TFS Capital LLC Purchases 2,068 Shares of James River Group Holdings Ltd (JRVR)

TFS Capital LLC increased its position in James River Group Holdings Ltd (NASDAQ:JRVR) by 28.8% during the first quarter, Holdings Channel reports. The institutional investor owned 9,258 shares of the insurance provider’s stock after buying an additional 2,068 shares during the period. TFS Capital LLC’s holdings in James River Group Holdings were worth $397,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. RK Capital Management LLC bought a new stake in shares of James River Group Holdings during the fourth quarter worth approximately $9,388,000. Dimensional Fund Advisors LP boosted its stake in shares of James River Group Holdings by 118.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 197,699 shares of the insurance provider’s stock worth $8,214,000 after buying an additional 107,153 shares in the last quarter. Lomas Capital Management LLC bought a new stake in shares of James River Group Holdings during the third quarter worth approximately $3,683,000. American Century Companies Inc. boosted its stake in shares of James River Group Holdings by 20.7% in the first quarter. American Century Companies Inc. now owns 487,211 shares of the insurance provider’s stock worth $20,882,000 after buying an additional 83,588 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of James River Group Holdings by 5.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,465,624 shares of the insurance provider’s stock worth $60,897,000 after buying an additional 81,268 shares in the last quarter. 97.30% of the stock is currently owned by hedge funds and other institutional investors.

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

James River Group Holdings Ltd (NASDAQ:JRVR) traded down 0.45% during trading on Friday, reaching $39.96. The company had a trading volume of 61,423 shares. The stock has a market capitalization of $1.17 billion, a P/E ratio of 14.98 and a beta of 0.54. The stock has a 50 day moving average of $41.79 and a 200-day moving average of $40.90. James River Group Holdings Ltd has a 12-month low of $30.76 and a 12-month high of $46.20.

James River Group Holdings (NASDAQ:JRVR) last announced its earnings results on Wednesday, May 3rd. The insurance provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $176.40 million during the quarter, compared to the consensus estimate of $154.06 million. James River Group Holdings had a net margin of 11.34% and a return on equity of 9.22%. James River Group Holdings’s revenue was up 34.3% compared to the same quarter last year. During the same period last year, the firm earned $0.43 earnings per share. On average, analysts forecast that James River Group Holdings Ltd will post $2.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Monday, June 12th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $1.20 annualized dividend and a yield of 2.99%. James River Group Holdings’s dividend payout ratio (DPR) is 58.25%.

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JRVR has been the topic of a number of analyst reports. Zacks Investment Research cut James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. BMO Capital Markets boosted their price target on James River Group Holdings to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $44.75.

James River Group Holdings Company 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.

5 Day Chart for NASDAQ:JRVR

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