Jacobs Levy Equity Management Inc. Decreases Holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Jacobs Levy Equity Management Inc. trimmed its holdings in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 27.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 518,868 shares of the insurance provider's stock after selling 191,775 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.37% of James River Group worth $2,527,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. D. E. Shaw & Co. Inc. raised its position in shares of James River Group by 9.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider's stock valued at $5,412,000 after buying an additional 93,348 shares in the last quarter. Cantor Fitzgerald L. P. purchased a new stake in shares of James River Group during the 4th quarter valued at about $429,000. BNP Paribas Financial Markets raised its position in shares of James River Group by 84.9% during the 4th quarter. BNP Paribas Financial Markets now owns 31,843 shares of the insurance provider's stock valued at $155,000 after buying an additional 14,624 shares in the last quarter. Northern Trust Corp raised its position in shares of James River Group by 16.3% during the 4th quarter. Northern Trust Corp now owns 306,468 shares of the insurance provider's stock valued at $1,492,000 after buying an additional 42,841 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of James River Group during the 4th quarter valued at about $41,000. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

James River Group Price Performance

Shares of JRVR stock opened at $4.74 on Friday. 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 capitalization of $217.53 million, a P/E ratio of -1.17 and a beta of 0.02. The company's 50-day simple moving average is $4.32 and its two-hundred day simple moving average is $4.67. 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 issued its earnings results on Monday, May 5th. The insurance provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The company had revenue of $172.29 million during the quarter, compared to the consensus estimate of $184.15 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. As a group, equities analysts anticipate that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 0.84%. James River Group's dividend payout ratio is currently -1.29%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JRVR. JMP Securities reiterated a "market outperform" rating and set a $8.00 price target on shares of James River Group in a report on Tuesday, May 6th. StockNews.com upgraded shares of James River Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Truist Financial cut their price target on shares of James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Tuesday, March 11th. Keefe, Bruyette & Woods cut their price target on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a report on Thursday, March 13th. Finally, Compass Point cut 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 report on Monday, March 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.

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