James River Group Holdings, Ltd. $JRVR Shares Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC grew its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 70.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,713 shares of the insurance provider’s stock after buying an additional 17,208 shares during the quarter. FNY Investment Advisers LLC owned 0.09% of James River Group worth $244,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Jane Street Group LLC raised its position in James River Group by 13.0% during the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock worth $106,000 after buying an additional 2,918 shares during the last quarter. Deutsche Bank AG purchased a new position in James River Group during the 1st quarter worth $25,000. Bank of New York Mellon Corp raised its position in James River Group by 6.7% during the 1st quarter. Bank of New York Mellon Corp now owns 98,867 shares of the insurance provider’s stock worth $415,000 after buying an additional 6,206 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in James River Group by 0.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,057,300 shares of the insurance provider’s stock worth $8,641,000 after buying an additional 11,001 shares during the last quarter. Finally, Interval Partners LP purchased a new position in James River Group during the 1st quarter worth $275,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on JRVR. Weiss Ratings restated a “sell (d-)” rating on shares of James River Group in a research report on Tuesday, October 14th. Zacks Research downgraded shares of James River Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.06.

James River Group Stock Performance

Shares of JRVR opened at $5.29 on Thursday. The company has a 50-day simple moving average of $5.50 and a 200-day simple moving average of $5.37. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $242.92 million, a PE ratio of -1.67 and a beta of 0.01. James River Group Holdings, Ltd. has a 52-week low of $3.00 and a 52-week high of $7.07.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings data on Monday, August 4th. The insurance provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $152.61 million for the quarter, compared to analysts’ expectations of $176.46 million. James River Group had a negative net margin of 13.50% and a negative return on equity of 1.97%. Equities research analysts predict that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.

James River Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 15th. James River Group’s dividend payout ratio is presently -1.27%.

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.