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

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. Stockholders of record on Monday, September 15th will be paid a dividend of 0.01 per share by the insurance provider on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th.

James River Group has a payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 2.6%

Shares of NASDAQ:JRVR traded down $0.15 on Friday, reaching $5.60. 146,726 shares of the company traded hands, compared to its average volume of 183,356. The company has a current ratio of 0.63, a quick ratio of 0.65 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $257.15 million, a P/E ratio of -1.77 and a beta of 0.06. James River Group has a 52 week low of $3.00 and a 52 week high of $7.80. The business's 50-day simple moving average is $5.72 and its 200 day simple moving average is $4.98.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its earnings results on Monday, August 4th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $152.61 million for the quarter, compared to analysts' expectations of $176.46 million. James River Group had a negative return on equity of 1.97% and a negative net margin of 13.50%. As a group, equities analysts anticipate that James River Group will post -0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on JRVR shares. JMP Securities reiterated a "market outperform" rating and set a $8.00 target price on shares of James River Group in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of James River Group from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.06.

James River Group Company Profile

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.