James River Group Holdings, Ltd. (NASDAQ:JRVR) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its position in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 9.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,111,291 shares of the insurance provider’s stock after purchasing an additional 93,348 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in James River Group were worth $5,412,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JRVR. Cantor Fitzgerald L. P. acquired a new stake in shares of James River Group in the fourth quarter valued at $429,000. BNP Paribas Financial Markets grew its stake in shares of James River Group by 84.9% in the 4th quarter. BNP Paribas Financial Markets now owns 31,843 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 14,624 shares during the last quarter. Northern Trust Corp raised its holdings in shares of James River Group by 16.3% in the 4th quarter. Northern Trust Corp now owns 306,468 shares of the insurance provider’s stock worth $1,492,000 after purchasing an additional 42,841 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in James River Group during the fourth quarter valued at approximately $41,000. Finally, RBF Capital LLC boosted its holdings in James River Group by 3.7% during the fourth quarter. RBF Capital LLC now owns 1,113,149 shares of the insurance provider’s stock worth $5,421,000 after buying an additional 39,321 shares in the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

James River Group Trading Up 1.7%

NASDAQ:JRVR opened at $4.82 on Friday. The stock has a market cap of $221.20 million, a PE ratio of -1.19 and a beta of 0.02. James River Group Holdings, Ltd. has a fifty-two week low of $3.00 and a fifty-two week high of $8.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The stock’s 50-day moving average is $4.34 and its two-hundred day moving average is $4.66.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, May 5th. The insurance provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The company had revenue of $172.29 million for the quarter, compared to analysts’ expectations of $184.15 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. As a group, equities research analysts forecast that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.

James River Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, June 9th. James River Group’s dividend payout ratio (DPR) is presently -1.29%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JRVR. Keefe, Bruyette & Woods reduced their price objective on James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. Citigroup reiterated a “hold” rating on shares of James River Group in a research report on Tuesday, March 11th. Compass Point cut their price objective on James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a report on Monday, March 10th. StockNews.com raised shares of James River Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 7th. Finally, JMP Securities restated a “market outperform” rating and set a $8.00 price target on shares of James River Group in a report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, James River Group currently has a consensus rating of “Hold” and a consensus price target of $6.06.

James River Group Profile

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.