Russell Investments Group Ltd. Acquires 8,212 Shares of James River Group Holdings Ltd (JRVR)

Russell Investments Group Ltd. raised its holdings in James River Group Holdings Ltd (NASDAQ:JRVR) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 389,534 shares of the insurance provider’s stock after buying an additional 8,212 shares during the period. Russell Investments Group Ltd. owned about 1.30% of James River Group worth $16,598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Granahan Investment Management Inc. MA lifted its stake in shares of James River Group by 1.5% in the second quarter. Granahan Investment Management Inc. MA now owns 92,761 shares of the insurance provider’s stock valued at $3,645,000 after buying an additional 1,375 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of James River Group by 19.2% in the second quarter. Voya Investment Management LLC now owns 9,544 shares of the insurance provider’s stock valued at $375,000 after buying an additional 1,536 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of James River Group by 21.7% in the second quarter. State of Alaska Department of Revenue now owns 9,770 shares of the insurance provider’s stock valued at $383,000 after buying an additional 1,740 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of James River Group by 20.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the insurance provider’s stock valued at $526,000 after buying an additional 2,300 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of James River Group by 25.3% in the second quarter. New York State Teachers Retirement System now owns 12,160 shares of the insurance provider’s stock valued at $478,000 after buying an additional 2,455 shares in the last quarter. 98.58% of the stock is currently owned by hedge funds and other institutional investors.

JRVR opened at $37.46 on Friday. 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 fifty-two week low of $32.17 and a fifty-two week high of $43.47. The stock has a market cap of $1.19 billion, a P/E ratio of 23.86 and a beta of 0.60.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Thursday, November 8th. The insurance provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. James River Group had a net margin of 5.90% and a return on equity of 8.35%. The company had revenue of $224.69 million for the quarter, compared to analyst estimates of $224.90 million. Equities research analysts predict that James River Group Holdings Ltd will post 2.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, December 13th. James River Group’s payout ratio is currently 76.43%.

JRVR has been the topic of a number of recent research reports. BidaskClub raised shares of James River Group from a “hold” rating to a “buy” rating in a research note on Friday, July 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $46.00 price objective on shares of James River Group in a research note on Friday, August 3rd. B. Riley raised their price objective on shares of James River Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Zacks Investment Research raised shares of James River Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Thursday, August 9th. Finally, ValuEngine raised shares of James River Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $43.25.

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About James River Group

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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