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About James River Group (NASDAQ:JRVR)
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites property and liability insurance on an excess and surplus commercial lines basis in all states and the District of Columbia. This segment distributes its insurance policies primarily through wholesale insurance brokers. The company's Specialty Admitted Insurance segment provides workers' compensation coverage for residential contractors, light manufacturing operations, transportation workers, healthcare workers, and fronting and program business in North Carolina, Georgia, New Jersey, South Carolina, Pennsylvania, Massachusetts, Rhode Island, Virginia, South Carolina, and Tennessee. Its Casualty Reinsurance segment offers proportional and working layer casualty reinsurance to third parties and unaffiliated insurance companies. James River Group Holdings, Ltd. was founded in 2002 and is headquartered in Pembroke, Bermuda.
Industry, Sector and Symbol
Industry Fire, marine, & casualty insurance
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:JRVR
CUSIPN/A
Phone441-278-4580
Debt
Debt-to-Equity Ratio0.14
Current Ratio0.27
Quick Ratio0.27
Price-To-Earnings
Trailing P/E Ratio24.40
Forward P/E Ratio16.80
P/E GrowthN/A
Sales & Book Value
Annual Sales$817.63 million
Price / Sales1.40
Cash Flow$5.5994 per share
Price / Cash6.84
Book Value$22.96 per share
Price / Book1.67
Profitability
EPS (Most Recent Fiscal Year)$1.57
Net Income$43.56 million
Net Margins4.74%
Return on Equity6.56%
Return on Assets1.70%
Miscellaneous
Employees760
Outstanding Shares29,870,000
James River Group (NASDAQ:JRVR) Frequently Asked Questions
What is James River Group's stock symbol?
James River Group trades on the NASDAQ under the ticker symbol "JRVR."
How often does James River Group pay dividends? What is the dividend yield for James River Group?
James River Group announced a quarterly dividend on Wednesday, May 2nd. Investors of record on Monday, June 11th will be given a dividend of $0.30 per share on Friday, June 29th. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, June 8th. View James River Group's Dividend History.
How were James River Group's earnings last quarter?
James River Group Holdings Ltd (NASDAQ:JRVR) announced its earnings results on Thursday, May, 3rd. The insurance provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.53 by $0.02. The insurance provider earned $218.34 million during the quarter, compared to analyst estimates of $214.55 million. James River Group had a return on equity of 6.56% and a net margin of 4.74%. View James River Group's Earnings History.
What price target have analysts set for JRVR?
4 analysts have issued 12 month target prices for James River Group's shares. Their forecasts range from $39.00 to $47.00. On average, they anticipate James River Group's stock price to reach $42.50 in the next twelve months. View Analyst Ratings for James River Group.
Who are some of James River Group's key competitors?
Some companies that are related to James River Group include Enstar Gr (ESGR), Kemper (KMPR), White Mountains Insurance Group (WTM), Selective Insurance (SIGI), RLI (RLI), National General (NGHC), AmTrust Financial Services (AFSI), Mercury General (MCY), Aspen Insurance (AHL), ProAssurance (PRA), Horace Mann Educators (HMN), Navigators Group (NAVG), Infinity Property and Casualty (IPCC), Third Point Reinsurance (TPRE) and United Fire & Casualty (UFCS).
Who are James River Group's key executives?
James River Group's management team includes the folowing people:
- Mr. Jonathan Adam Abram, Non-Exec. Chairman (Age 62)
- Mr. Robert Patrick Myron, CEO & Director (Age 49)
- Ms. Sarah C. Doran, Chief Financial Officer (Age 44)
- Mr. Dennis Johnson, Chief Underwriting Officer of Speciality Admitted Insurance Segment (Age 69)
- Mr. Richard J. Schmitzer, CEO of Excess & Surplus Lines Division and Pres of Excess & Surplus Lines Division (Age 62)
When did James River Group IPO?
(JRVR) raised $253 million in an initial public offering (IPO) on Friday, December 12th 2014. The company issued 11,000,000 shares at $22.00-$24.00 per share. Keefe Bruyette & Woods (A Stifel Company ), UBS Investment Bank, FBR and BMO Capital Markets served as the underwriters for the IPO and KeyBanc Capital Markets, SunTrust Robinson Humphrey and Scotiabank were co-managers.
Has James River Group been receiving favorable news coverage?
News stories about JRVR stock have trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. James River Group earned a news impact score of 0.06 on Accern's scale. They also assigned news coverage about the insurance provider an impact score of 46.73 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are James River Group's major shareholders?
James River Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.23%), Principal Financial Group Inc. (7.98%), Principal Financial Group Inc. (7.98%), Frontier Capital Management Co. LLC (4.33%), Dimensional Fund Advisors LP (3.04%) and American Century Companies Inc. (2.55%). Company insiders that own James River Group stock include Bryan Martin, David Zwillinger, E Shaw Oculus Portfolios D, J Adam Abram, Janet Raye Cowell, Michael T Oakes and Steven J Hartman. View Institutional Ownership Trends for James River Group.
Which major investors are selling James River Group stock?
JRVR stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., OppenheimerFunds Inc., Citadel Advisors LLC, Citigroup Inc., Thompson Siegel & Walmsley LLC, Envestnet Asset Management Inc., Opus Capital Group LLC and New York State Common Retirement Fund. Company insiders that have sold James River Group company stock in the last year include Bryan Martin, David Zwillinger, E Shaw Oculus Portfolios D, J Adam Abram, Michael T Oakes and Steven J Hartman. View Insider Buying and Selling for James River Group.
Which major investors are buying James River Group stock?
JRVR stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Principal Financial Group Inc., American Century Companies Inc., Dimensional Fund Advisors LP, Champlain Investment Partners LLC, Cortina Asset Management LLC, Royal Bank of Canada and PhiloSmith Capital Corp. View Insider Buying and Selling for James River Group.
How do I buy shares of James River Group?
Shares of JRVR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is James River Group's stock price today?
One share of JRVR stock can currently be purchased for approximately $38.30.
How big of a company is James River Group?
James River Group has a market capitalization of $1.14 billion and generates $817.63 million in revenue each year. The insurance provider earns $43.56 million in net income (profit) each year or $1.57 on an earnings per share basis. James River Group employs 760 workers across the globe.
How can I contact James River Group?
James River Group's mailing address is 90 PITTS BAY ROAD 2ND FLOOR, PEMBROKE D0, HM 08. The insurance provider can be reached via phone at 441-278-4580 or via email at [email protected]
MarketBeat Community Rating for James River Group (JRVR)
MarketBeat's community ratings are surveys of what our community members think about James River Group and other stocks. Vote "Outperform" if you believe JRVR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe JRVR will underperform the S&P 500 over the long term. You may vote once every thirty days.
James River Group (NASDAQ:JRVR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for James River Group in the last 12 months. Their average twelve-month price target is $42.50, suggesting that the stock has a possible upside of 10.97%. The high price target for JRVR is $47.00 and the low price target for JRVR is $39.00. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Hold | Buy |
| Consensus Rating Score: | 2.75 | 2.75 | 2.33 | 2.75 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $42.50 | $42.50 | $42.6667 | $47.00 |
| Price Target Upside: | 10.97% upside | 23.76% upside | 6.96% upside | 22.11% upside |
James River Group (NASDAQ:JRVR) Consensus Price Target History
James River Group (NASDAQ:JRVR) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
James River Group (NASDAQ:JRVR) Dividend Information
James River Group pays an annual dividend of $1.20 per share, with a dividend yield of 3.13%. JRVR's next quarterly dividend payment will be made on Friday, June 29. James River Group pays out 76.43% of its earnings out as a dividend.
| Next Dividend: | 6/29/2018 |
| Annual Dividend: | $1.20 |
| Dividend Yield: | 3.13% |
| Payout Ratio(s): | 76.43% (Trailing 12 Months of Earnings)
52.63% (Based on This Year's Estimates)
46.15% (Based on Next Year's Estimates)
21.43% (Based on Cash Flow)
|
James River Group (NASDAQ:JRVR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/2/2018 | Quarterly | $0.30 | 3.18% | 6/8/2018 | 6/11/2018 | 6/29/2018 |
| 2/21/2018 | Quarterly | $0.30 | 3.59% | 3/9/2018 | 3/12/2018 | 3/30/2018 |
| 10/31/2017 | Quarterly | $0.80 | 2.89% | 12/14/2017 | 12/15/2017 | 12/28/2017 |
| 8/2/2017 | Quarterly | $0.30 | 3.01% | 9/8/2017 | 9/11/2017 | 9/29/2017 |
| 5/8/2017 | quarterly | $0.30 | 2.9% | 6/8/2017 | 6/12/2017 | 6/30/2017 |
| 2/17/2017 | quarterly | $0.30 | 2.73% | 3/9/2017 | 3/13/2017 | 3/31/2017 |
| 11/4/2016 | | $1.65 | | 12/14/2016 | 12/16/2016 | 12/29/2016 |
| 8/4/2016 | Quarterly | $0.20 | | 9/8/2016 | 9/12/2016 | 9/30/2016 |
| 5/5/2016 | Quarterly | $0.20 | | 6/9/2016 | 6/13/2016 | 6/30/2016 |
| 2/19/2016 | Quarterly | $0.20 | | 3/10/2016 | 3/14/2016 | 3/28/2016 |
| 11/5/2015 | Quarterly | $0.16 | | 12/10/2015 | 12/14/2015 | 12/28/2015 |
| 8/5/2015 | | $0.16 | | 9/10/2015 | 9/14/2015 | 9/30/2015 |
| 5/8/2015 | quarterly | $0.16 | 2.64% | 6/11/2015 | 6/15/2015 | 6/30/2015 |
| 2/19/2015 | special | $0.16 | | 3/12/2015 | 3/16/2015 | 3/31/2015 |
(Data available from 1/1/2013 forward)
James River Group (NASDAQ JRVR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 15.00%
Institutional Ownership Percentage: 98.32%
James River Group (NASDAQ JRVR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/15/2018 | E. Shaw Oculus Portfolios D. | Insider | Sell | 3,297,238 | $36.00 | $118,700,568.00 | |  |
| 5/15/2018 | Michael T Oakes | Director | Sell | 17,305 | $36.51 | $631,805.55 | 25,665 | |
| 5/8/2018 | Michael T Oakes | Director | Sell | 22,695 | $37.51 | $851,289.45 | 30,977 | |
| 3/13/2018 | Steven J Hartman | CEO | Sell | 25,000 | $34.63 | $865,750.00 | | |
| 2/28/2018 | Janet Raye Cowell | Director | Buy | 1,206 | $33.16 | $39,990.96 | | |
| 11/27/2017 | Bryan Martin | Director | Sell | 450,000 | $38.10 | $17,145,000.00 | | |
| 11/13/2017 | David Zwillinger | Director | Sell | 2,600,000 | $38.10 | $99,060,000.00 | | |
| 11/13/2017 | J Adam Abram | Chairman | Sell | 400,000 | $38.10 | $15,240,000.00 | 368,247 | |
| 8/29/2017 | Steven J Hartman | CEO | Sell | 5,264 | $38.91 | $204,822.24 | 55,843 | |
| 8/25/2017 | Steven J Hartman | CEO | Sell | 19,736 | $39.42 | $777,993.12 | 70,315 | |
| 6/5/2017 | Bryan Martin | Director | Sell | 4,250,000 | $39.41 | $167,492,500.00 | | |
| 12/12/2016 | Bryan Martin | Director | Sell | 450,000 | $38.00 | $17,100,000.00 | | |
| 9/13/2016 | Steven J Hartman | CEO | Sell | 10,000 | $35.22 | $352,200.00 | 34,453 | |
| 6/3/2015 | J Adam Abram | CEO | Buy | 8,700 | $22.76 | $198,012.00 | | |
| 12/30/2014 | E. Shaw Oculus Portfolios D. | Insider | Sell | 420,762 | $21.00 | $8,836,002.00 | | |
| 12/17/2014 | E. Shaw Oculus Portfolios D. | Insider | Sell | 6,250,000 | $21.00 | $131,250,000.00 | | |
| 12/17/2014 | Goldman Sachs Group Inc | Major Shareholder | Sell | 4,750,000 | $19.74 | $93,765,000.00 | | |
| 12/17/2014 | Gregg T Davis | CFO | Buy | 23,809 | $21.00 | $499,989.00 | | |
| 12/17/2014 | Jerry R Masters | Director | Buy | 17,000 | $21.00 | $357,000.00 | | |
| 12/17/2014 | Robert Patrick Myron | COO | Buy | 47,619 | $21.00 | $999,999.00 | | |
| 12/17/2014 | Steven J Hartman | CEO | Buy | 12,500 | $21.00 | $262,500.00 | | |
(Data available from 1/1/2013 forward)
James River Group (NASDAQ JRVR) News Headlines
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James River Group (NASDAQ:JRVR) SEC Filings
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James River Group (NASDAQ:JRVR) Income Statement, Balance Sheet and Cash Flow Statement
James River Group (NASDAQ JRVR) Stock Chart for Thursday, May, 24, 2018
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