Wednesday, November 15, 2017 10:15 PM ET
James River Group Holdings (JRVR) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
In SEC filings today James River Group Holdings revealed three insiders — Bryan Martin, 10% Owner and Director, D E Shaw Oculus Portfolios Llc, 10% Owner and Director, and David Zwillinger, 10% Owner and Director — disposed of 7,800,000 shares in the company having a market value of approximately $297,180,000. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 400,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 8,200,000 shares and have averaged 2,050,000 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at James River Group Holdings is greater than the 59-company peer group average. Property & Casualty Insurance peer group saw 58 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for James River Group Holdings insiders was also higher. Within the peer group there were 486,146 shares purchased and 2,026,943 shares sold with company insiders disposing of 26,565 shares on average.
The data used in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* Bryan Martin, 10% Owner and Director, sold 2,600,000 shares
* D E Shaw Oculus Portfolios Llc, 10% Owner and Director, sold 2,600,000 shares
* David Zwillinger, 10% Owner and Director, sold 2,600,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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