James River Group (NASDAQ:JRVR) Issues Earnings Results

James River Group (NASDAQ:JRVR - Get Free Report) announced its quarterly earnings results on Monday. The insurance provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05), Zacks reports. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The firm had revenue of $172.29 million for the quarter, compared to analyst estimates of $184.15 million.

James River Group Stock Down 0.2 %

JRVR traded down $0.01 during trading on Friday, reaching $4.74. 54,736 shares of the stock traded hands, compared to its average volume of 336,720. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $9.09. The stock's 50-day simple moving average is $4.23 and its two-hundred day simple moving average is $4.74. The stock has a market cap of $216.35 million, a price-to-earnings ratio of -1.17 and a beta of 0.02.

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Monday, June 9th. James River Group's dividend payout ratio (DPR) is presently -1.29%.

Wall Street Analyst Weigh In

JRVR has been the subject of several recent analyst reports. Citigroup restated a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. JMP Securities reissued a "market outperform" rating and set a $8.00 target price on shares of James River Group in a report on Tuesday. Keefe, Bruyette & Woods reduced their price objective on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a research report on Thursday, March 13th. Truist Financial reduced their target price on James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. Finally, Compass Point decreased their price objective on shares of James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a research note on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $6.06.

About James River Group

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.