Perpetual Ltd Acquires 10,135 Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR)

Perpetual Ltd raised its holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,135 shares of the insurance provider’s stock after purchasing an additional 10,135 shares during the quarter. Perpetual Ltd owned approximately 0.40% of James River Group worth $731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of JRVR. JPMorgan Chase & Co. raised its stake in shares of James River Group by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 195,791 shares of the insurance provider’s stock worth $1,228,000 after acquiring an additional 3,433 shares during the last quarter. Empowered Funds LLC raised its position in James River Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 112,641 shares of the insurance provider’s stock worth $706,000 after purchasing an additional 5,628 shares during the last quarter. Sei Investments Co. acquired a new position in James River Group during the 2nd quarter worth $83,000. SG Americas Securities LLC bought a new position in James River Group in the 3rd quarter valued at $69,000. Finally, Los Angeles Capital Management LLC increased its stake in shares of James River Group by 36.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 41,976 shares of the insurance provider’s stock valued at $263,000 after buying an additional 11,106 shares during the period. Institutional investors and hedge funds own 95.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities cut their price target on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a research note on Friday, December 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.

James River Group Price Performance

JRVR opened at $4.86 on Thursday. The company has a fifty day moving average price of $4.67 and a two-hundred day moving average price of $6.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $183.85 million, a PE ratio of -1.20 and a beta of 0.06. James River Group Holdings, Ltd. has a 52 week low of $4.35 and a 52 week high of $11.49.

James River Group (NASDAQ:JRVR) last released its quarterly earnings data on Monday, November 11th. The insurance provider reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.89). The company had revenue of $191.50 million during the quarter, compared to the consensus estimate of $137.28 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 EPS. As a group, analysts anticipate that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current year.

James River Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.82%. The ex-dividend date was Monday, December 16th. James River Group’s payout ratio is presently -0.99%.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.