BBR Partners LLC Acquires Shares of 35,000 James River Group Holdings, Ltd. (NASDAQ:JRVR)

BBR Partners LLC bought a new position in James River Group Holdings, Ltd. (NASDAQ:JRVR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,000 shares of the insurance provider’s stock, valued at approximately $219,000. BBR Partners LLC owned 0.09% of James River Group at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in James River Group during the 3rd quarter valued at $69,000. Sei Investments Co. purchased a new stake in shares of James River Group during the second quarter worth about $83,000. Simplicity Wealth LLC acquired a new position in shares of James River Group in the second quarter worth about $93,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of James River Group in the third quarter worth about $157,000. Finally, Pallas Capital Advisors LLC acquired a new stake in James River Group during the 2nd quarter valued at approximately $170,000. Institutional investors and hedge funds own 95.21% of the company’s stock.

Analysts Set New Price Targets

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

James River Group Stock Performance

James River Group stock opened at $4.71 on Thursday. The company has a market cap of $178.18 million, a PE ratio of -1.16 and a beta of 0.17. James River Group Holdings, Ltd. has a 12 month low of $4.35 and a 12 month high of $11.49. The company has a fifty day moving average price of $6.06 and a two-hundred day moving average price of $7.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, November 11th. The insurance provider reported ($0.74) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.89). James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The business had revenue of $191.50 million during the quarter, compared to analyst estimates of $137.28 million. During the same period last year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was down 8.9% on a year-over-year basis. Research analysts expect that James River Group Holdings, Ltd. will post -0.35 earnings per share 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 given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Monday, December 16th. James River Group’s payout ratio is -4.94%.

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.