Thompson Siegel & Walmsley LLC Buys 10,000 Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR)

Thompson Siegel & Walmsley LLC lifted its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,000 shares of the insurance provider’s stock after acquiring an additional 10,000 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.40% of James River Group worth $730,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of James River Group by 41.6% during the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock worth $76,000 after acquiring an additional 4,586 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of James River Group during the 4th quarter worth about $84,000. Quantinno Capital Management LP bought a new stake in shares of James River Group during the 3rd quarter worth about $122,000. BBR Partners LLC bought a new stake in shares of James River Group during the 3rd quarter worth about $219,000. Finally, Ieq Capital LLC bought a new stake in shares of James River Group during the 4th quarter worth about $197,000. Institutional investors own 95.21% of the company’s stock.

James River Group Price Performance

Shares of JRVR stock opened at $4.01 on Friday. The stock has a 50 day moving average of $4.65 and a two-hundred day moving average of $5.41. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. James River Group Holdings, Ltd. has a 12 month low of $3.00 and a 12 month high of $9.56. The company has a market capitalization of $183.03 million, a P/E ratio of -0.99 and a beta of 0.04.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, March 3rd. The insurance provider reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.66). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The firm had revenue of $126.71 million during the quarter, compared to the consensus estimate of $159.91 million. During the same quarter in the prior year, the business posted $0.33 EPS. As a group, equities analysts expect that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.00%. James River Group’s dividend payout ratio is currently -1.38%.

Analysts Set New Price Targets

Several brokerages recently weighed in on JRVR. StockNews.com downgraded James River Group from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. Compass Point decreased their target price on James River Group from $7.75 to $6.25 and set a “buy” rating for the company in a research note on Monday, March 10th. Keefe, Bruyette & Woods decreased their target price on James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday. JMP Securities decreased their target price on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research note on Friday, December 20th. Finally, Citigroup restated a “hold” rating on shares of James River Group in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.06.

James River Group Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.