James River Group Holdings, Ltd. $JRVR Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its position in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 45.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 448,860 shares of the insurance provider’s stock after buying an additional 140,400 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in James River Group were worth $2,828,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Clearstead Advisors LLC boosted its holdings in James River Group by 173.9% during the 4th quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 4,909 shares during the period. M&T Bank Corp purchased a new stake in James River Group during the fourth quarter worth about $65,000. Cerity Partners LLC acquired a new stake in shares of James River Group during the second quarter worth about $61,000. PharVision Advisers LLC acquired a new stake in shares of James River Group during the third quarter worth about $59,000. Finally, PFG Investments LLC purchased a new position in shares of James River Group in the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds own 95.21% of the company’s stock.

Wall Street Analysts Forecast Growth

JRVR has been the subject of a number of research reports. Citizens Jmp restated a “market perform” rating on shares of James River Group in a report on Tuesday, May 5th. Citigroup lowered shares of James River Group from a “hold” rating to a “market perform” rating in a report on Tuesday, May 5th. Wall Street Zen raised shares of James River Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Zacks Research upgraded shares of James River Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, UBS Group lowered James River Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $8.00 to $4.75 in a research report on Tuesday, May 19th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $6.44.

James River Group Stock Down 3.3%

Shares of NASDAQ:JRVR opened at $4.40 on Thursday. The firm’s 50 day moving average price is $4.18 and its 200 day moving average price is $5.65. The stock has a market cap of $203.46 million, a price-to-earnings ratio of 12.94 and a beta of -0.19. James River Group Holdings, Ltd. has a fifty-two week low of $3.76 and a fifty-two week high of $7.20. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.44.

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

James River Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 8th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, June 8th. James River Group’s payout ratio is 11.76%.

About James River Group

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.