James River Group Holdings Ltd. (NASDAQ:JRVR) CEO Steven J. Hartman sold 10,000 shares of James River Group Holdings stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $35.22, for a total transaction of $352,200.00. Following the transaction, the chief executive officer now directly owns 34,453 shares of the company’s stock, valued at $1,213,434.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of James River Group Holdings Ltd. (NASDAQ:JRVR) opened at 34.86 on Monday. The firm has a 50-day moving average of $35.37 and a 200 day moving average of $33.22. James River Group Holdings Ltd. has a 52-week low of $25.86 and a 52-week high of $37.32. The firm has a market cap of $1.01 billion, a PE ratio of 17.54 and a beta of 0.58.

James River Group Holdings (NASDAQ:JRVR) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. James River Group Holdings had a net margin of 11.27% and a return on equity of 9.00%. The business had revenue of $134.51 million for the quarter, compared to the consensus estimate of $146.28 million. During the same period in the prior year, the company posted $0.42 earnings per share. James River Group Holdings’s revenue was up 11.9% compared to the same quarter last year. On average, equities analysts predict that James River Group Holdings Ltd. will post $2.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 12th will be paid a $0.20 dividend. The ex-dividend date is Thursday, September 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.29%. James River Group Holdings’s dividend payout ratio (DPR) is presently 40.20%.

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD increased its position in James River Group Holdings by 59.3% in the first quarter. BlackRock Group LTD now owns 5,601 shares of the company’s stock valued at $180,000 after buying an additional 2,085 shares during the period. State Street Corp increased its position in James River Group Holdings by 5.9% in the first quarter. State Street Corp now owns 163,346 shares of the company’s stock valued at $5,270,000 after buying an additional 9,108 shares during the period. UBS Group AG increased its position in James River Group Holdings by 31.2% in the first quarter. UBS Group AG now owns 17,202 shares of the company’s stock valued at $555,000 after buying an additional 4,086 shares during the period. Hancock Holding Co. increased its position in James River Group Holdings by 3.3% in the first quarter. Hancock Holding Co. now owns 26,096 shares of the company’s stock valued at $842,000 after buying an additional 831 shares during the period. Finally, Granahan Investment Management Inc. MA increased its position in James River Group Holdings by 217.1% in the first quarter. Granahan Investment Management Inc. MA now owns 214,700 shares of the company’s stock valued at $6,926,000 after buying an additional 147,000 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

JRVR has been the subject of several analyst reports. Zacks Investment Research downgraded shares of James River Group Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 18th. Keefe, Bruyette & Woods lifted their price target on shares of James River Group Holdings from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, August 5th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $40.00 price target (up from $38.00) on shares of James River Group Holdings in a report on Tuesday, July 12th. Five equities research analysts have rated the stock with a buy rating, James River Group Holdings currently has a consensus rating of “Buy” and a consensus target price of $38.75.

About James River Group Holdings

James River Group Holdings, Ltd. is an insurance holding company. The Company owns and operates a group of specialty insurance and reinsurance companies. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers excess and surplus commercial lines liability and property insurance.

5 Day Chart for NASDAQ:JRVR

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