James River Group Holdings, Ltd. (NASDAQ:JRVR) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 49.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,565 shares of the insurance provider's stock after selling 174,959 shares during the period. Marshall Wace LLP owned about 0.48% of James River Group worth $884,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. XTX Topco Ltd bought a new position in James River Group during the fourth quarter valued at $298,000. Barclays PLC boosted its position in shares of James River Group by 38.0% during the fourth quarter. Barclays PLC now owns 60,643 shares of the insurance provider's stock valued at $295,000 after buying an additional 16,703 shares during the period. Raymond James Financial Inc. bought a new position in shares of James River Group during the fourth quarter valued at approximately $84,000. Renaissance Technologies LLC raised its holdings in shares of James River Group by 8.1% in the fourth quarter. Renaissance Technologies LLC now owns 241,170 shares of the insurance provider's stock worth $1,174,000 after buying an additional 18,170 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of 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. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JRVR has been the subject of several research analyst reports. Citigroup reiterated a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. Truist Financial decreased their price target 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. StockNews.com lowered James River Group from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Keefe, Bruyette & Woods decreased their target price 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. Finally, Compass Point decreased their price objective on James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.06.

James River Group Stock Down 3.1 %

James River Group stock traded down $0.15 during trading hours on Tuesday, reaching $4.76. The stock had a trading volume of 48,586 shares, compared to its average volume of 291,804. The business's 50 day moving average price is $4.23 and its 200-day moving average price is $4.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. James River Group Holdings, Ltd. has a 52 week low of $3.00 and a 52 week high of $9.13. The company has a market cap of $217.13 million, a price-to-earnings ratio of -1.18 and a beta of 0.02.

James River Group (NASDAQ:JRVR - Get Free Report) last announced its 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). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The business had revenue of $172.29 million for the quarter, compared to analysts' expectations of $184.15 million. Sell-side 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 was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $0.01 dividend. 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 (DPR) is presently -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.