James River Group Holdings, Ltd. $JRVR Shares Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC boosted its holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 70.2% during the second quarter, Holdings Channel.com reports. The fund owned 41,713 shares of the insurance provider’s stock after acquiring an additional 17,208 shares during the period. FNY Investment Advisers LLC’s holdings in James River Group were worth $244,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Deutsche Bank AG acquired a new stake in shares of James River Group during the 1st quarter worth about $25,000. Jane Street Group LLC boosted its stake in shares of James River Group by 13.0% during the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock worth $106,000 after purchasing an additional 2,918 shares during the last quarter. Interval Partners LP acquired a new stake in shares of James River Group during the 1st quarter worth about $275,000. Bank of New York Mellon Corp boosted its stake in shares of James River Group by 6.7% during the 1st quarter. Bank of New York Mellon Corp now owns 98,867 shares of the insurance provider’s stock worth $415,000 after purchasing an additional 6,206 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of James River Group during the 1st quarter worth about $455,000. 95.21% of the stock is owned by institutional investors and hedge funds.

James River Group Price Performance

JRVR opened at $5.29 on Thursday. The company’s 50 day simple moving average is $5.50 and its 200 day simple moving average is $5.37. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 0.63. James River Group Holdings, Ltd. has a 1 year low of $3.00 and a 1 year high of $7.07. The stock has a market capitalization of $242.92 million, a PE ratio of -1.67 and a beta of 0.01.

James River Group (NASDAQ:JRVR) last released its earnings results on Monday, August 4th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. James River Group had a negative net margin of 13.50% and a negative return on equity of 1.97%. The business had revenue of $152.61 million for the quarter, compared to analysts’ expectations of $176.46 million. As a group, sell-side analysts expect that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.01 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.04 annualized dividend and a yield of 0.8%. James River Group’s dividend payout ratio (DPR) is presently -1.27%.

Wall Street Analyst Weigh In

JRVR has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of James River Group in a research note on Tuesday, October 14th. Zacks Research cut shares of James River Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.06.

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.