Should You Hold James River Group Holdings, Ltd. (JRVR) For the Long-Term?

Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” fourth-quarter 2022 investor letter, a copy of which can be downloaded here. In the fourth quarter, the fund delivered a 10.36% net return compared to an 8.42% return for the Russell 2000 Value Index and a 9.21% return for the Russell 2500 Value Index. Health Care was the significant contributor to the fund’s performance in the quarter, while Materials detracted from the performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Bernzott Capital Advisors highlighted stocks like James River Group Holdings, Ltd. (NASDAQ:JRVR) in the Q4 2022 investor letter. Headquartered in Pembroke, Bermuda, James River Group Holdings, Ltd. (NASDAQ:JRVR) is a US-based insurance-providing company. On January 20, 2023, James River Group Holdings, Ltd. (NASDAQ:JRVR) stock closed at $21.06 per share. One-month return of James River Group Holdings, Ltd. (NASDAQ:JRVR) was -4.58%, and its shares lost 24.35% of their value over the last 52 weeks. James River Group Holdings, Ltd. (NASDAQ:JRVR) has a market capitalization of $788.908 million.

Bernzott Capital Advisors made the following comment about James River Group Holdings, Ltd. (NASDAQ:JRVR) in its Q4 2022 investor letter:

James River Group Holdings, Ltd. (NASDAQ:JRVR): Book value fell, partly due to mark-to-market losses on its fixed income portfolio due to interest rate increases. Gross written premiums were modestly below expectations as the company was rigorous in renewal discipline. Thus, the stock fell modestly. Its core excess and surplus insurance line remains in a strong cycle, positive for future earnings and book value growth, and the stock continues to sell at a significant discount.”

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James River Group Holdings, Ltd. (NASDAQ:JRVR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 12 hedge fund portfolios held James River Group Holdings, Ltd. (NASDAQ:JRVR) at the end of the third quarter which was 11 in the previous quarter.

We discussed James River Group Holdings, Ltd. (NASDAQ:JRVR) in another article and shared Bernzott Capital Advisors’ views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.