Bernzott Capital on James River Group (JRVR): “Valuation is Attractive Relative to History and Peers”

Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The portfolio rose 4.2% (gross) slightly underperforming the Russell 2000 Value’s advance of 4.3%, and somewhat less than the Russell 2500 Value’s gain of 6.3%. Industrials, the sector with the largest allocation at 35.2% of the portfolio, was the largest positive contributor to returns led by capital goods holdings. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Bernzott Capital Advisors US Small Cap Value, in its Q4 2021 investor letter, mentioned James River Group Holdings, Ltd. (NASDAQ: JRVR) and discussed its stance on the firm. James River Group Holdings, Ltd. is a Pembroke Parish, Bermuda-based insurance company with a $1.0 billion market capitalization. JRVR delivered a -2.29% return since the beginning of the year, while its 12-month returns are down by -39.62%. The stock closed at $28.15 per share on February 4, 2022.

Here is what Bernzott Capital Advisors US Small Cap Value has to say about James River Group Holdings, Ltd. in its Q4 2021 investor letter:

“James River (JR): The stock fell after charges in its reinsurance unit weighed on sentiment, especially following earlier challenges in its high profile rideshare exposure which have subsequently been resolved. The company is positioned to grow with healthy trends in its core excess and surplus lines, and valuation is attractive relative to history and peers.”

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Our calculations show that James River Group Holdings, Ltd. (NASDAQ: JRVR) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. JRVR was in 17 hedge fund portfolios at the end of the third quarter of 2021, compared to 15 funds in the previous quarter. James River Group Holdings, Ltd. (NASDAQ: JRVR) delivered a -9.28% return in the past 3 months.

In August 2021, we also shared another hedge fund’s views on JRVR in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

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