American Century Companies Inc. reduced its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 493,461 shares of the insurance provider’s stock after selling 14,712 shares during the quarter. American Century Companies Inc. owned 1.67% of James River Group Holdings worth $20,469,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in James River Group Holdings during the 2nd quarter valued at $124,000. Advisor Group Inc. raised its stake in James River Group Holdings by 11.0% during the 2nd quarter. Advisor Group Inc. now owns 3,937 shares of the insurance provider’s stock valued at $156,000 after purchasing an additional 391 shares during the period. Legal & General Group Plc raised its stake in James River Group Holdings by 21.4% during the 2nd quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock valued at $169,000 after purchasing an additional 748 shares during the period. Bank of Montreal Can acquired a new stake in James River Group Holdings during the 2nd quarter valued at $203,000. Finally, QS Investors LLC acquired a new stake in James River Group Holdings during the 2nd quarter valued at $236,000. 94.48% of the stock is currently owned by institutional investors.

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) opened at $37.75 on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.12. James River Group Holdings, Ltd. has a fifty-two week low of $37.28 and a fifty-two week high of $46.20. The stock has a market cap of $1,132.35, a PE ratio of 17.38 and a beta of 0.56.

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

The company 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 dividend on an annualized basis and a yield of 8.48%. This is a boost from James River Group Holdings’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, December 14th. James River Group Holdings’s dividend payout ratio is 52.63%.

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In other news, Chairman J Adam Abram sold 400,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $38.10, for a total transaction of $15,240,000.00. Following the completion of the transaction, the chairman now owns 368,247 shares of the company’s stock, valued at $14,030,210.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven J. Hartman sold 5,264 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $38.91, for a total transaction of $204,822.24. Following the transaction, the chief executive officer now directly owns 55,843 shares of the company’s stock, valued at approximately $2,172,851.13. The disclosure for this sale can be found here. Insiders have sold 3,025,000 shares of company stock valued at $115,282,815 over the last 90 days. Corporate insiders own 41.00% of the company’s stock.

Several research firms have recently commented on JRVR. Zacks Investment Research cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a report on Friday, October 20th. JMP Securities started coverage on shares of James River Group Holdings in a report on Tuesday, October 17th. They issued an “outperform” rating and a $47.00 price objective for the company. B. Riley reiterated a “buy” rating on shares of James River Group Holdings in a report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $42.00 price objective on shares of James River Group Holdings in a report on Friday, August 18th. Finally, BidaskClub cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.00.

James River Group Holdings 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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