Press coverage about James River Group (NASDAQ:JRVR) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. James River Group earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 46.7762976093266 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of James River Group (JRVR) opened at $39.85 on Tuesday. The stock has a market cap of $1,167.00, a PE ratio of 17.91 and a beta of 0.50. James River Group has a 52-week low of $37.24 and a 52-week high of $46.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.25 and a quick ratio of 0.25.
James River Group (NASDAQ:JRVR) last announced its earnings results on Wednesday, November 1st. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The company had revenue of $220.87 million during the quarter, compared to analysts’ expectations of $198.67 million. James River Group had a net margin of 8.98% and a return on equity of 9.36%. James River Group’s quarterly revenue was up 45.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 earnings per share. sell-side analysts forecast that James River Group will post 2.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date is Thursday, December 14th. This is a boost from James River Group’s previous quarterly dividend of $0.30. James River Group’s payout ratio is presently 52.63%.
A number of equities analysts have commented on JRVR shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $42.00 price objective on shares of James River Group in a research report on Friday, August 18th. ValuEngine cut shares of James River Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of James River Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. JMP Securities started coverage on shares of James River Group in a research report on Tuesday, October 17th. They set an “outperform” rating and a $47.00 price objective for the company. Finally, B. Riley reaffirmed a “buy” rating on shares of James River Group in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $47.00.
In other news, Chairman J Adam Abram sold 400,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $38.10, for a total value of $15,240,000.00. Following the completion of the sale, the chairman now owns 368,247 shares of the company’s stock, valued at $14,030,210.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Zwillinger sold 2,600,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $38.10, for a total transaction of $99,060,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,450,000 shares of company stock valued at $131,445,000. 41.00% of the stock is currently owned by company insiders.
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About James River Group
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.
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