Champlain Investment Partners LLC Has $56.32 Million Stock Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Champlain Investment Partners LLC grew its position in James River Group Holdings, Ltd. (NASDAQ:JRVRGet Rating) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,954,785 shares of the insurance provider’s stock after buying an additional 7,985 shares during the period. Champlain Investment Partners LLC owned approximately 5.24% of James River Group worth $56,317,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its stake in shares of James River Group by 1.7% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 28,575 shares of the insurance provider’s stock worth $1,078,000 after buying an additional 464 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of James River Group by 4.3% during the 4th quarter. New York State Teachers Retirement System now owns 19,560 shares of the insurance provider’s stock worth $564,000 after buying an additional 800 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of James River Group by 1.9% during the 3rd quarter. California State Teachers Retirement System now owns 50,254 shares of the insurance provider’s stock worth $1,896,000 after buying an additional 938 shares during the last quarter. We Are One Seven LLC boosted its stake in shares of James River Group by 11.3% during the 4th quarter. We Are One Seven LLC now owns 14,432 shares of the insurance provider’s stock worth $416,000 after buying an additional 1,466 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of James River Group by 26.0% during the 4th quarter. Teacher Retirement System of Texas now owns 7,370 shares of the insurance provider’s stock worth $212,000 after buying an additional 1,521 shares during the last quarter. 98.78% of the stock is owned by institutional investors.

In other James River Group news, CEO Frank D’orazio bought 50,000 shares of the stock in a transaction dated Thursday, March 3rd. The shares were bought at an average cost of $20.64 per share, with a total value of $1,032,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah C. Doran bought 4,800 shares of the stock in a transaction dated Friday, March 4th. The shares were acquired at an average cost of $20.16 per share, for a total transaction of $96,768.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 79,715 shares of company stock worth $1,638,038. Insiders own 2.80% of the company’s stock.

A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of James River Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 4th. B. Riley dropped their target price on shares of James River Group from $42.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, March 4th. Truist Financial upped their target price on shares of James River Group from $27.00 to $30.00 in a report on Tuesday, March 1st. Barclays upped their target price on shares of James River Group from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, April 12th. Finally, JMP Securities dropped their target price on shares of James River Group from $45.00 to $36.00 and set a “market outperform” rating on the stock in a report on Tuesday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.83.

James River Group stock traded up $0.08 during trading hours on Thursday, hitting $24.79. The company had a trading volume of 485,796 shares, compared to its average volume of 317,880. The firm has a market cap of $928.34 million, a PE ratio of -4.73 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. James River Group Holdings, Ltd. has a one year low of $19.76 and a one year high of $39.69. The firm has a 50-day moving average of $23.10 and a 200 day moving average of $26.11.

James River Group (NASDAQ:JRVRGet Rating) last released its quarterly earnings results on Monday, February 28th. The insurance provider reported ($1.81) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($2.27). The company had revenue of $207.34 million during the quarter, compared to the consensus estimate of $198.57 million. James River Group had a negative net margin of 22.36% and a negative return on equity of 24.27%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.95) earnings per share. As a group, research analysts expect that James River Group Holdings, Ltd. will post 1.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Monday, June 13th will be issued a $0.05 dividend. The ex-dividend date is Friday, June 10th. This represents a $0.20 annualized dividend and a yield of 0.81%. James River Group’s dividend payout ratio is currently -3.85%.

James River Group Profile (Get Rating)

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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

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