James River Group Holdings, Ltd. (NASDAQ:JRVR) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 101.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 850,526 shares of the insurance provider's stock after buying an additional 428,636 shares during the period. Price T Rowe Associates Inc. MD owned about 2.25% of James River Group worth $4,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Gallatin Point Capital LLC acquired a new position in James River Group in the 4th quarter valued at about $28,535,000. Geode Capital Management LLC increased its stake in 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 worth $4,190,000 after buying an additional 59,763 shares during the period. Dimensional Fund Advisors LP lifted its holdings in James River Group by 14.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 617,071 shares of the insurance provider's stock worth $3,005,000 after buying an additional 76,605 shares in the last quarter. Boston Partners acquired a new stake in James River Group during the 4th quarter worth approximately $2,578,000. Finally, American Century Companies Inc. boosted its position in James River Group by 6.7% in the 4th quarter. American Century Companies Inc. now owns 345,921 shares of the insurance provider's stock valued at $1,685,000 after buying an additional 21,594 shares during the period. 95.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JRVR has been the topic of several analyst reports. Citigroup reiterated a "hold" rating on shares of James River Group in a research note on Tuesday, March 11th. Compass Point reduced their price target on James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a research report on Monday, March 10th. Keefe, Bruyette & Woods lowered their price objective 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. JMP Securities reaffirmed a "market outperform" rating and issued a $8.00 target price on shares of James River Group in a report on Tuesday. Finally, StockNews.com upgraded shares of James River Group from a "sell" rating to a "hold" rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $6.06.

James River Group Stock Down 1.9 %

Shares of NASDAQ JRVR traded down $0.09 during midday trading on Friday, hitting $4.66. 197,789 shares of the company's stock were exchanged, compared to its average volume of 331,721. The firm's fifty day simple moving average is $4.25 and its 200-day simple moving average is $4.71. The company has a market cap of $212.70 million, a PE ratio of -1.15 and a beta of 0.02. James River Group Holdings, Ltd. has a twelve month low of $3.00 and a twelve month high of $8.99. 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 (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The insurance provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $172.29 million for the quarter, compared to analyst estimates of $184.15 million. Research analysts predict that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.86%. James River Group's dividend payout ratio (DPR) is presently -1.29%.

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.