James River Group Holdings, Ltd. (NASDAQ:JRVR) Short Interest Up 10.2% in November

James River Group Holdings, Ltd. (NASDAQ:JRVR) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,010,000 shares, an increase of 10.2% from the October 31st total of 916,500 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average trading volume of 320,100 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Investors Weigh In On James River Group

Several large investors have recently bought and sold shares of JRVR. Empowered Funds LLC increased its stake in James River Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 112,641 shares of the insurance provider’s stock valued at $706,000 after buying an additional 5,628 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of James River Group by 32.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 37,989 shares of the insurance provider’s stock worth $355,000 after purchasing an additional 9,414 shares during the period. Sei Investments Co. acquired a new position in shares of James River Group in the 2nd quarter valued at approximately $83,000. SG Americas Securities LLC acquired a new position in James River Group during the third quarter worth about $69,000. Finally, Los Angeles Capital Management LLC raised its stake in shares of James River Group by 36.0% during the third quarter. Los Angeles Capital Management LLC now owns 41,976 shares of the insurance provider’s stock valued at $263,000 after acquiring an additional 11,106 shares during the last quarter. Institutional investors own 95.21% of the company’s stock.

James River Group Trading Down 3.8 %

Shares of James River Group stock opened at $4.51 on Tuesday. James River Group has a 1-year low of $4.35 and a 1-year high of $11.49. The business’s fifty day moving average price is $5.95 and its two-hundred day moving average price is $6.97. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Monday, November 11th. The insurance provider reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.89). The business had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $137.28 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. As a group, equities research analysts anticipate that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, December 16th. James River Group’s dividend payout ratio (DPR) is currently -4.94%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on JRVR shares. Compass Point lowered their price objective on James River Group from $12.50 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Truist Financial lowered their price objective on James River Group from $9.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Finally, JMP Securities cut their target price on 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

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.