XTX Topco Ltd Purchases Shares of 61,185 James River Group Holdings, Ltd. (NASDAQ:JRVR)

XTX Topco Ltd acquired a new position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 61,185 shares of the insurance provider's stock, valued at approximately $298,000. XTX Topco Ltd owned about 0.16% of James River Group as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of JRVR. Quantbot Technologies LP raised its position in James River Group by 24.8% during the 4th quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider's stock worth $61,000 after buying an additional 2,498 shares during the last quarter. Intech Investment Management LLC purchased a new position in James River Group during the 4th quarter worth $68,000. SG Americas Securities LLC increased its holdings in shares of James River Group by 41.6% in the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock valued at $76,000 after purchasing an additional 4,586 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of James River Group in the 4th quarter valued at about $84,000. Finally, Wells Fargo & Company MN increased its holdings in shares of James River Group by 52.9% in the 4th quarter. Wells Fargo & Company MN now owns 22,026 shares of the insurance provider's stock valued at $107,000 after purchasing an additional 7,625 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on JRVR shares. Keefe, Bruyette & Woods cut their price target on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a report on Thursday, March 13th. StockNews.com downgraded shares of James River Group from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Citigroup reiterated a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. Compass Point dropped their target price on shares of James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a report on Monday, March 10th. Finally, Truist Financial dropped their target price on shares of James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.06.

James River Group Trading Up 5.1 %

Shares of James River Group stock traded up $0.23 during mid-day trading on Wednesday, hitting $4.76. 275,139 shares of the stock were exchanged, compared to its average volume of 344,671. James River Group Holdings, Ltd. has a twelve month low of $3.00 and a twelve month high of $9.17. The stock has a market capitalization of $217.27 million, a price-to-earnings ratio of -1.18 and a beta of 0.04. The company has a 50-day simple moving average of $4.23 and a 200 day simple moving average of $4.82. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38.

James River Group (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.66). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The firm had revenue of $126.71 million for the quarter, compared to analyst estimates of $159.91 million. During the same period in the prior year, the business earned $0.33 earnings per share. Research analysts forecast that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, March 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.84%. James River Group's dividend payout ratio is currently -1.38%.

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.