James River Group Holdings, Ltd. (NASDAQ:JRVR)’s share price gapped down prior to trading on Friday . The stock had previously closed at $39.26, but opened at $38.92. James River Group Holdings shares last traded at $39.00, with a volume of 161015 shares traded.

A number of research firms recently commented on JRVR. JMP Securities began coverage on James River Group Holdings in a report on Tuesday, October 17th. They issued an “outperform” rating and a $47.00 price objective on the stock. BidaskClub upgraded James River Group Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. B. Riley restated a “buy” rating on shares of James River Group Holdings in a report on Monday, November 6th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 price objective on shares of James River Group Holdings in a report on Thursday, September 21st. Finally, Zacks Investment Research downgraded James River Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $47.00.

The firm has a market capitalization of $1,154.87, a price-to-earnings ratio of 17.73 and a beta of 0.56. The company has a quick ratio of 0.22, a current ratio of 0.25 and a debt-to-equity ratio of 0.12.

James River Group Holdings (NASDAQ:JRVR) last announced its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. James River Group Holdings had a return on equity of 9.36% and a net margin of 8.98%. The company had revenue of $220.87 million for the quarter, compared to the consensus estimate of $198.67 million. During the same quarter last year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 45.9% compared to the same quarter last year. analysts forecast that James River Group Holdings, Ltd. will post 2.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 8.21%. The ex-dividend date is Thursday, December 14th. This is an increase from James River Group Holdings’s previous quarterly dividend of $0.30. James River Group Holdings’s dividend payout ratio (DPR) is 52.63%.

In other James River Group Holdings news, CEO Steven J. Hartman sold 19,736 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $39.42, for a total transaction of $777,993.12. Following the transaction, the chief executive officer now owns 70,315 shares in the company, valued at $2,771,817.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Steven J. Hartman sold 5,264 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $38.91, for a total value of $204,822.24. Following the transaction, the chief executive officer now owns 55,843 shares in the company, valued at approximately $2,172,851.13. The disclosure for this sale can be found here. Company insiders own 41.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in JRVR. Goldman Sachs Group Inc. grew its holdings in James River Group Holdings by 4,472.7% during the second quarter. Goldman Sachs Group Inc. now owns 853,306 shares of the insurance provider’s stock valued at $33,902,000 after purchasing an additional 834,645 shares during the last quarter. Principal Financial Group Inc. grew its holdings in James River Group Holdings by 5,366.2% during the third quarter. Principal Financial Group Inc. now owns 722,473 shares of the insurance provider’s stock valued at $29,968,000 after purchasing an additional 709,256 shares during the last quarter. Citadel Advisors LLC grew its holdings in James River Group Holdings by 384.0% during the second quarter. Citadel Advisors LLC now owns 414,314 shares of the insurance provider’s stock valued at $16,461,000 after purchasing an additional 328,717 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in James River Group Holdings during the second quarter valued at approximately $9,123,000. Finally, Laurion Capital Management LP acquired a new position in James River Group Holdings during the second quarter valued at approximately $7,936,000. Institutional investors own 92.36% of the company’s stock.

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About James River Group Holdings

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.

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