Alliancebernstein L.P. Decreases Stock Holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Alliancebernstein L.P. lowered its holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 3.8% during the 4th quarter, Holdings Channel reports. The firm owned 62,750 shares of the insurance provider’s stock after selling 2,450 shares during the period. Alliancebernstein L.P.’s holdings in James River Group were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC increased its holdings in James River Group by 39.5% during the third quarter. Jane Street Group LLC now owns 90,838 shares of the insurance provider’s stock worth $570,000 after buying an additional 25,738 shares during the last quarter. Barclays PLC increased its stake in shares of James River Group by 288.2% during the 3rd quarter. Barclays PLC now owns 43,940 shares of the insurance provider’s stock worth $275,000 after purchasing an additional 32,621 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of James River Group by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,791 shares of the insurance provider’s stock worth $1,228,000 after purchasing an additional 3,433 shares during the period. Perpetual Ltd lifted its stake in James River Group by 7.2% in the fourth quarter. Perpetual Ltd now owns 150,135 shares of the insurance provider’s stock valued at $731,000 after purchasing an additional 10,135 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in James River Group by 41.6% during the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 4,586 shares during the period. Institutional investors own 95.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on JRVR. Citigroup reaffirmed a “hold” rating on shares of James River Group in a research report on Tuesday, March 11th. Keefe, Bruyette & Woods cut their target price on shares of James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, March 13th. StockNews.com lowered shares of James River Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Compass Point cut their price objective on shares of James River Group from $7.75 to $6.25 and set a “buy” rating for the company in a report on Monday, March 10th. Finally, Truist Financial lowered their target price on shares of James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.06.

James River Group Price Performance

Shares of NASDAQ:JRVR opened at $4.14 on Tuesday. The company has a 50 day moving average of $4.28 and a 200 day moving average of $4.89. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The stock has a market cap of $188.97 million, a P/E ratio of -1.02 and a beta of 0.04. James River Group Holdings, Ltd. has a 12 month low of $3.00 and a 12 month high of $9.56.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.66). The firm had revenue of $126.71 million for the quarter, compared to analysts’ expectations of $159.91 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. During the same quarter last year, the firm earned $0.33 earnings per share. As a group, sell-side analysts forecast that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $0.01 per share. The ex-dividend date was Monday, March 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.97%. James River Group’s dividend payout ratio (DPR) is presently -1.38%.

James River Group Profile

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.