Price T Rowe Associates Inc. MD Acquires 428,636 Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR)

Price T Rowe Associates Inc. MD increased its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 101.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 850,526 shares of the insurance provider's stock after buying an additional 428,636 shares during the quarter. Price T Rowe Associates Inc. MD owned 2.25% of James River Group worth $4,144,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Gallatin Point Capital LLC bought a new position in shares of James River Group during the 4th quarter worth $28,535,000. Boston Partners purchased a new stake in James River Group during the fourth quarter valued at about $2,578,000. Dimensional Fund Advisors LP boosted its position in James River Group by 14.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 617,071 shares of the insurance provider's stock worth $3,005,000 after purchasing an additional 76,605 shares during the period. XTX Topco Ltd purchased a new position in shares of James River Group in the fourth quarter worth about $298,000. Finally, Geode Capital Management LLC lifted its stake in shares of James River Group by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 860,139 shares of the insurance provider's stock valued at $4,190,000 after buying an additional 59,763 shares in the last quarter. Institutional investors own 95.21% of the company's stock.

James River Group Price Performance

Shares of JRVR traded down $0.04 during trading hours on Thursday, reaching $4.77. 182,567 shares of the company's stock traded hands, compared to its average volume of 342,066. James River Group Holdings, Ltd. has a 12 month low of $3.00 and a 12 month high of $9.09. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The stock has a market cap of $217.49 million, a PE ratio of -1.18 and a beta of 0.02. The firm's 50 day simple moving average is $4.23 and its 200-day simple moving average is $4.75.

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 (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $172.29 million for the quarter, compared to the consensus estimate of $184.15 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. Equities analysts expect that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be paid a $0.01 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.84%. James River Group's dividend payout ratio is presently -1.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their target price on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a report on Thursday, March 13th. Citigroup reissued a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. Compass Point reduced their target price 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. StockNews.com raised shares of James River Group from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, Truist Financial reduced their price objective 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, James River Group currently has a consensus rating of "Hold" and a consensus price target of $6.06.

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.