Thompson Siegel & Walmsley LLC Boosts Stake in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Thompson Siegel & Walmsley LLC lifted its position in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 33.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,000 shares of the insurance provider’s stock after purchasing an additional 35,000 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.37% of James River Group worth $878,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JRVR. Levin Capital Strategies L.P. acquired a new stake in shares of James River Group in the first quarter valued at approximately $93,000. Sei Investments Co. purchased a new position in James River Group during the 2nd quarter worth $83,000. SG Americas Securities LLC acquired a new position in James River Group in the third quarter valued at $69,000. Simplicity Wealth LLC purchased a new stake in shares of James River Group in the second quarter valued at about $93,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of James River Group during the first quarter worth about $172,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JRVR. Truist Financial dropped their price target on James River Group from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. JMP Securities cut their price target on James River Group from $14.00 to $11.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 6th. Finally, Compass Point lowered their price objective on shares of James River Group from $12.50 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, James River Group presently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

James River Group Stock Performance

NASDAQ JRVR opened at $4.45 on Friday. The stock has a market capitalization of $168.34 million, a price-to-earnings ratio of -1.10 and a beta of 0.17. The business’s 50 day moving average is $6.19 and its two-hundred day moving average is $7.13. James River Group Holdings, Ltd. has a 12-month low of $4.37 and a 12-month high of $11.49. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38.

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

James River Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.01 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.90%. James River Group’s dividend payout ratio is presently -0.99%.

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.