Russell Investments Group Ltd. increased its stake in shares of James River Group Holdings Ltd (NASDAQ:JRVR) by 2.2% in the third quarter, Holdings Channel reports. The institutional investor owned 389,534 shares of the insurance provider’s stock after buying an additional 8,212 shares during the quarter. Russell Investments Group Ltd.’s holdings in James River Group were worth $16,598,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. United Services Automobile Association lifted its stake in James River Group by 2.3% during the 2nd quarter. United Services Automobile Association now owns 116,788 shares of the insurance provider’s stock valued at $4,589,000 after acquiring an additional 2,666 shares during the period. Northern Trust Corp lifted its stake in James River Group by 9.6% during the 2nd quarter. Northern Trust Corp now owns 335,869 shares of the insurance provider’s stock valued at $13,197,000 after acquiring an additional 29,435 shares during the period. Bank of New York Mellon Corp lifted its stake in James River Group by 11.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 319,152 shares of the insurance provider’s stock valued at $12,539,000 after acquiring an additional 32,122 shares during the period. Jane Street Group LLC bought a new position in James River Group during the 2nd quarter valued at about $3,535,000. Finally, Granahan Investment Management Inc. MA lifted its stake in James River Group by 1.5% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 92,761 shares of the insurance provider’s stock valued at $3,645,000 after acquiring an additional 1,375 shares during the period. Institutional investors and hedge funds own 98.58% of the company’s stock.

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $46.00 price target on shares of James River Group in a research report on Friday, August 3rd. BidaskClub raised shares of James River Group from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Zacks Investment Research raised shares of James River Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Thursday, August 9th. ValuEngine raised shares of James River Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Finally, B. Riley upped their price target on shares of James River Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.25.

NASDAQ JRVR opened at $37.46 on Friday. James River Group Holdings Ltd has a 52 week low of $32.17 and a 52 week high of $43.47. The stock has a market cap of $1.19 billion, a PE ratio of 23.86 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.14.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Thursday, November 8th. The insurance provider reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.05. James River Group had a net margin of 5.90% and a return on equity of 8.35%. The firm had revenue of $224.69 million during the quarter, compared to analyst estimates of $224.90 million. Sell-side analysts forecast that James River Group Holdings Ltd will post 2.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, December 13th. James River Group’s payout ratio is currently 76.43%.

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James River Group Company 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 property and liability insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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

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