James River Group (NASDAQ:JRVR) Issues Earnings Results, Misses Estimates By $0.15 EPS

Key Points

• James River Group reported quarterly EPS of $0.12, missing estimates by $0.15 (consensus $0.27), with revenue of $151.38M versus $155.07M expected; net margin was 6.90% and ROE 12.01%.
• Shares fell about 1% to $6.13 on the report; the company has a market cap of $281.8M and a trailing P/E of 8.4.
• Analysts' consensus rating is a Hold with an average price target of $7.25, and the firm pays a small quarterly dividend of $0.01 (0.7% yield, DPR ~5.48%).

James River Group (NASDAQ:JRVR - Get Free Report) released its quarterly earnings data on Monday. The insurance provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.15), FiscalAI reports. James River Group had a net margin of 6.90% and a return on equity of 12.01%. The business had revenue of $151.38 million during the quarter, compared to analyst estimates of $155.07 million.

James River Group Stock Down 1.0%

Shares of NASDAQ JRVR traded down $0.06 during mid-day trading on Monday, hitting $6.13. The company had a trading volume of 206,385 shares, compared to its average volume of 255,276. The company has a market capitalization of $281.80 million, a PE ratio of 8.40 and a beta of -0.03. The business's 50-day simple moving average is $6.40 and its 200 day simple moving average is $6.23. James River Group has a 1-year low of $4.54 and a 1-year high of $7.20. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.65 and a quick ratio of 0.65.

James River Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, March 13th. James River Group's dividend payout ratio (DPR) is presently 5.48%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Truist Financial upped their price objective on James River Group from $6.00 to $7.00 and gave the company a "hold" rating in a report on Tuesday, March 3rd. Wall Street Zen upgraded James River Group from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Zacks Research cut James River Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 5th. Finally, Weiss Ratings upgraded James River Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, James River Group has an average rating of "Hold" and an average price target of $7.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC acquired a new position in James River Group during the 2nd quarter worth $61,000. PharVision Advisers LLC acquired a new position in James River Group during the 3rd quarter worth $59,000. HRT Financial LP acquired a new position in James River Group during the 4th quarter worth $74,000. Jump Financial LLC acquired a new position in James River Group during the 4th quarter worth $76,000. Finally, BNP Paribas Financial Markets grew its stake in James River Group by 43.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,211 shares of the insurance provider's stock worth $77,000 after purchasing an additional 3,971 shares in the last quarter. 95.21% of the stock is owned by institutional investors and hedge funds.

About James River Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.