American Century Companies Inc. boosted its holdings in shares of James River Group Holdings (NASDAQ:JRVR) by 76.1% during the first quarter, Holdings Channel reports. The institutional investor owned 761,465 shares of the insurance provider’s stock after acquiring an additional 329,159 shares during the quarter. American Century Companies Inc.’s holdings in James River Group were worth $27,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of JRVR. SG Americas Securities LLC bought a new stake in shares of James River Group during the first quarter worth approximately $160,000. Two Sigma Securities LLC bought a new stake in shares of James River Group during the fourth quarter worth approximately $205,000. Oppenheimer & Co. Inc. bought a new stake in shares of James River Group during the first quarter worth approximately $300,000. New York State Teachers Retirement System bought a new stake in shares of James River Group during the first quarter worth approximately $344,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of James River Group during the fourth quarter worth approximately $346,000. Institutional investors own 95.98% of the company’s stock.

Shares of JRVR stock opened at $36.65 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $1.08 billion, a P/E ratio of 23.34 and a beta of 0.46. James River Group Holdings has a 1 year low of $36.59 and a 1 year high of $36.79.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Thursday, May 3rd. The insurance provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $218.34 million during the quarter, compared to analysts’ expectations of $214.55 million. James River Group had a return on equity of 6.56% and a net margin of 4.74%. analysts predict that James River Group Holdings will post 2.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Monday, June 11th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Friday, June 8th. James River Group’s dividend payout ratio (DPR) is currently 76.43%.

In other James River Group news, Director Janet Raye Cowell bought 1,206 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $33.16 per share, for a total transaction of $39,990.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael T. Oakes sold 22,695 shares of the company’s stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $37.51, for a total value of $851,289.45. Following the sale, the director now owns 30,977 shares of the company’s stock, valued at $1,161,947.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,000 shares of company stock valued at $2,348,845. 15.00% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently issued reports on JRVR shares. SunTrust Banks reduced their price objective on James River Group to $44.00 and set a “buy” rating for the company in a report on Monday, February 26th. BidaskClub upgraded James River Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th. ValuEngine upgraded James River Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded James River Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 26th. Finally, Keefe, Bruyette & Woods upgraded James River Group from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Thursday, March 15th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.50.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites property and liability insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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

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