James River Group Holdings, Ltd. (JRVR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 9.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 152,178 shares of the insurance provider’s stock after buying an additional 13,762 shares during the period. Geode Capital Management LLC owned approximately 0.52% of James River Group Holdings worth $6,522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in James River Group Holdings by 11.6% in the fourth quarter. State Street Corp now owns 255,168 shares of the insurance provider’s stock valued at $10,602,000 after buying an additional 26,549 shares in the last quarter. JPMorgan Chase & Co. raised its stake in James River Group Holdings by 56.4% in the first quarter. JPMorgan Chase & Co. now owns 39,179 shares of the insurance provider’s stock valued at $1,679,000 after buying an additional 14,124 shares in the last quarter. Trexquant Investment LP raised its stake in James River Group Holdings by 181.0% in the first quarter. Trexquant Investment LP now owns 21,457 shares of the insurance provider’s stock valued at $920,000 after buying an additional 13,822 shares in the last quarter. Redwood Investments LLC raised its stake in James River Group Holdings by 0.5% in the first quarter. Redwood Investments LLC now owns 228,492 shares of the insurance provider’s stock valued at $9,793,000 after buying an additional 1,102 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in James River Group Holdings by 1.1% in the first quarter. Envestnet Asset Management Inc. now owns 21,543 shares of the insurance provider’s stock valued at $923,000 after buying an additional 242 shares in the last quarter. 95.97% of the stock is owned by hedge funds and other institutional investors.

James River Group Holdings, Ltd. (NASDAQ:JRVR) opened at 40.26 on Friday. The stock’s 50 day moving average price is $39.87 and its 200-day moving average price is $40.92. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 15.16 and a beta of 0.55. James River Group Holdings, Ltd. has a 52 week low of $33.96 and a 52 week high of $46.20.

James River Group Holdings (NASDAQ:JRVR) last announced its earnings results on Tuesday, August 1st. The insurance provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.04. James River Group Holdings had a return on equity of 10.80% and a net margin of 11.45%. The business had revenue of $202.40 million during the quarter, compared to analysts’ expectations of $169.83 million. During the same quarter in the previous year, the firm earned $0.46 EPS. James River Group Holdings’s quarterly revenue was up 50.5% on a year-over-year basis. On average, equities research analysts forecast that James River Group Holdings, Ltd. will post $2.50 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 11th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $1.20 annualized dividend and a yield of 2.98%. James River Group Holdings’s payout ratio is 45.28%.

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Several analysts have issued reports on JRVR shares. Zacks Investment Research upgraded James River Group Holdings from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Tuesday, May 9th. BidaskClub upgraded James River Group Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 price objective on shares of James River Group Holdings in a research note on Friday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. James River Group Holdings presently has a consensus rating of “Hold” and a consensus price target of $45.25.

In related news, Director Bryan Martin sold 4,250,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $39.41, for a total value of $167,492,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 41.00% of the stock is currently owned by corporate insiders.

James River Group Holdings Company Profile

James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers commercial excess and surplus lines liability and excess property insurance products.

Institutional Ownership by Quarter for James River Group Holdings (NASDAQ:JRVR)

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