Investment Counselors of Maryland LLC grew its position in shares of James River Group Holdings Ltd (NASDAQ:JRVR) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 522,574 shares of the insurance provider’s stock after acquiring an additional 4,191 shares during the period. James River Group comprises 1.1% of Investment Counselors of Maryland LLC’s portfolio, making the stock its 22nd largest position. Investment Counselors of Maryland LLC owned 1.73% of James River Group worth $24,509,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Icon Wealth Partners LLC purchased a new position in shares of James River Group during the first quarter valued at about $42,000. Aperio Group LLC purchased a new position in shares of James River Group during the second quarter valued at about $191,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of James River Group during the first quarter valued at about $207,000. Everence Capital Management Inc. purchased a new position in shares of James River Group during the second quarter valued at about $213,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of James River Group by 586.8% during the first quarter. BNP Paribas Arbitrage SA now owns 5,426 shares of the insurance provider’s stock valued at $217,000 after buying an additional 4,636 shares during the period. 94.57% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on JRVR. B. Riley set a $45.00 price target on shares of James River Group and gave the company a “hold” rating in a research report on Wednesday, August 7th. ValuEngine cut shares of James River Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub upgraded shares of James River Group from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, Zacks Investment Research upgraded shares of James River Group from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. James River Group has an average rating of “Hold” and a consensus price target of $43.75.

JRVR traded down $0.09 during midday trading on Wednesday, reaching $49.21. The company’s stock had a trading volume of 1,445 shares, compared to its average volume of 149,572. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 21.14 and a beta of 0.50. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.12. James River Group Holdings Ltd has a 1 year low of $34.08 and a 1 year high of $50.69. The stock’s 50-day moving average is $47.94 and its 200-day moving average is $43.65.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.02. The business had revenue of $220.37 million for the quarter, compared to analysts’ expectations of $218.10 million. James River Group had a net margin of 8.50% and a return on equity of 10.62%. As a group, equities research analysts forecast that James River Group Holdings Ltd will post 2.67 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Friday, September 13th. James River Group’s dividend payout ratio (DPR) is presently 51.50%.

About James River Group

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.

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

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