Rhumbline Advisers Purchases 4,185 Shares of James River Group Holdings Ltd (NASDAQ:JRVR)

Rhumbline Advisers grew its position in James River Group Holdings Ltd (NASDAQ:JRVR) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,627 shares of the insurance provider’s stock after acquiring an additional 4,185 shares during the quarter. Rhumbline Advisers owned 0.29% of James River Group worth $4,541,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in JRVR. Invesco Ltd. lifted its position in shares of James River Group by 668.2% in the 2nd quarter. Invesco Ltd. now owns 817,575 shares of the insurance provider’s stock worth $38,345,000 after acquiring an additional 711,141 shares during the period. Nuveen Asset Management LLC bought a new position in shares of James River Group during the 2nd quarter worth approximately $13,870,000. BlackRock Inc. lifted its position in shares of James River Group by 3.2% during the 2nd quarter. BlackRock Inc. now owns 4,429,582 shares of the insurance provider’s stock worth $207,749,000 after buying an additional 137,561 shares during the period. Allianz Asset Management GmbH lifted its position in shares of James River Group by 315.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 155,358 shares of the insurance provider’s stock worth $7,287,000 after buying an additional 117,980 shares during the period. Finally, Citadel Advisors LLC lifted its position in shares of James River Group by 135.4% during the 2nd quarter. Citadel Advisors LLC now owns 90,802 shares of the insurance provider’s stock worth $4,258,000 after buying an additional 52,229 shares during the period. Institutional investors own 96.44% of the company’s stock.

JRVR has been the subject of several analyst reports. B. Riley downgraded James River Group from a “neutral” rating to a “sell” rating and cut their target price for the stock from $45.00 to $40.00 in a research report on Wednesday, October 9th. SunTrust Banks downgraded James River Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $55.00 to $40.00 in a research report on Wednesday, October 9th. ValuEngine upgraded James River Group from a “hold” rating to a “buy” rating in a research report on Friday, October 11th. Zacks Investment Research downgraded James River Group from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 12th. Finally, BidaskClub downgraded James River Group from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.00.

James River Group stock opened at $34.95 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $1.08 billion, a PE ratio of 13.78 and a beta of 0.44. James River Group Holdings Ltd has a one year low of $34.08 and a one year high of $52.18. The business has a 50 day simple moving average of $41.88 and a 200 day simple moving average of $45.55.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Wednesday, November 6th. The insurance provider reported ($0.73) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.97) by $0.24. James River Group had a return on equity of 10.62% and a net margin of 8.50%. The firm had revenue of $231.47 million during the quarter, compared to analysts’ expectations of $227.50 million. Equities analysts anticipate that James River Group Holdings Ltd will post 1.08 earnings per share for the current fiscal year.

James River Group Company 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 liability and property 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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