Dimensional Fund Advisors LP Buys 76,605 Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR)

Dimensional Fund Advisors LP lifted its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 617,071 shares of the insurance provider's stock after acquiring an additional 76,605 shares during the period. Dimensional Fund Advisors LP owned approximately 1.63% of James River Group worth $3,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers increased its position in shares of James River Group by 4.1% during the fourth quarter. Rhumbline Advisers now owns 55,967 shares of the insurance provider's stock valued at $273,000 after acquiring an additional 2,179 shares in the last quarter. 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. JPMorgan Chase & Co. increased its position in shares of James River Group by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 195,791 shares of the insurance provider's stock valued at $1,228,000 after acquiring an additional 3,433 shares in the last quarter. SG Americas Securities LLC increased its position 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 acquiring an additional 4,586 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in James River Group by 4.9% in the fourth 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. Institutional investors own 95.21% of the company's stock.

James River Group Stock Performance

Shares of James River Group stock traded up $0.54 on Monday, hitting $5.36. 446,267 shares of the company's stock were exchanged, compared to its average volume of 327,335. The company has a 50-day simple moving average of $4.36 and a 200-day simple moving average of $4.63. The stock has a market capitalization of $245.99 million, a PE ratio of -1.32 and a beta of 0.02. James River Group Holdings, Ltd. has a 1 year low of $3.00 and a 1 year high of $8.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65.

James River Group (NASDAQ:JRVR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The insurance provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). The business had revenue of $172.29 million for the quarter, compared to analysts' expectations 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 0.75%. James River Group's payout ratio is -1.29%.

Analysts Set New Price Targets

Several brokerages recently issued reports on JRVR. Compass Point dropped their target price 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. 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 dropped their target price 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. Citigroup restated a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. Finally, StockNews.com upgraded shares of James River Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.