Trade Report: Today, James River Group Holdings Ltd. (JRVR) Position Held by Smithfield Trust Co.

Today, James River Group Holdings Ltd. (JRVR) Position Held by Smithfield Trust Co.

Smithfield Trust Co. continued to hold its stake in James River Group Holdings Ltd. (NASDAQ:JRVR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,840 shares of the company’s stock at the end of the third quarter. Smithfield Trust Co.’s holdings in James River Group Holdings were worth $211,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Frontier Capital Management Co. LLC increased its stake in shares of James River Group Holdings by 13.1% in the second quarter. Frontier Capital Management Co. LLC now owns 1,420,675 shares of the company’s stock worth $48,246,000 after buying an additional 164,432 shares during the period. Victory Capital Management Inc. increased its stake in shares of James River Group Holdings by 8.8% in the second quarter. Victory Capital Management Inc. now owns 671,669 shares of the company’s stock worth $22,809,000 after buying an additional 54,338 shares during the period. Vanguard Group Inc. increased its stake in shares of James River Group Holdings by 7.1% in the second quarter. Vanguard Group Inc. now owns 506,597 shares of the company’s stock worth $17,204,000 after buying an additional 33,613 shares during the period. Hood River Capital Management LLC increased its stake in shares of James River Group Holdings by 29.4% in the second quarter. Hood River Capital Management LLC now owns 409,109 shares of the company’s stock worth $13,893,000 after buying an additional 92,849 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in shares of James River Group Holdings by 22.7% in the third quarter. State of Wisconsin Investment Board now owns 382,351 shares of the company’s stock worth $13,841,000 after buying an additional 70,615 shares during the period. 96.94% of the stock is owned by hedge funds and other institutional investors.

Shares of James River Group Holdings Ltd. (NASDAQ:JRVR) traded up 0.23% during trading on Friday, reaching $39.10. 163,995 shares of the company traded hands. James River Group Holdings Ltd. has a 12-month low of $25.86 and a 12-month high of $42.17. The stock has a market capitalization of $1.14 billion, a PE ratio of 18.97 and a beta of 0.56. The firm’s 50-day moving average is $38.16 and its 200-day moving average is $35.52.

James River Group Holdings (NASDAQ:JRVR) last posted its earnings results on Wednesday, November 2nd. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm earned $151.40 million during the quarter, compared to the consensus estimate of $151.86 million. James River Group Holdings had a net margin of 11.34% and a return on equity of 9.22%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. On average, equities analysts predict that James River Group Holdings Ltd. will post $2.27 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on JRVR. Keefe, Bruyette & Woods downgraded shares of James River Group Holdings from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $38.00 to $40.00 in a report on Monday, November 14th. FBR & Co reaffirmed a “buy” rating on shares of James River Group Holdings in a report on Wednesday, November 16th. Finally, Zacks Investment Research downgraded shares of James River Group Holdings from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a report on Wednesday, October 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. James River Group Holdings presently has an average rating of “Buy” and an average price target of $39.80.

In other news, CEO Steven J. Hartman sold 10,000 shares of James River Group Holdings stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $35.22, for a total value of $352,200.00. Following the completion of the transaction, the chief executive officer now owns 34,453 shares in the company, valued at $1,213,434.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.20% of the stock is currently owned by insiders.

About James River Group Holdings

James River Group Holdings, Ltd. is an insurance holding company. The Company owns and operates a group of specialty insurance and reinsurance companies. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers excess and surplus commercial lines liability and property insurance.

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