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

Key Points

• James River declared a quarterly dividend of $0.01 per share (annualized $0.04), payable June 30 to shareholders of record June 8, with a yield of about 0.7% and a low payout ratio (~3.5%) indicating earnings coverage.
• The company missed quarterly expectations, reporting EPS of $0.12 versus $0.27 expected and revenue of $151.4M versus $155.1M, suggesting near-term performance pressure.
• Shares trade around $6.13 (52‑week range $4.54–$7.20) with a market cap near $282M, and analysts hold a consensus Hold rating with an average price target of $7.25.

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Monday, June 8th will be given a dividend of 0.01 per share by the insurance provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 8th.

James River Group has decreased its dividend payment by an average of 0.5%per year over the last three years. 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 $1.25 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 3.2%.

James River Group Stock Down 1.0%

JRVR opened at $6.13 on Tuesday. James River Group has a fifty-two week low of $4.54 and a fifty-two week high of $7.20. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.65 and a current ratio of 0.65. The company has a fifty day moving average of $6.40 and a two-hundred day moving average of $6.23. The stock has a market capitalization of $281.79 million, a price-to-earnings ratio of 8.40 and a beta of -0.03.

James River Group (NASDAQ:JRVR - Get Free Report) last released its earnings results on Monday, May 4th. The insurance provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.15). The company had revenue of $151.38 million for the quarter, compared to analysts' expectations of $155.07 million. James River Group had a return on equity of 12.01% and a net margin of 6.90%. On average, research analysts expect that James River Group will post 1.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JRVR shares. Weiss Ratings raised James River Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, April 21st. Citizens Jmp reiterated a "market perform" rating on shares of James River Group in a research report on Tuesday. Wall Street Zen upgraded James River Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Truist Financial upped their price objective on shares of James River Group from $6.00 to $7.00 and gave the company a "hold" rating in a research note on Tuesday, March 3rd. Finally, Zacks Research cut shares of James River Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 5th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, James River Group has a consensus rating of "Hold" and a consensus price target of $7.25.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.

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