Cantor Fitzgerald L. P. Boosts Holdings in James River Group Holdings, Ltd. $JRVR

Cantor Fitzgerald L. P. lifted its holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 37.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 434,657 shares of the insurance provider’s stock after acquiring an additional 118,657 shares during the quarter. Cantor Fitzgerald L. P. owned 0.95% of James River Group worth $2,412,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Sowell Financial Services LLC raised its position in James River Group by 15.4% in the 3rd quarter. Sowell Financial Services LLC now owns 15,000 shares of the insurance provider’s stock worth $83,000 after purchasing an additional 2,000 shares during the period. CWM LLC boosted its position in James River Group by 13.8% during the third quarter. CWM LLC now owns 18,479 shares of the insurance provider’s stock valued at $103,000 after buying an additional 2,240 shares during the period. Ameriprise Financial Inc. boosted its position in James River Group by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 97,492 shares of the insurance provider’s stock valued at $571,000 after buying an additional 2,357 shares during the period. Jane Street Group LLC grew its stake in shares of James River Group by 13.0% during the first quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock valued at $106,000 after buying an additional 2,918 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of James River Group by 43.0% during the second quarter. BNP Paribas Financial Markets now owns 13,211 shares of the insurance provider’s stock valued at $77,000 after buying an additional 3,971 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on JRVR shares. Compass Point lowered James River Group from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a research note on Tuesday, December 16th. Wall Street Zen upgraded James River Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Truist Financial lifted their price target on James River Group from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings upgraded James River Group from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, March 5th. Finally, Raymond James Financial set a $7.00 price objective on James River Group in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.25.

James River Group Trading Down 2.0%

NASDAQ:JRVR opened at $6.41 on Thursday. The company has a 50-day moving average price of $6.68 and a 200-day moving average price of $6.05. The stock has a market cap of $294.67 million, a price-to-earnings ratio of 8.78 and a beta of -0.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.42. James River Group Holdings, Ltd. has a 12 month low of $3.85 and a 12 month high of $7.20.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings results on Monday, March 2nd. The insurance provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). James River Group had a net margin of 6.90% and a return on equity of 12.01%. The company had revenue of $167.75 million for the quarter, compared to analysts’ expectations of $171.98 million. Equities analysts predict that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, March 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.6%. James River Group’s dividend payout ratio is 5.48%.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.