James River Group Holdings Ltd (JRVR) Position Boosted by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC grew its stake in shares of James River Group Holdings Ltd (NASDAQ:JRVR) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,082 shares of the insurance provider’s stock after acquiring an additional 269 shares during the period. Stone Ridge Asset Management LLC’s holdings in James River Group were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Bank of Montreal Can raised its position in shares of James River Group by 88.9% in the fourth quarter. Bank of Montreal Can now owns 752 shares of the insurance provider’s stock valued at $28,000 after buying an additional 354 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of James River Group by 1,221.7% in the fourth quarter. Meeder Asset Management Inc. now owns 912 shares of the insurance provider’s stock valued at $33,000 after buying an additional 843 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of James River Group by 38.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 972 shares of the insurance provider’s stock valued at $35,000 after buying an additional 271 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of James River Group in the fourth quarter valued at approximately $89,000. Finally, Hsbc Holdings PLC raised its position in shares of James River Group by 11.7% in the fourth quarter. Hsbc Holdings PLC now owns 5,724 shares of the insurance provider’s stock valued at $209,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of James River Group from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Compass Point cut shares of James River Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $47.00 to $39.00 in a research note on Wednesday, April 3rd. ValuEngine cut shares of James River Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. B. Riley reissued a “neutral” rating on shares of James River Group in a research note on Friday, March 1st. Finally, Zacks Investment Research cut shares of James River Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 2nd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. James River Group presently has an average rating of “Hold” and an average target price of $39.75.

In other James River Group news, insider Michael E. Crow sold 7,019 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $40.69, for a total transaction of $285,603.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

NASDAQ:JRVR traded up $0.71 during mid-day trading on Wednesday, reaching $40.75. The stock had a trading volume of 78,300 shares, compared to its average volume of 121,303. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 17.49 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.33 and a quick ratio of 0.33. James River Group Holdings Ltd has a 12 month low of $34.08 and a 12 month high of $43.47.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Thursday, February 21st. The insurance provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.09). The firm had revenue of $214.52 million during the quarter, compared to the consensus estimate of $214.20 million. James River Group had a net margin of 7.21% and a return on equity of 10.15%. As a group, analysts anticipate that James River Group Holdings Ltd will post 2.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, March 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.94%. James River Group’s payout ratio is presently 51.50%.

COPYRIGHT VIOLATION WARNING: “James River Group Holdings Ltd (JRVR) Position Boosted by Stone Ridge Asset Management LLC” was published by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/04/24/james-river-group-holdings-ltd-jrvr-holdings-lifted-by-stone-ridge-asset-management-llc.html.

James River Group Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

Featured Story: What is Depreciation?

Institutional Ownership by Quarter for James River Group (NASDAQ:JRVR)

Receive News & Ratings for James River Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group and related companies with MarketBeat.com's FREE daily email newsletter.