James River Group (NASDAQ:JRVR) Announces Earnings Results

James River Group (NASDAQ:JRVR) posted its quarterly earnings data on Monday. The insurance provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.27), FiscalAI reports. The business had revenue of $147.71 million during the quarter, compared to the consensus estimate of $134.80 million. James River Group had a return on equity of 9.93% and a net margin of 4.68%.

James River Group Stock Performance

Shares of JRVR opened at $3.77 on Tuesday. James River Group has a one year low of $3.36 and a one year high of $7.20. The company has a market cap of $174.36 million, a PE ratio of 9.92 and a beta of -0.14. The stock has a 50-day moving average of $3.79 and a 200-day moving average of $4.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.63 and a quick ratio of 0.63.

James River Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.04 annualized dividend and a dividend yield of 1.1%. James River Group’s dividend payout ratio (DPR) is currently 10.53%.

Wall Street Analyst Weigh In

Several brokerages recently commented on JRVR. Truist Financial cut their target price on James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, August 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of James River Group in a report on Wednesday, November 4th. Finally, UBS Group dropped their price target on James River Group from $4.75 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, August 17th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $5.75.

James River Group Company Profile

James River Group Holdings, Ltd. (NASDAQ: JRVR) is a specialty insurance holding company headquartered in Hamilton, Bermuda. Through its operating subsidiaries, the company provides commercial casualty insurance and reinsurance products to businesses and other insurance organizations.

The company’s operations have included excess and surplus lines insurance, specialty admitted insurance and casualty reinsurance. Its products are designed for risks that may require customized underwriting or coverage that is not readily available through standard commercial insurance markets.