Voya Investment Management LLC grew its holdings in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 42.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,514 shares of the insurance provider’s stock after purchasing an additional 2,228 shares during the quarter. Voya Investment Management LLC’s holdings in James River Group Holdings were worth $299,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. New York State Common Retirement Fund increased its holdings in James River Group Holdings by 26.5% in the 2nd quarter. New York State Common Retirement Fund now owns 49,037 shares of the insurance provider’s stock worth $1,948,000 after acquiring an additional 10,265 shares during the last quarter. Teachers Advisors LLC increased its holdings in James River Group Holdings by 27.2% in the 1st quarter. Teachers Advisors LLC now owns 29,110 shares of the insurance provider’s stock worth $1,248,000 after acquiring an additional 6,228 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in James River Group Holdings by 56.4% in the 1st quarter. JPMorgan Chase & Co. now owns 39,179 shares of the insurance provider’s stock worth $1,679,000 after acquiring an additional 14,124 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in James River Group Holdings by 24.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 15,022 shares of the insurance provider’s stock worth $597,000 after acquiring an additional 2,966 shares during the last quarter. Finally, Redwood Investments LLC increased its holdings in James River Group Holdings by 11.6% in the 2nd quarter. Redwood Investments LLC now owns 255,091 shares of the insurance provider’s stock worth $10,135,000 after acquiring an additional 26,599 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $47.00 price objective on shares of James River Group Holdings in a report on Tuesday. JMP Securities assumed coverage on James River Group Holdings in a report on Tuesday, October 17th. They issued an “outperform” rating and a $47.00 price objective for the company. BidaskClub raised James River Group Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $42.00 price objective on shares of James River Group Holdings in a report on Thursday, September 21st. Finally, Zacks Investment Research lowered James River Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.00.

James River Group Holdings, Ltd. (NASDAQ:JRVR) opened at $38.24 on Wednesday. James River Group Holdings, Ltd. has a 12 month low of $37.28 and a 12 month high of $46.20. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1,139.75, a PE ratio of 17.50 and a beta of 0.56.

James River Group Holdings (NASDAQ:JRVR) last issued its earnings results on Wednesday, November 1st. The insurance provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. James River Group Holdings had a return on equity of 9.36% and a net margin of 8.98%. The business had revenue of $220.87 million during the quarter, compared to the consensus estimate of $198.67 million. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue was up 45.9% compared to the same quarter last year. equities analysts expect that James River Group Holdings, Ltd. will post 2.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.20 annualized dividend and a yield of 8.37%. This is an increase from James River Group Holdings’s previous quarterly dividend of $0.30. James River Group Holdings’s dividend payout ratio (DPR) is currently 52.63%.

In other James River Group Holdings news, CEO Steven J. Hartman sold 5,264 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $38.91, for a total value of $204,822.24. Following the completion of the transaction, the chief executive officer now owns 55,843 shares in the company, valued at approximately $2,172,851.13. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman J Adam Abram sold 400,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $38.10, for a total value of $15,240,000.00. Following the completion of the transaction, the chairman now owns 368,247 shares of the company’s stock, valued at approximately $14,030,210.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 425,000 shares of company stock valued at $16,222,815. 41.00% of the stock is owned by corporate insiders.

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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.

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

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