James River Group Holdings, Ltd. (NASDAQ:JRVR) CEO Steven J. Hartman Sells 19,736 Shares

James River Group Holdings, Ltd. (NASDAQ:JRVR) CEO Steven J. Hartman sold 19,736 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $39.42, for a total value of $777,993.12. Following the transaction, the chief executive officer now owns 70,315 shares of the company’s stock, valued at $2,771,817.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of James River Group Holdings, Ltd. (NASDAQ JRVR) traded up 0.20% on Friday, reaching $40.36. The company’s stock had a trading volume of 544,191 shares. The stock has a 50-day moving average of $39.83 and a 200 day moving average of $40.61. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.20 and a beta of 0.56. James River Group Holdings, Ltd. has a 52 week low of $33.96 and a 52 week high of $46.20.

James River Group Holdings (NASDAQ:JRVR) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.04). James River Group Holdings had a net margin of 11.45% and a return on equity of 10.80%. The business had revenue of $202.40 million for the quarter, compared to analyst estimates of $169.83 million. During the same period in the prior year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was up 50.5% on a year-over-year basis. On average, analysts expect that James River Group Holdings, Ltd. will post $2.50 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 dividend on an annualized basis and a yield of 2.97%. James River Group Holdings’s dividend payout ratio is 45.28%.

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JRVR has been the subject of a number of recent research reports. Zacks Investment Research downgraded James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. ValuEngine downgraded James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reiterated 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. Finally, BidaskClub lowered James River Group Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. James River Group Holdings presently has an average rating of “Hold” and a consensus target price of $45.25.

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in James River Group Holdings during the 2nd quarter valued at $124,000. Advisor Group Inc. increased its holdings in James River Group Holdings by 11.0% during the 2nd quarter. Advisor Group Inc. now owns 3,937 shares of the insurance provider’s stock valued at $156,000 after purchasing an additional 391 shares in the last quarter. Legal & General Group Plc increased its holdings in James River Group Holdings by 21.4% during the 2nd quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock valued at $169,000 after purchasing an additional 748 shares in the last quarter. Bank of Montreal Can acquired a new stake in James River Group Holdings during the 2nd quarter valued at $203,000. Finally, Creative Planning increased its stake in shares of James River Group Holdings by 3,123.3% in the 1st quarter. Creative Planning now owns 4,835 shares of the insurance provider’s stock valued at $207,000 after buying an additional 4,685 shares during the period. 92.72% of the stock is owned by hedge funds and other institutional investors.

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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