Bessemer Group Inc. raised its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 26,400 shares of the insurance provider’s stock after buying an additional 1,400 shares during the period. Bessemer Group Inc.’s holdings in James River Group Holdings were worth $1,049,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning raised its position in James River Group Holdings by 3,123.3% in the first quarter. Creative Planning now owns 4,835 shares of the insurance provider’s stock valued at $207,000 after buying an additional 4,685 shares during the period. Nine Chapters Capital Management LLC acquired a new position in James River Group Holdings during the first quarter valued at about $210,000. Bank of Montreal Can acquired a new position in James River Group Holdings during the second quarter valued at about $203,000. Neuberger Berman Group LLC acquired a new position in James River Group Holdings during the first quarter valued at about $243,000. Finally, Invictus RG acquired a new position in James River Group Holdings during the first quarter valued at about $328,000. Hedge funds and other institutional investors own 95.97% of the company’s stock.

James River Group Holdings, Ltd. (JRVR) opened at 40.11 on Tuesday. James River Group Holdings, Ltd. has a 52-week low of $33.96 and a 52-week high of $46.20. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 15.11 and a beta of 0.55. The firm has a 50-day moving average of $39.81 and a 200 day moving average of $40.92.

James River Group Holdings (NASDAQ:JRVR) last posted its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.04. The business had revenue of $202.40 million for the quarter, compared to the consensus estimate of $169.83 million. James River Group Holdings had a return on equity of 10.80% and a net margin of 11.45%. The company’s quarterly revenue was up 50.5% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. On average, equities research analysts forecast that James River Group Holdings, Ltd. will post $2.50 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 11th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, September 8th. James River Group Holdings’s dividend payout ratio (DPR) is 45.28%.

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Several research analysts have issued reports on the stock. BidaskClub lowered shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. James River Group Holdings presently has a consensus rating of “Hold” and an average price target of $44.75.

In other James River Group Holdings news, Director Bryan Martin sold 4,250,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $39.41, for a total value of $167,492,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 41.00% of the company’s stock.

About James River Group Holdings

James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. 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 commercial excess and surplus lines liability and excess property insurance products.

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Institutional Ownership by Quarter for James River Group Holdings (NASDAQ:JRVR)

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