James River Group Holdings Ltd (JRVR) Holdings Increased by Brinker Capital Inc.

Brinker Capital Inc. raised its position in shares of James River Group Holdings Ltd (NASDAQ:JRVR) by 27.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 25,772 shares of the insurance provider’s stock after acquiring an additional 5,573 shares during the period. Brinker Capital Inc.’s holdings in James River Group were worth $914,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in James River Group during the 1st quarter valued at $160,000. Two Sigma Securities LLC purchased a new position in shares of James River Group during the 4th quarter valued at $205,000. Oppenheimer & Co. Inc. purchased a new position in shares of James River Group during the 1st quarter valued at $300,000. New York State Teachers Retirement System purchased a new position in shares of James River Group during the 1st quarter valued at $344,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of James River Group during the 4th quarter valued at $346,000. 98.32% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on JRVR shares. Keefe, Bruyette & Woods upgraded shares of James River Group from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Thursday, March 15th. Zacks Investment Research cut shares of James River Group from a “hold” rating to a “sell” rating in a report on Saturday, May 5th. BidaskClub upgraded shares of James River Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. ValuEngine cut shares of James River Group from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Finally, SunTrust Banks lowered their price target on shares of James River Group to $44.00 and set a “buy” rating on the stock in a report on Monday, February 26th. Two 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. James River Group currently has a consensus rating of “Hold” and a consensus target price of $42.50.

In related news, insider E. Shaw Oculus Portfolios D. sold 3,297,238 shares of the company’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $36.00, for a total value of $118,700,568.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael T. Oakes sold 17,305 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $36.51, for a total transaction of $631,805.55. Following the completion of the sale, the director now owns 25,665 shares of the company’s stock, valued at $937,029.15. The disclosure for this sale can be found here. Insiders sold 3,362,238 shares of company stock valued at $121,049,413 over the last quarter. 15.00% of the stock is currently owned by corporate insiders.

James River Group stock opened at $37.93 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.27 and a current ratio of 0.27. James River Group Holdings Ltd has a 12 month low of $32.17 and a 12 month high of $44.34. The firm has a market cap of $1.11 billion, a PE ratio of 24.29 and a beta of 0.46.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Thursday, May 3rd. The insurance provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. James River Group had a net margin of 4.74% and a return on equity of 6.56%. The business had revenue of $218.34 million for the quarter, compared to analysts’ expectations of $214.55 million. equities analysts expect that James River Group Holdings Ltd will post 2.28 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Monday, June 11th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Friday, June 8th. James River Group’s dividend payout ratio is presently 76.43%.

James River Group Profile

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 property and liability 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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