308,460 Shares in James River Group Holdings, Ltd. $JRVR Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new position in James River Group Holdings, Ltd. (NASDAQ:JRVR) in the fourth quarter, Holdings Channel.com reports. The firm bought 308,460 shares of the insurance provider’s stock, valued at approximately $1,962,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JRVR. Jane Street Group LLC raised its stake in James River Group by 13.0% in the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock worth $106,000 after acquiring an additional 2,918 shares during the last quarter. Geode Capital Management LLC raised its stake in James River Group by 10.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock worth $5,875,000 after acquiring an additional 95,351 shares during the last quarter. Invesco Ltd. raised its stake in James River Group by 7.6% in the 2nd quarter. Invesco Ltd. now owns 298,243 shares of the insurance provider’s stock worth $1,748,000 after acquiring an additional 20,954 shares during the last quarter. First Trust Advisors LP raised its stake in James River Group by 26.2% in the 2nd quarter. First Trust Advisors LP now owns 148,153 shares of the insurance provider’s stock worth $868,000 after acquiring an additional 30,802 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in James River Group in the 2nd quarter worth $61,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on JRVR. Wall Street Zen lowered James River Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citizens Jmp restated a “market perform” rating on shares of James River Group in a research note on Tuesday, May 5th. Citigroup lowered James River Group from a “hold” rating to a “market perform” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered James River Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Finally, Truist Financial increased their price target on James River Group from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $6.44.

James River Group Price Performance

Shares of JRVR opened at $3.91 on Monday. The business’s 50-day moving average is $5.46 and its two-hundred day moving average is $6.07. The company has a market capitalization of $180.80 million, a P/E ratio of 11.50 and a beta of -0.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.64. James River Group Holdings, Ltd. has a fifty-two week low of $3.76 and a fifty-two week high of $7.20.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.15). The company had revenue of $151.38 million for the quarter, compared to analyst estimates of $155.07 million. James River Group had a return on equity of 10.79% and a net margin of 4.34%. Research analysts predict that James River Group Holdings, Ltd. will post 0.8 earnings per share for the current year.

James River Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 8th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 8th. James River Group’s dividend payout ratio (DPR) is currently 11.76%.

James River Group Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.