James River Group Holdings, Ltd. (NASDAQ:JRVR) CEO Steven J. Hartman sold 5,264 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $38.91, for a total value of $204,822.24. Following the completion of the sale, the chief executive officer now directly owns 55,843 shares of the company’s stock, valued at $2,172,851.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of James River Group Holdings, Ltd. (JRVR) traded down 0.285% during mid-day trading on Friday, hitting $40.165. The stock had a trading volume of 58,284 shares. The company’s 50 day moving average is $39.80 and its 200-day moving average is $40.63. James River Group Holdings, Ltd. has a 52-week low of $33.96 and a 52-week high of $46.20. The stock has a market cap of $1.19 billion, a P/E ratio of 15.128 and a beta of 0.56.
James River Group Holdings (NASDAQ:JRVR) last released its earnings results on Tuesday, August 1st. The insurance provider reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.04). The firm had revenue of $202.40 million during the quarter, compared to analyst estimates of $169.83 million. James River Group Holdings had a return on equity of 10.80% and a net margin of 11.45%. The firm’s revenue was up 50.5% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. On average, equities research analysts anticipate that James River Group Holdings, Ltd. will post $2.50 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $1.20 annualized dividend and a yield of 2.98%. James River Group Holdings’s dividend payout ratio (DPR) is currently 45.28%.
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A number of equities analysts have recently commented on the company. ValuEngine lowered James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 price target on shares of James River Group Holdings in a research report on Friday, August 18th. BidaskClub downgraded James River Group Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded James River Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $45.25.
A number of large investors have recently bought and sold shares of JRVR. SG Americas Securities LLC purchased a new position in James River Group Holdings during the 2nd quarter valued at about $124,000. Advisor Group Inc. grew its holdings in shares of James River Group Holdings by 11.0% during the second quarter. Advisor Group Inc. now owns 3,937 shares of the insurance provider’s stock worth $156,000 after buying an additional 391 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of James River Group Holdings by 21.4% during the second quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock worth $169,000 after buying an additional 748 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of James River Group Holdings during the second quarter worth about $203,000. Finally, Creative Planning grew its holdings in shares of James River Group Holdings by 3,123.3% during the first quarter. Creative Planning now owns 4,835 shares of the insurance provider’s stock worth $207,000 after buying an additional 4,685 shares in the last quarter. Hedge funds and other institutional investors own 92.72% of the company’s stock.
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.
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