Jacobs Levy Equity Management Inc. Trims Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Jacobs Levy Equity Management Inc. trimmed its position in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 14.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 710,643 shares of the insurance provider’s stock after selling 118,656 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.88% of James River Group worth $4,456,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in JRVR. Empowered Funds LLC lifted its stake in shares of James River Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 112,641 shares of the insurance provider’s stock worth $706,000 after purchasing an additional 5,628 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in James River Group by 32.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,989 shares of the insurance provider’s stock valued at $355,000 after buying an additional 9,414 shares during the last quarter. Sei Investments Co. bought a new position in James River Group in the second quarter worth approximately $83,000. SG Americas Securities LLC purchased a new position in shares of James River Group during the 3rd quarter worth $69,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of James River Group by 36.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 41,976 shares of the insurance provider’s stock worth $263,000 after acquiring an additional 11,106 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors.

James River Group Trading Up 0.2 %

NASDAQ:JRVR opened at $4.66 on Friday. James River Group Holdings, Ltd. has a one year low of $4.35 and a one year high of $11.49. The business has a fifty day moving average price of $5.78 and a 200-day moving average price of $6.86. The firm has a market capitalization of $176.29 million, a price-to-earnings ratio of -1.15 and a beta of 0.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Monday, November 11th. The insurance provider reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.89). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The company had revenue of $191.50 million during the quarter, compared to analysts’ expectations of $137.28 million. During the same quarter in the previous year, the company earned $0.48 EPS. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. Sell-side analysts forecast that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Monday, December 16th. James River Group’s payout ratio is -4.94%.

James River Group Company Profile

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.