Bank of America Corp DE Boosts Holdings in James River Group Holdings Ltd (JRVR)

Bank of America Corp DE boosted its position in James River Group Holdings Ltd (NASDAQ:JRVR) by 15.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,710 shares of the insurance provider’s stock after purchasing an additional 10,484 shares during the quarter. Bank of America Corp DE owned approximately 0.26% of James River Group worth $3,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Voya Investment Management LLC increased its holdings in shares of James River Group by 19.2% during the second quarter. Voya Investment Management LLC now owns 9,544 shares of the insurance provider’s stock valued at $375,000 after acquiring an additional 1,536 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in shares of James River Group by 2.4% during the second quarter. OppenheimerFunds Inc. now owns 285,587 shares of the insurance provider’s stock valued at $11,221,000 after acquiring an additional 6,635 shares in the last quarter. United Services Automobile Association increased its holdings in shares of James River Group by 2.3% during the second quarter. United Services Automobile Association now owns 116,788 shares of the insurance provider’s stock valued at $4,589,000 after acquiring an additional 2,666 shares in the last quarter. Stephens Inc. AR bought a new position in shares of James River Group during the second quarter valued at $1,788,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of James River Group by 27.5% during 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 in the last quarter. Institutional investors and hedge funds own 98.58% of the company’s stock.

James River Group stock opened at $38.28 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.33. James River Group Holdings Ltd has a one year low of $32.17 and a one year high of $43.47. The firm has a market cap of $1.15 billion, a P/E ratio of 24.38 and a beta of 0.60.

Several equities analysts have recently weighed in on JRVR shares. 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. Zacks Investment Research downgraded James River Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. ValuEngine downgraded James River Group from a “buy” rating to a “hold” rating in a report on Monday, October 15th. BidaskClub downgraded James River Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 price target on shares of James River Group in a report on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $43.25.

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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