Royce & Associates LP held its stake in shares of James River Group Holdings Ltd. (NASDAQ:JRVR) during the second quarter, Holdings Channel reports. The fund owned 9,006 shares of the company’s stock at the end of the second quarter. Royce & Associates LP’s holdings in James River Group Holdings were worth $306,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of JRVR. Frontier Capital Management Co. LLC raised its position in shares of James River Group Holdings by 13.1% in the second quarter. Frontier Capital Management Co. LLC now owns 1,420,675 shares of the company’s stock valued at $48,246,000 after buying an additional 164,432 shares during the last quarter. Granahan Investment Management Inc. MA raised its position in shares of James River Group Holdings by 217.1% in the first quarter. Granahan Investment Management Inc. MA now owns 214,700 shares of the company’s stock valued at $6,926,000 after buying an additional 147,000 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of James River Group Holdings by 922.4% in the first quarter. Panagora Asset Management Inc. now owns 109,096 shares of the company’s stock valued at $3,519,000 after buying an additional 98,425 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of James River Group Holdings by 29.4% in the second quarter. Hood River Capital Management LLC now owns 409,109 shares of the company’s stock valued at $13,893,000 after buying an additional 92,849 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of James River Group Holdings by 143.4% in the first quarter. Renaissance Technologies LLC now owns 137,300 shares of the company’s stock valued at $4,429,000 after buying an additional 80,900 shares during the last quarter. Hedge funds and other institutional investors own 95.77% of the company’s stock.

Shares of James River Group Holdings Ltd. (NASDAQ:JRVR) traded up 1.99% during midday trading on Thursday, hitting $35.94. The stock had a trading volume of 43,843 shares. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 18.09 and a beta of 0.58. James River Group Holdings Ltd. has a 52 week low of $25.86 and a 52 week high of $38.31. The stock has a 50 day moving average price of $35.75 and a 200-day moving average price of $33.56.

James River Group Holdings (NASDAQ:JRVR) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. James River Group Holdings had a return on equity of 9.00% and a net margin of 11.27%. The company had revenue of $134.51 million for the quarter, compared to analyst estimates of $146.28 million. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts anticipate that James River Group Holdings Ltd. will post $2.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 12th will be paid a $0.20 dividend. The ex-dividend date is Thursday, September 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.27%. James River Group Holdings’s dividend payout ratio is currently 40.20%.

JRVR has been the subject of a number of analyst reports. Zacks Investment Research lowered James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Keefe, Bruyette & Woods boosted their price objective on James River Group Holdings from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $40.00 target price (up previously from $38.00) on shares of James River Group Holdings in a research note on Tuesday, July 12th. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $38.75.

In other news, CEO Steven J. Hartman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $35.22, for a total value of $352,200.00. Following the sale, the chief executive officer now directly owns 34,453 shares in the company, valued at approximately $1,213,434.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 12.20% of the stock is owned by insiders.

James River Group Holdings Company Profile

James River Group Holdings, Ltd. is an insurance holding company. The Company owns and operates a group of specialty insurance and reinsurance companies. 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 excess and surplus commercial lines liability and property insurance.

5 Day Chart for NASDAQ:JRVR

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