Legal & General Group Plc lowered its position in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 2.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,500 shares of the insurance provider’s stock after selling 73 shares during the period. Legal & General Group Plc’s holdings in James River Group Holdings were worth $149,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC boosted its stake 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 during the last quarter. OppenheimerFunds Inc. boosted its stake in James River Group Holdings by 3.6% in the first quarter. OppenheimerFunds Inc. now owns 637,558 shares of the insurance provider’s stock worth $27,325,000 after buying an additional 22,147 shares during the last quarter. Victory Capital Management Inc. boosted its stake in James River Group Holdings by 2.4% in the first quarter. Victory Capital Management Inc. now owns 567,144 shares of the insurance provider’s stock worth $24,308,000 after buying an additional 13,469 shares during the last quarter. American Century Companies Inc. boosted its stake in 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 last quarter. Finally, Hood River Capital Management LLC boosted its stake in James River Group Holdings by 3.6% in the first quarter. Hood River Capital Management LLC now owns 256,189 shares of the insurance provider’s stock worth $10,980,000 after buying an additional 8,810 shares during the last quarter. Institutional investors own 95.97% of the company’s stock.

James River Group Holdings, Ltd. (JRVR) traded up 0.62% during trading on Wednesday, hitting $40.53. 14,160 shares of the stock traded hands. The company has a market cap of $1.20 billion, a P/E ratio of 15.27 and a beta of 0.55. James River Group Holdings, Ltd. has a 12 month low of $33.96 and a 12 month high of $46.20. The company’s 50 day moving average price is $39.83 and its 200 day moving average price is $40.92.

James River Group Holdings (NASDAQ:JRVR) last issued its earnings results on Tuesday, August 1st. The insurance provider reported $0.49 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $202.40 million for the quarter, compared to analyst estimates of $169.83 million. During the same period last year, the business posted $0.46 EPS. James River Group Holdings’s revenue was up 50.5% on a year-over-year basis. On average, equities research analysts anticipate that James River Group Holdings, Ltd. will post $2.50 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 11th will be given a dividend of $0.30 per share. 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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JRVR has been the topic of several recent analyst reports. BidaskClub cut 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 cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.75.

In other James River Group Holdings news, Director Bryan Martin sold 4,250,000 shares of James River Group Holdings stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $39.41, for a total transaction of $167,492,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 41.00% of the company’s stock.

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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