Raymond James & Associates decreased its position in James River Group Holdings Ltd (NASDAQ:JRVR) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 218,296 shares of the insurance provider’s stock after selling 5,525 shares during the period. Raymond James & Associates owned 0.73% of James River Group worth $8,577,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in James River Group by 69.0% in the second quarter. BlackRock Inc. now owns 4,155,688 shares of the insurance provider’s stock valued at $163,277,000 after acquiring an additional 1,696,697 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in James River Group by 73.0% in the first quarter. Principal Financial Group Inc. now owns 2,384,860 shares of the insurance provider’s stock valued at $84,591,000 after acquiring an additional 1,006,477 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in James River Group in the second quarter valued at about $48,240,000. Dimensional Fund Advisors LP boosted its holdings in James River Group by 27.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,159,061 shares of the insurance provider’s stock valued at $45,540,000 after acquiring an additional 250,292 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in James River Group by 13.4% in the first quarter. Royal Bank of Canada now owns 497,991 shares of the insurance provider’s stock valued at $17,664,000 after acquiring an additional 59,015 shares during the last quarter. Institutional investors and hedge funds own 98.58% of the company’s stock.

Shares of JRVR opened at $42.89 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14. James River Group Holdings Ltd has a 1 year low of $32.17 and a 1 year high of $44.34. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 26.48 and a beta of 0.46.

James River Group (NASDAQ:JRVR) last issued its earnings results on Thursday, August 2nd. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. James River Group had a return on equity of 7.01% and a net margin of 4.88%. The firm had revenue of $228.04 million for the quarter, compared to analysts’ expectations of $230.70 million. equities analysts predict that James River Group Holdings Ltd will post 2.35 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Monday, September 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Friday, September 7th. James River Group’s dividend payout ratio (DPR) is currently 76.43%.

Several equities analysts recently issued reports on the company. BidaskClub cut James River Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Zacks Investment Research upgraded James River Group from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Thursday, August 9th. Finally, B. Riley raised their price target on James River Group from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $44.00.

James River Group Profile

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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