Cantor Fitzgerald L. P. Has $2.41 Million Position in James River Group Holdings, Ltd. $JRVR

Cantor Fitzgerald L. P. lifted its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 37.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 434,657 shares of the insurance provider’s stock after purchasing an additional 118,657 shares during the quarter. Cantor Fitzgerald L. P. owned 0.95% of James River Group worth $2,412,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in James River Group in the third quarter valued at approximately $60,000. Cerity Partners LLC acquired a new position in shares of James River Group during the second quarter worth $61,000. BNP Paribas Financial Markets increased its holdings in shares of James River Group by 43.0% during the second quarter. BNP Paribas Financial Markets now owns 13,211 shares of the insurance provider’s stock worth $77,000 after buying an additional 3,971 shares in the last quarter. Sowell Financial Services LLC lifted its stake in shares of James River Group by 15.4% in the 3rd quarter. Sowell Financial Services LLC now owns 15,000 shares of the insurance provider’s stock valued at $83,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of James River Group in the 2nd quarter valued at $99,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Compass Point lowered James River Group from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research report on Tuesday, December 16th. Wall Street Zen upgraded James River Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Raymond James Financial set a $7.00 price target on James River Group in a research note on Tuesday, December 16th. Truist Financial boosted their price target on James River Group from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings raised James River Group from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.25.

James River Group Stock Performance

NASDAQ JRVR opened at $6.39 on Friday. The company has a market capitalization of $293.75 million, a price-to-earnings ratio of 8.75 and a beta of -0.06. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.42. James River Group Holdings, Ltd. has a twelve month low of $3.85 and a twelve month high of $7.20. The stock has a fifty day simple moving average of $6.66 and a 200 day simple moving average of $6.03.

James River Group (NASDAQ:JRVR) last announced its earnings results on Monday, March 2nd. The insurance provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). James River Group had a return on equity of 12.01% and a net margin of 6.90%.The company had revenue of $167.75 million for the quarter, compared to analyst estimates of $171.98 million. Sell-side analysts expect that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, March 13th. James River Group’s dividend payout ratio (DPR) is 5.48%.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.