James River Group Holdings, Ltd. (JRVR) To Go Ex-Dividend on June 8th

James River Group Holdings, Ltd. (NASDAQ:JRVR) declared a quarterly dividend on Monday, May 4th. Stockholders of record on Monday, June 8th will be paid a dividend of 0.01 per share by the insurance provider on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, June 8th.

James River Group has decreased its dividend by an average of 0.5%annually over the last three years. James River Group has a payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Analysts expect James River Group to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 4.4%.

James River Group Price Performance

Shares of JRVR opened at $3.96 on Friday. James River Group has a 12 month low of $3.76 and a 12 month high of $7.20. The firm’s 50 day moving average is $5.23 and its 200-day moving average is $6.01. The stock has a market capitalization of $183.11 million, a PE ratio of 11.65 and a beta of -0.16. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44.

James River Group (NASDAQ:JRVR) last announced its earnings results on Monday, May 4th. The insurance provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.15). James River Group had a return on equity of 10.79% and a net margin of 4.34%.The business had revenue of $151.38 million for the quarter, compared to the consensus estimate of $155.07 million. Equities research analysts forecast that James River Group will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wall Street Zen cut shares of James River Group from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group cut shares of James River Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $8.00 to $4.75 in a report on Tuesday, May 19th. Weiss Ratings cut shares of James River Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Citizens Jmp reissued a “market perform” rating on shares of James River Group in a research note on Tuesday, May 5th. Finally, Truist Financial lifted their price objective on shares of James River Group from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $6.44.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.