Federated Hermes Inc. Has $1.04 Million Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Federated Hermes Inc. raised its position in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 125,501.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,041 shares of the insurance provider's stock after purchasing an additional 112,951 shares during the period. Federated Hermes Inc. owned about 0.30% of James River Group worth $1,044,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JRVR. SG Americas Securities LLC purchased a new position in James River Group in the 3rd quarter valued at about $330,000. Bailard Inc. purchased a new position in James River Group in the 3rd quarter valued at about $236,000. New York State Teachers Retirement System lifted its holdings in James River Group by 15.2% in the 3rd quarter. New York State Teachers Retirement System now owns 22,196 shares of the insurance provider's stock valued at $341,000 after purchasing an additional 2,936 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in James River Group by 89.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,775 shares of the insurance provider's stock valued at $119,000 after purchasing an additional 3,668 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new position in James River Group in the 3rd quarter valued at about $332,000. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

James River Group Stock Performance

JRVR traded down $0.19 during trading hours on Wednesday, hitting $8.70. 420,069 shares of the stock were exchanged, compared to its average volume of 1,194,020. The stock has a 50-day simple moving average of $8.99 and a 200-day simple moving average of $9.77. James River Group Holdings, Ltd. has a 12 month low of $6.35 and a 12 month high of $22.15. The stock has a market cap of $327.64 million, a price-to-earnings ratio of -3.85 and a beta of 0.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.55 and a quick ratio of 0.55.

James River Group (NASDAQ:JRVR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.10). James River Group had a positive return on equity of 13.75% and a negative net margin of 10.80%. The firm had revenue of $218.10 million for the quarter, compared to the consensus estimate of $216.80 million. Analysts anticipate that James River Group Holdings, Ltd. will post 1.75 earnings per share for the current year.

James River Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Friday, March 8th. James River Group's payout ratio is -8.85%.

Analysts Set New Price Targets

A number of research analysts have recently commented on JRVR shares. Compass Point raised shares of James River Group from a "neutral" rating to a "buy" rating and set a $12.00 price objective for the company in a research note on Friday, March 22nd. Truist Financial dropped their price objective on shares of James River Group from $15.00 to $11.00 and set a "hold" rating for the company in a research note on Friday, March 1st. JMP Securities reaffirmed a "market outperform" rating and set a $15.00 price objective on shares of James River Group in a research note on Monday, April 15th. UBS Group dropped their price objective on shares of James River Group from $34.00 to $15.00 and set a "buy" rating for the company in a research note on Tuesday, March 5th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of James River Group from $11.00 to $9.00 and set a "market perform" rating for the company in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $12.33.

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.