James River Group Holdings, Ltd. (NASDAQ:JRVR) – FBR & Co lowered their Q2 2017 EPS estimates for shares of James River Group Holdings in a research note issued on Tuesday. FBR & Co analyst R. Binner now expects that the insurance provider will earn $0.51 per share for the quarter, down from their prior estimate of $0.53.

Separately, Zacks Investment Research lowered shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $44.75.

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James River Group Holdings (NASDAQ:JRVR) opened at 40.05 on Wednesday. The stock has a market capitalization of $1.18 billion, a P/E ratio of 15.01 and a beta of 0.56. James River Group Holdings has a 52-week low of $33.04 and a 52-week high of $46.20. The company’s 50-day moving average price is $40.19 and its 200 day moving average price is $41.16.

James River Group Holdings (NASDAQ:JRVR) last released its earnings results on Wednesday, May 3rd. The insurance provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $176.40 million for the quarter, compared to the consensus estimate of $154.06 million. James River Group Holdings had a return on equity of 10.59% and a net margin of 12.69%. James River Group Holdings’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new position in shares of James River Group Holdings during the fourth quarter worth $1,024,000. State Street Corp raised its position in shares of James River Group Holdings by 11.6% in the fourth quarter. State Street Corp now owns 255,168 shares of the insurance provider’s stock worth $10,602,000 after buying an additional 26,549 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of James River Group Holdings by 118.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 197,699 shares of the insurance provider’s stock worth $8,214,000 after buying an additional 107,153 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of James River Group Holdings by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 118,400 shares of the insurance provider’s stock worth $4,920,000 after buying an additional 18,000 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new position in shares of James River Group Holdings during the fourth quarter worth $302,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Bryan Martin sold 4,250,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $39.41, for a total value of $167,492,500.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 41.00% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Monday, June 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Thursday, June 8th. James River Group Holdings’s dividend payout ratio is presently 45.11%.

About James River Group Holdings

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.

Earnings History and Estimates for James River Group Holdings (NASDAQ:JRVR)

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