James River Group Holdings, Ltd. (JRVR) Holdings Boosted by Alliancebernstein L.P.

Alliancebernstein L.P. grew its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 56.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,100 shares of the insurance provider’s stock after purchasing an additional 10,100 shares during the period. Alliancebernstein L.P. owned approximately 0.10% of James River Group Holdings worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. American International Group Inc. grew its position in James River Group Holdings by 7.1% during the 1st quarter. American International Group Inc. now owns 8,791 shares of the insurance provider’s stock worth $377,000 after acquiring an additional 585 shares during the last quarter. Legal & General Group Plc raised its stake in James River Group Holdings by 21.4% during the 2nd quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock worth $169,000 after buying an additional 748 shares during the period. Parametric Portfolio Associates LLC raised its stake in James River Group Holdings by 9.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 11,384 shares of the insurance provider’s stock worth $488,000 after buying an additional 942 shares during the period. Neuberger Berman Group LLC raised its stake in James River Group Holdings by 21.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 6,867 shares of the insurance provider’s stock worth $273,000 after buying an additional 1,207 shares during the period. Finally, Sei Investments Co. raised its stake in James River Group Holdings by 7.8% during the 2nd quarter. Sei Investments Co. now owns 19,003 shares of the insurance provider’s stock worth $755,000 after buying an additional 1,382 shares during the period. Institutional investors own 92.36% of the company’s stock.

James River Group Holdings, Ltd. (NASDAQ JRVR) traded up $0.08 during trading on Friday, hitting $39.00. 454,800 shares of the stock traded hands, compared to its average volume of 136,676. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.22 and a current ratio of 0.25. James River Group Holdings, Ltd. has a 12-month low of $37.27 and a 12-month high of $46.20. The stock has a market cap of $1,152.49, a PE ratio of 17.69 and a beta of 0.56.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be given a dividend of $0.80 per share. This is a boost from James River Group Holdings’s previous quarterly dividend of $0.30. This represents a $3.20 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date is Thursday, December 14th. James River Group Holdings’s dividend payout ratio (DPR) is 52.63%.

In other James River Group Holdings news, CEO Steven J. Hartman sold 19,736 shares of James River Group Holdings stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $39.42, for a total value of $777,993.12. Following the completion of the transaction, the chief executive officer now directly owns 70,315 shares of the company’s stock, valued at $2,771,817.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven J. Hartman sold 5,264 shares of James River Group Holdings stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $38.91, for a total transaction of $204,822.24. Following the completion of the transaction, the chief executive officer now directly owns 55,843 shares of the company’s stock, valued at $2,172,851.13. The disclosure for this sale can be found here. Company insiders own 41.00% of the company’s stock.

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JRVR has been the topic of a number of research reports. Zacks Investment Research cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. ValuEngine lowered shares of James River Group Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded shares of James River Group Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. JMP Securities initiated coverage on shares of James River Group Holdings in a report on Tuesday, October 17th. They set an “outperform” rating and a $47.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price objective on shares of James River Group Holdings in a report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $47.00.

James River Group Holdings 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.

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

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