News articles about James River Group Holdings (NASDAQ:JRVR) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. James River Group Holdings earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 45.6310436585217 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- James River Group Holdings Ltd. breached its 50 day moving average in a Bullish Manner : JRVR-US : September 4, 2017 (finance.yahoo.com)
- James River Group Holdings, Ltd. (JRVR) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
- Insider Selling: James River Group Holdings, Ltd. (JRVR) CEO Sells 5,264 Shares of Stock (americanbankingnews.com)
- James River Group Holdings, Ltd. (NASDAQ: “JRVR”) Will Pay Quarterly Dividend https://t.co/ab5oSEiNob (4-traders.com)
- James River Group Holdings, Ltd. (JRVR) CEO Steven J. Hartman Sells 19,736 Shares (americanbankingnews.com)
Shares of James River Group Holdings (NASDAQ JRVR) traded down 6.38% during trading on Tuesday, reaching $37.56. 339,039 shares of the company’s stock were exchanged. James River Group Holdings has a 12 month low of $33.96 and a 12 month high of $46.20. The stock has a 50-day moving average price of $39.85 and a 200 day moving average price of $40.82. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 14.15 and a beta of 0.56.
James River Group Holdings (NASDAQ:JRVR) last posted its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.04. James River Group Holdings had a return on equity of 10.80% and a net margin of 11.45%. The business had revenue of $202.40 million during the quarter, compared to the consensus estimate of $169.83 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. On average, analysts forecast that James River Group Holdings will post $2.50 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 11th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $1.20 annualized dividend and a yield of 3.19%. James River Group Holdings’s payout ratio is 45.28%.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 target price on shares of James River Group Holdings in a research report on Friday, August 18th. BidaskClub lowered shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, ValuEngine lowered shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $45.25.
ILLEGAL ACTIVITY NOTICE: This article was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://transcriptdaily.com/2017/09/05/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-james-river-group-holdings-jrvr-stock-price.html.
In other news, CEO Steven J. Hartman sold 19,736 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $39.42, for a total transaction of $777,993.12. Following the sale, the chief executive officer now directly owns 70,315 shares of the company’s stock, valued at approximately $2,771,817.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven J. Hartman sold 5,264 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $38.91, for a total value of $204,822.24. Following the sale, the chief executive officer now directly owns 55,843 shares in the company, valued at $2,172,851.13. The disclosure for this sale can be found here. 41.00% of the stock is owned by corporate insiders.
James River Group Holdings Company Profile
James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers commercial excess and surplus lines liability and excess property insurance products.
Receive News & Ratings for James River Group Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.