James River Group (NASDAQ:JRVR - Get Free Report) issued its quarterly earnings results on Monday. The insurance provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05), Zacks reports. The business had revenue of $172.29 million for the quarter, compared to analyst estimates of $184.15 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%.
James River Group Stock Performance
James River Group stock traded down $0.09 during mid-day trading on Friday, reaching $4.66. The company's stock had a trading volume of 197,789 shares, compared to its average volume of 331,721. The firm's fifty day moving average price is $4.25 and its two-hundred day moving average price is $4.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65. James River Group has a 12-month low of $3.00 and a 12-month high of $8.99. The company has a market capitalization of $212.70 million, a P/E ratio of -1.15 and a beta of 0.02.
James River Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Monday, June 9th. James River Group's payout ratio is currently -1.29%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Citigroup restated a "hold" rating on shares of James River Group in a research note on Tuesday, March 11th. JMP Securities restated a "market outperform" rating and set a $8.00 price objective on shares of James River Group in a report on Tuesday. Keefe, Bruyette & Woods cut their target price on James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a report on Thursday, March 13th. Truist Financial reduced their price target on shares of James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Tuesday, March 11th. Finally, Compass Point lowered their price objective on shares of James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a report on Monday, March 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.06.
Check Out Our Latest Report on James River Group
About James River Group
(
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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.
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