James River Group Holdings, Ltd. Declares Quarterly Dividend of $0.01 (NASDAQ:JRVR)

Key Points

• James River Group Holdings, Ltd. declared a quarterly dividend of $0.01 per share, with an annualized yield of 0.7%, to be paid on September 30th to shareholders on record as of September 15th.
• The company reported a loss in earnings per share for the last quarter, missing estimates and showing a negative return on equity of 2.12% and a negative net margin of 12.81%.
• Equities analysts have mixed ratings for the stock, with a consensus average rating of "Hold" and a target price of $6.06, indicating some potential for upside.

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.01 per share by the insurance provider on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 15th.

James River Group has a payout ratio of 3.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect James River Group to earn $1.80 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 2.2%.

James River Group Stock Down 0.6%

Shares of JRVR traded down $0.03 during midday trading on Friday, reaching $5.72. 47,514 shares of the stock were exchanged, compared to its average volume of 268,461. The company has a market capitalization of $262.57 million, a P/E ratio of -1.81 and a beta of 0.06. The company has a current ratio of 0.63, a quick ratio of 0.65 and a debt-to-equity ratio of 0.46. James River Group has a 52 week low of $3.00 and a 52 week high of $7.80. The company's 50 day moving average is $5.73 and its two-hundred day moving average is $4.98.

James River Group (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The firm had revenue of $152.61 million for the quarter, compared to the consensus estimate of $176.46 million. James River Group had a negative net margin of 13.50% and a negative return on equity of 1.97%. On average, sell-side analysts anticipate that James River Group will post -0.35 earnings per share for the current year.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.