T. Rowe Price Investment Management Inc. Purchases 83,839 Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR)

T. Rowe Price Investment Management Inc. lifted its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,739,840 shares of the insurance provider's stock after purchasing an additional 83,839 shares during the quarter. T. Rowe Price Investment Management Inc. owned 9.89% of James River Group worth $18,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in JRVR. Jane Street Group LLC lifted its stake in shares of James River Group by 39.5% in the 3rd quarter. Jane Street Group LLC now owns 90,838 shares of the insurance provider's stock valued at $570,000 after acquiring an additional 25,738 shares during the last quarter. SG Americas Securities LLC boosted its stake 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 valued at $76,000 after purchasing an additional 4,586 shares in the last quarter. Barclays PLC grew its holdings in shares of James River Group by 288.2% during the third quarter. Barclays PLC now owns 43,940 shares of the insurance provider's stock worth $275,000 after purchasing an additional 32,621 shares during the last quarter. Renaissance Technologies LLC increased its position in James River Group by 8.1% in the 4th quarter. Renaissance Technologies LLC now owns 241,170 shares of the insurance provider's stock valued at $1,174,000 after acquiring an additional 18,170 shares during the period. Finally, Empowered Funds LLC raised its position in James River Group by 4.9% during the 4th quarter. Empowered Funds LLC now owns 118,194 shares of the insurance provider's stock worth $576,000 after purchasing an additional 5,553 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on JRVR shares. Keefe, Bruyette & Woods lowered their price objective on James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a research report on Thursday, March 13th. StockNews.com downgraded shares of James River Group from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Compass Point decreased their price objective on shares of James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a research report on Monday, March 10th. Citigroup restated a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. Finally, Truist Financial lowered their price objective on 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, James River Group presently has a consensus rating of "Hold" and a consensus target price of $6.06.

James River Group Stock Up 0.4 %

NASDAQ:JRVR traded up $0.02 on Friday, hitting $4.79. The stock had a trading volume of 146,048 shares, compared to its average volume of 294,267. The company has a market cap of $218.63 million, a PE ratio of -1.18 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. The business's fifty day moving average is $4.23 and its 200 day moving average is $4.81. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38.

James River Group (NASDAQ:JRVR - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.66). The business had revenue of $126.71 million for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.33 EPS. On average, equities research analysts expect that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Monday, March 10th. James River Group's dividend payout ratio is currently -1.38%.

James River Group 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.