Champlain Investment Partners LLC Purchases 260,920 Shares of James River Group Holdings Ltd (NASDAQ:JRVR)

Champlain Investment Partners LLC raised its position in shares of James River Group Holdings Ltd (NASDAQ:JRVR) by 37.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 952,240 shares of the insurance provider’s stock after acquiring an additional 260,920 shares during the period. Champlain Investment Partners LLC’s holdings in James River Group were worth $38,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc raised its holdings in shares of James River Group by 0.4% during the 4th quarter. Legal & General Group Plc now owns 63,594 shares of the insurance provider’s stock worth $2,313,000 after acquiring an additional 249 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of James River Group by 0.6% during the 1st quarter. Arizona State Retirement System now owns 46,384 shares of the insurance provider’s stock worth $1,859,000 after acquiring an additional 257 shares in the last quarter. Stone Ridge Asset Management LLC raised its holdings in shares of James River Group by 4.6% during the 4th quarter. Stone Ridge Asset Management LLC now owns 6,082 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 269 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of James River Group by 38.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 972 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 271 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of James River Group by 88.9% during the 4th quarter. Bank of Montreal Can now owns 752 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 354 shares in the last quarter. 97.67% of the stock is currently owned by institutional investors and hedge funds.

JRVR has been the topic of several recent research reports. BidaskClub raised James River Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Zacks Investment Research raised James River Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. Compass Point downgraded James River Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $47.00 to $39.00 in a research report on Wednesday, April 3rd. B. Riley reissued a “neutral” rating on shares of James River Group in a research report on Friday, March 1st. Finally, ValuEngine raised James River Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $42.00.

NASDAQ JRVR opened at $46.58 on Thursday. The company has a market cap of $1.39 billion, a PE ratio of 19.99 and a beta of 0.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 0.33. James River Group Holdings Ltd has a fifty-two week low of $34.08 and a fifty-two week high of $46.78.

James River Group (NASDAQ:JRVR) last released its earnings results on Wednesday, May 1st. The insurance provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.09. The firm had revenue of $214.13 million for the quarter, compared to the consensus estimate of $216.00 million. James River Group had a return on equity of 10.63% and a net margin of 8.05%. On average, equities analysts expect that James River Group Holdings Ltd will post 2.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, June 7th. James River Group’s dividend payout ratio is currently 51.50%.

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About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its 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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