Swiss National Bank Increases Holdings in James River Group Holdings, Ltd. (JRVR)

Swiss National Bank raised its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 29.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,099 shares of the insurance provider’s stock after buying an additional 8,400 shares during the period. Swiss National Bank owned about 0.13% of James River Group Holdings worth $1,474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of James River Group Holdings during the 2nd quarter valued at $124,000. Legal & General Group Plc grew its position in shares of James River Group Holdings by 21.4% during the 2nd quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock valued at $169,000 after acquiring an additional 748 shares during the period. Bank of Montreal Can bought a new stake in shares of James River Group Holdings during the 2nd quarter valued at $203,000. Neuberger Berman Group LLC bought a new stake in shares of James River Group Holdings during the 1st quarter valued at $243,000. Finally, Invictus RG bought a new stake in shares of James River Group Holdings during the 1st quarter valued at $328,000. Institutional investors and hedge funds own 92.72% of the company’s stock.

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In related news, CEO Steven J. Hartman sold 5,264 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $38.91, for a total transaction of $204,822.24. Following the sale, the chief executive officer now owns 55,843 shares in the company, valued at $2,172,851.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Steven J. Hartman sold 19,736 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $39.42, for a total transaction of $777,993.12. Following the sale, the chief executive officer now owns 70,315 shares in the company, valued at approximately $2,771,817.30. The disclosure for this sale can be found here. 41.00% of the stock is currently owned by company insiders.

James River Group Holdings, Ltd. (NASDAQ:JRVR) opened at 41.20 on Wednesday. The company has a 50-day moving average of $40.24 and a 200 day moving average of $40.53. James River Group Holdings, Ltd. has a one year low of $35.95 and a one year high of $46.20. The company has a market cap of $1.22 billion, a P/E ratio of 15.52 and a beta of 0.57.

James River Group Holdings (NASDAQ:JRVR) last issued its earnings results on Tuesday, August 1st. The insurance provider reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.04). James River Group Holdings had a return on equity of 10.80% and a net margin of 11.45%. The business had revenue of $202.40 million for the quarter, compared to analysts’ expectations of $169.83 million. During the same period last year, the business earned $0.46 EPS. The company’s revenue for the quarter was up 50.5% on a year-over-year basis. Analysts anticipate that James River Group Holdings, Ltd. will post $2.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 11th were given a dividend of $0.30 per share. The ex-dividend date was Friday, September 8th. This represents a $1.20 annualized dividend and a yield of 2.91%. James River Group Holdings’s dividend payout ratio is presently 45.28%.

A number of equities research analysts have recently issued reports on JRVR shares. Zacks Investment Research raised shares of James River Group Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $42.00 price objective on shares of James River Group Holdings in a research report on Thursday, September 21st. ValuEngine downgraded shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of James River Group Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $47.00.

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.

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Institutional Ownership by Quarter for James River Group Holdings (NASDAQ:JRVR)

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