James River Group (NASDAQ:JRVR) Issues Quarterly Earnings Results

James River Group (NASDAQ:JRVR) posted its quarterly earnings results on Monday. The insurance provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05), Zacks reports. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The business had revenue of $172.29 million during the quarter, compared to analyst estimates of $184.15 million.

James River Group Price Performance

Shares of JRVR opened at $4.91 on Tuesday. The company has a market capitalization of $224.11 million, a price-to-earnings ratio of -1.21 and a beta of 0.02. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $9.13. The firm has a 50-day simple moving average of $4.23 and a 200-day simple moving average of $4.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65.

James River Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.81%. The ex-dividend date was Monday, March 10th. James River Group’s payout ratio is currently -1.38%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup reiterated a “hold” rating on shares of James River Group in a research note on Tuesday, March 11th. Truist Financial reduced their price objective on shares of James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. StockNews.com downgraded shares of James River Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Compass Point reduced their price target on shares of James River Group from $7.75 to $6.25 and set a “buy” rating for the company in a research report on Monday, March 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on James River Group from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $6.06.

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.