Goldman Sachs Group Inc. raised its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 30.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,661 shares of the insurance provider’s stock after buying an additional 4,328 shares during the period. Goldman Sachs Group Inc.’s holdings in James River Group Holdings were worth $800,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. boosted its position in shares of James River Group Holdings by 20.8% in the first quarter. Sei Investments Co. now owns 17,621 shares of the insurance provider’s stock worth $756,000 after buying an additional 3,039 shares during the period. Suntrust Banks Inc. boosted its position in shares of James River Group Holdings by 14.4% in the first quarter. Suntrust Banks Inc. now owns 9,089 shares of the insurance provider’s stock worth $388,000 after buying an additional 1,141 shares during the period. Boston Partners boosted its position in shares of James River Group Holdings by 2.2% in the first quarter. Boston Partners now owns 214,254 shares of the insurance provider’s stock worth $9,183,000 after buying an additional 4,543 shares during the period. American Century Companies Inc. boosted its position in shares of James River Group Holdings by 20.7% in the first quarter. American Century Companies Inc. now owns 487,211 shares of the insurance provider’s stock worth $20,882,000 after buying an additional 83,588 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of James River Group Holdings by 5.5% in the first quarter. First Trust Advisors LP now owns 39,275 shares of the insurance provider’s stock worth $1,683,000 after buying an additional 2,055 shares during the period. Hedge funds and other institutional investors own 95.97% of the company’s stock.

James River Group Holdings, Ltd. (NASDAQ:JRVR) traded up 0.72% on Wednesday, reaching $40.57. 25,374 shares of the company’s stock traded hands. The stock has a 50-day moving average of $39.83 and a 200 day moving average of $40.92. The firm has a market capitalization of $1.20 billion, a P/E ratio of 15.28 and a beta of 0.55. James River Group Holdings, Ltd. has a 52 week low of $33.96 and a 52 week high of $46.20.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 11th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.98%. 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 firms have commented on JRVR. Zacks Investment Research cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a report on Friday, May 26th. BidaskClub cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $44.75.

In other James River Group Holdings news, Director Bryan Martin sold 4,250,000 shares of the 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 the SEC website. 41.00% of the stock is owned by company insiders.

James River Group Holdings Company Profile

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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