James River Group Holdings, Ltd. (NASDAQ:JRVR) Short Interest Update

James River Group Holdings, Ltd. (NASDAQ:JRVR) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 1,100,000 shares, a decrease of 6.8% from the September 15th total of 1,180,000 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average trading volume of 291,100 shares, the short-interest ratio is currently 3.8 days.

Institutional Trading of James River Group

Several institutional investors and hedge funds have recently modified their holdings of JRVR. Vanguard Group Inc. raised its position in James River Group by 22.9% in the 1st quarter. Vanguard Group Inc. now owns 2,579,287 shares of the insurance provider’s stock valued at $23,987,000 after buying an additional 479,823 shares during the last quarter. American Century Companies Inc. grew its stake in shares of James River Group by 232.2% in the 2nd quarter. American Century Companies Inc. now owns 171,529 shares of the insurance provider’s stock worth $1,326,000 after acquiring an additional 119,901 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of James River Group by 143.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 512,968 shares of the insurance provider’s stock valued at $4,771,000 after purchasing an additional 302,257 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of James River Group by 2,512.5% during the second quarter. AQR Capital Management LLC now owns 1,377,017 shares of the insurance provider’s stock valued at $10,644,000 after purchasing an additional 1,324,309 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of James River Group by 24,641.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,247 shares of the insurance provider’s stock worth $225,000 after buying an additional 24,149 shares in the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.

James River Group Stock Performance

Shares of James River Group stock opened at $6.80 on Thursday. The business has a 50-day simple moving average of $6.81 and a 200 day simple moving average of $7.65. James River Group has a one year low of $6.12 and a one year high of $15.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $257.22 million, a price-to-earnings ratio of -3.25 and a beta of 0.16.

James River Group (NASDAQ:JRVR) last released its quarterly earnings data on Monday, August 5th. The insurance provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.09). The business had revenue of $188.30 million for the quarter, compared to analyst estimates of $169.39 million. James River Group had a positive return on equity of 11.66% and a negative net margin of 12.79%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. On average, research analysts anticipate that James River Group will post 1.85 earnings per share for the current fiscal year.

James River Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Monday, September 16th. James River Group’s dividend payout ratio is currently -9.57%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Compass Point lowered their price target on shares of James River Group from $12.50 to $12.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Truist Financial lowered their target price on shares of James River Group from $9.00 to $8.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, JMP Securities cut their price target on shares of James River Group from $14.00 to $11.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.17.

About James River Group

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.