James River Group Holdings, Ltd. (JRVR) To Go Ex-Dividend on September 15th

James River Group Holdings, Ltd. (NASDAQ:JRVR) announced a quarterly dividend on Monday, August 10th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.01 per share by the insurance provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

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. Equities 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 Stock Performance

Shares of James River Group stock opened at $4.20 on Wednesday. The firm has a market cap of $194.21 million, a PE ratio of 11.05 and a beta of -0.20. The firm’s 50-day simple moving average is $4.38 and its 200-day simple moving average is $5.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.64. James River Group has a 1 year low of $3.76 and a 1 year high of $7.20.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Monday, August 10th. The insurance provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). The company had revenue of $161.34 million for the quarter, compared to the consensus estimate of $135.50 million. James River Group had a return on equity of 9.94% and a net margin of 4.68%. Equities analysts forecast that James River Group will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On James River Group

Several institutional investors and hedge funds have recently bought and sold shares of JRVR. Zimmer Partners LP boosted its stake in James River Group by 53.8% in the third quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock valued at $25,484,000 after acquiring an additional 1,605,828 shares during the period. Enstar Group LTD bought a new position in shares of James River Group during the fourth quarter valued at approximately $16,477,000. Donald Smith & CO. Inc. acquired a new stake in shares of James River Group during the 2nd quarter worth approximately $10,738,000. RBF Capital LLC raised its position in shares of James River Group by 7.5% during the 1st quarter. RBF Capital LLC now owns 1,128,525 shares of the insurance provider’s stock worth $7,110,000 after purchasing an additional 78,525 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of James River Group by 10.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock worth $5,875,000 after purchasing an additional 95,351 shares during the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

About James River Group

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.