a PE ratio of -1.20 and a beta of 0.02. James River Group Holdings, Ltd. has a 52 week low of $3.00 and a 52 week high of $9.13.

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

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.82%. James River Group's dividend payout ratio is -1.38%.

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.