New York State Teachers Retirement System Cuts Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

New York State Teachers Retirement System lessened its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 83.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,636 shares of the insurance provider’s stock after selling 18,560 shares during the quarter. New York State Teachers Retirement System’s holdings in James River Group were worth $34,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in James River Group by 0.4% during the 3rd quarter. BlackRock Inc. now owns 5,471,279 shares of the insurance provider’s stock valued at $124,799,000 after acquiring an additional 19,789 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in James River Group by 8.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,583,161 shares of the insurance provider’s stock valued at $74,924,000 after acquiring an additional 274,337 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of James River Group by 3.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,325,366 shares of the insurance provider’s stock worth $82,403,000 after purchasing an additional 113,805 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of James River Group by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 2,539,486 shares of the insurance provider’s stock worth $62,827,000 after purchasing an additional 98,880 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of James River Group by 20.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,997,793 shares of the insurance provider’s stock worth $30,666,000 after purchasing an additional 342,090 shares during the last quarter. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of James River Group from $11.00 to $9.00 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. Compass Point raised shares of James River Group from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Friday, March 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price target on shares of James River Group in a research note on Monday, April 15th. Truist Financial decreased their price target on shares of James River Group from $15.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, March 1st. Finally, UBS Group decreased their price target on shares of James River Group from $34.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.33.

James River Group Trading Up 1.4 %

NASDAQ JRVR opened at $9.34 on Friday. James River Group Holdings, Ltd. has a one year low of $6.35 and a one year high of $22.15. The company’s 50 day moving average price is $9.18 and its 200 day moving average price is $10.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market capitalization of $351.74 million, a price-to-earnings ratio of -4.13 and a beta of 0.18.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Wednesday, February 28th. The insurance provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.10). The business had revenue of $218.10 million during the quarter, compared to analysts’ expectations of $216.80 million. James River Group had a negative net margin of 10.80% and a positive return on equity of 13.75%. On average, sell-side analysts predict that James River Group Holdings, Ltd. will post 1.75 EPS for the current year.

James River Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 11th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.14%. James River Group’s dividend payout ratio is currently -8.85%.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.