James River Group (NASDAQ:JRVR) Announces Earnings Results, Misses Estimates By $0.04 EPS

Key Points

• James River Group reported quarterly EPS of $0.20, missing the analyst consensus estimate of $0.24 by $0.04. The company posted a 10.79% return on equity and a 4.34% net margin.
• Shares fell $0.16 to $4.54 in mid-day trading, with the stock still well below its 52-week high of $7.20. James River Group has a market capitalization of approximately $210 million.
• Analyst sentiment remains cautious: six analysts rate the stock Hold and one rates it Sell, producing a consensus “Reduce” rating and a $6.44 price target. Institutional investors own 95.21% of the company.

James River Group (NASDAQ:JRVR - Get Free Report) posted its quarterly earnings results on Monday. The insurance provider reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04), FiscalAI reports. James River Group had a return on equity of 10.79% and a net margin of 4.34%.

James River Group Stock Performance

Shares of NASDAQ JRVR traded down $0.16 during mid-day trading on Monday, hitting $4.54. 200,027 shares of the company were exchanged, compared to its average volume of 330,760. The stock has a 50 day simple moving average of $4.36 and a 200-day simple moving average of $5.44. James River Group has a 1-year low of $3.76 and a 1-year high of $7.20. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.44. The firm has a market cap of $209.93 million, a price-to-earnings ratio of 13.35 and a beta of -0.20.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded James River Group from a "sell" rating to a "hold" rating in a report on Sunday, June 14th. Zacks Research upgraded James River Group from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. Citizens Jmp reissued a "market perform" rating on shares of James River Group in a research note on Tuesday, May 5th. Citigroup lowered James River Group from a "hold" rating to a "market perform" rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings cut shares of James River Group from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, May 20th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, James River Group presently has a consensus rating of "Reduce" and a consensus price target of $6.44.

Institutional Trading of James River Group

Hedge funds have recently made changes to their positions in the company. Zimmer Partners LP lifted its position in shares of James River Group by 53.8% during the 3rd quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider's stock valued at $25,484,000 after acquiring an additional 1,605,828 shares during the period. Kennedy Capital Management LLC purchased a new position in James River Group in the 4th quarter valued at approximately $3,117,000. Segall Bryant & Hamill LLC acquired a new position in James River Group during the fourth quarter worth $1,964,000. Quinn Opportunity Partners LLC acquired a new position in James River Group during the fourth quarter worth $736,000. Finally, Geode Capital Management LLC boosted its position in James River Group by 10.5% during the second quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider's stock worth $5,875,000 after purchasing an additional 95,351 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company's stock.

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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