James River Group Holdings, Ltd. (NASDAQ:JRVR) CEO Steven J. Hartman sold 19,736 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $39.42, for a total transaction of $777,993.12. Following the sale, the chief executive officer now owns 70,315 shares of the company’s stock, valued at $2,771,817.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

James River Group Holdings, Ltd. (NASDAQ JRVR) opened at 39.88 on Friday. The stock’s 50 day moving average is $39.81 and its 200-day moving average is $40.87. 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 capitalization of $1.18 billion, a PE ratio of 15.02 and a beta of 0.55.

James River Group Holdings (NASDAQ:JRVR) last released its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.04. James River Group Holdings had a return on equity of 10.80% and a net margin of 11.45%. The firm had revenue of $202.40 million during the quarter, compared to analyst estimates of $169.83 million. During the same quarter in the prior year, the company posted $0.46 EPS. The company’s quarterly revenue was up 50.5% on a year-over-year basis. Equities analysts expect that James River Group Holdings, Ltd. will post $2.50 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 11th will be issued a $0.30 dividend. The ex-dividend date is Friday, September 8th. This represents a $1.20 dividend on an annualized basis and a yield of 3.01%. James River Group Holdings’s dividend payout ratio is currently 45.28%.

TRADEMARK VIOLATION WARNING: “Insider Selling: James River Group Holdings, Ltd. (JRVR) CEO Sells $777,993.12 in Stock” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/insider-selling-james-river-group-holdings-ltd-jrvr-ceo-sells-777993-12-in-stock/1535472.html.

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in James River Group Holdings by 0.8% in the second quarter. FMR LLC now owns 2,649,141 shares of the insurance provider’s stock worth $105,250,000 after buying an additional 21,164 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in James River Group Holdings by 7.4% in the first quarter. Frontier Capital Management Co. LLC now owns 1,574,274 shares of the insurance provider’s stock worth $67,473,000 after buying an additional 108,650 shares in the last quarter. Vanguard Group Inc. increased its position in James River Group Holdings by 27.1% in the second quarter. Vanguard Group Inc. now owns 894,726 shares of the insurance provider’s stock worth $35,548,000 after buying an additional 190,928 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of James River Group Holdings by 4,472.7% in the second quarter. Goldman Sachs Group Inc. now owns 853,306 shares of the insurance provider’s stock valued at $33,902,000 after buying an additional 834,645 shares during the period. Finally, OppenheimerFunds Inc. increased its position in shares of James River Group Holdings by 3.6% in the first quarter. OppenheimerFunds Inc. now owns 637,558 shares of the insurance provider’s stock valued at $27,325,000 after buying an additional 22,147 shares during the period. Hedge funds and other institutional investors own 92.72% of the company’s stock.

Several research firms have issued reports on JRVR. Zacks Investment Research downgraded shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price objective on shares of James River Group Holdings in a research note on Friday, August 18th. Finally, BidaskClub downgraded shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $45.25.

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.

Receive News & Ratings for James River Group Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group Holdings Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.