James River Group Holdings, Ltd. $JRVR Shares Bought by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. raised its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 434.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,671,220 shares of the insurance provider’s stock after buying an additional 1,358,785 shares during the quarter. Donald Smith & CO. Inc.’s holdings in James River Group were worth $10,629,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Deutsche Bank AG acquired a new position in James River Group in the fourth quarter valued at about $181,000. Cerity Partners LLC lifted its position in shares of James River Group by 15.5% during the fourth quarter. Cerity Partners LLC now owns 15,388 shares of the insurance provider’s stock worth $98,000 after purchasing an additional 2,062 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of James River Group in the fourth quarter valued at approximately $1,962,000. Clearstead Advisors LLC boosted its stake in shares of James River Group by 173.9% in the fourth quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 4,909 shares during the period. Finally, Bronte Capital Management Pty Ltd. acquired a new position in shares of James River Group in the fourth quarter valued at approximately $786,000. Institutional investors and hedge funds own 95.21% of the company’s stock.

Wall Street Analysts Forecast Growth

JRVR has been the topic of several recent research reports. UBS Group downgraded shares of James River Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $8.00 to $4.75 in a research note on Tuesday, May 19th. Citigroup downgraded shares of James River Group from a “hold” rating to a “market perform” rating in a research note on Tuesday, May 5th. Citizens Jmp reaffirmed a “market perform” rating on shares of James River Group in a research note on Tuesday, May 5th. Zacks Research downgraded shares of James River Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, Truist Financial upped their target price on shares of James River Group from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $6.44.

James River Group Stock Up 5.3%

JRVR stock opened at $4.18 on Thursday. The company’s 50 day moving average price is $5.10 and its 200 day moving average price is $5.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.64. James River Group Holdings, Ltd. has a fifty-two week low of $3.76 and a fifty-two week high of $7.20. The firm has a market capitalization of $193.27 million, a price-to-earnings ratio of 12.29 and a beta of -0.16.

James River Group (NASDAQ:JRVR) last released its earnings results on Monday, May 4th. The insurance provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.15). James River Group had a return on equity of 10.79% and a net margin of 4.34%.The firm had revenue of $151.38 million for the quarter, compared to analysts’ expectations of $155.07 million. On average, equities research analysts anticipate that James River Group Holdings, Ltd. will post 0.8 EPS for the current fiscal year.

James River Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 8th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, June 8th. James River Group’s dividend payout ratio is currently 11.76%.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.