James River Group Holdings, Ltd. (NASDAQ:JRVR) Shares Bought by Jump Financial LLC

Jump Financial LLC grew its holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 409.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 115,570 shares of the insurance provider's stock after acquiring an additional 92,870 shares during the quarter. Jump Financial LLC owned 0.31% of James River Group worth $1,068,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of JRVR. PNC Financial Services Group Inc. boosted its stake in James River Group by 475.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,394 shares of the insurance provider's stock worth $67,000 after purchasing an additional 3,631 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of James River Group by 68.7% during the third quarter. Quantbot Technologies LP now owns 4,845 shares of the insurance provider's stock valued at $74,000 after buying an additional 1,973 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 acquiring an additional 3,668 shares during the period. CenterBook Partners LP purchased a new position in James River Group in the 3rd quarter worth $159,000. Finally, Aigen Investment Management LP acquired a new stake in James River Group during the 3rd quarter worth about $169,000. Hedge funds and other institutional investors own 95.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JRVR. Truist Financial cut their price objective on James River Group from $15.00 to $11.00 and set a "hold" rating on the stock in a report on Friday, March 1st. UBS Group decreased 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. Keefe, Bruyette & Woods cut their price objective on shares of James River Group from $11.00 to $9.00 and set a "market perform" rating on the stock in a research note on Thursday, March 7th. JMP Securities restated a "market outperform" rating and set a $15.00 target price on shares of James River Group in a research report on Monday, April 15th. Finally, Compass Point raised James River Group from a "neutral" rating to a "buy" rating and set a $12.00 price target on the stock in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.33.

James River Group Stock Performance

JRVR stock traded up $0.12 during midday trading on Friday, hitting $8.20. 498,243 shares of the stock traded hands, compared to its average volume of 516,974. James River Group Holdings, Ltd. has a 1-year low of $6.35 and a 1-year high of $22.15. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.55. The stock's fifty day simple moving average is $8.52 and its 200-day simple moving average is $9.26. The firm has a market cap of $310.21 million, a P/E ratio of -3.92 and a beta of 0.17.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its earnings results on Wednesday, May 8th. The insurance provider reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. The firm had revenue of $201.13 million for the quarter, compared to analysts' expectations of $172.26 million. James River Group had a positive return on equity of 12.85% and a negative net margin of 10.56%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. On average, analysts expect that James River Group Holdings, Ltd. will post 1.75 earnings per share for the current year.

James River Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, June 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.44%. James River Group's dividend payout ratio (DPR) is -9.57%.

James River Group Company 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.