James River Group Holdings Ltd (NASDAQ:JRVR) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management cut its holdings in shares of James River Group Holdings Ltd (NASDAQ:JRVR) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,800 shares of the insurance provider’s stock after selling 2,800 shares during the period. Picton Mahoney Asset Management owned 0.11% of James River Group worth $1,352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JRVR. Goldman Sachs Group Inc. boosted its stake in shares of James River Group by 4,472.7% during the second quarter. Goldman Sachs Group Inc. now owns 853,306 shares of the insurance provider’s stock valued at $33,902,000 after purchasing an additional 834,645 shares in the last quarter. Principal Financial Group Inc. lifted its position in James River Group by 5,366.2% during the third quarter. Principal Financial Group Inc. now owns 722,473 shares of the insurance provider’s stock valued at $29,968,000 after acquiring an additional 709,256 shares during the last quarter. Vanguard Group Inc. lifted its position in James River Group by 27.1% during the second quarter. Vanguard Group Inc. now owns 894,726 shares of the insurance provider’s stock valued at $35,548,000 after acquiring an additional 190,928 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new stake in James River Group during the third quarter valued at approximately $7,433,000. Finally, Dimensional Fund Advisors LP lifted its position in James River Group by 44.5% during the third quarter. Dimensional Fund Advisors LP now owns 481,318 shares of the insurance provider’s stock valued at $19,966,000 after acquiring an additional 148,301 shares during the last quarter. Hedge funds and other institutional investors own 95.69% of the company’s stock.

JRVR has been the subject of a number of analyst reports. B. Riley reissued a “buy” rating and set a $47.00 target price on shares of James River Group in a research report on Tuesday, November 14th. BidaskClub raised shares of James River Group from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Zacks Investment Research cut shares of James River Group from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Finally, JMP Securities initiated coverage on shares of James River Group in a research report on Tuesday, October 17th. They set an “outperform” rating and a $47.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $45.00.

In other James River Group news, Director Bryan Martin sold 450,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $38.10, for a total value of $17,145,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman J Adam Abram sold 400,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $38.10, for a total transaction of $15,240,000.00. Following the completion of the transaction, the chairman now directly owns 368,247 shares of the company’s stock, valued at approximately $14,030,210.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,450,000 shares of company stock valued at $131,445,000. Corporate insiders own 41.00% of the company’s stock.

James River Group Holdings Ltd (NASDAQ:JRVR) traded down $1.32 during trading hours on Friday, reaching $38.20. 4,207,184 shares of the company were exchanged, compared to its average volume of 290,702. The stock has a market capitalization of $1,131.18, a PE ratio of 16.75 and a beta of 0.36. James River Group Holdings Ltd has a 12 month low of $35.38 and a 12 month high of $46.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.25 and a quick ratio of 0.25.

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James River Group Company Profile

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.

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

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