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 Ratio23.43
Forward P/E Ratio15.46
P/E GrowthN/A
Sales & Book Value
Annual Sales$817.63 million
Price / Sales1.34
Cash Flow$5.5912 per share
Price / Cash6.58
Book Value$23.46 per share
Price / Book1.57
Profitability
EPS (Most Recent Fiscal Year)$1.57
Net Income$43.56 million
Net Margins5.33%
Return on Equity6.67%
Return on Assets1.82%
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 declared a quarterly dividend on Wednesday, February 21st. Investors of record on Monday, March 12th will be given a dividend of $0.30 per share on Friday, March 30th. This represents a $1.20 annualized dividend and a yield of 3.26%. The ex-dividend date is Friday, March 9th. View James River Group's Dividend History.
How were James River Group's earnings last quarter?
James River Group Holdings Ltd (NASDAQ:JRVR) issued its quarterly earnings data on Thursday, February, 22nd. The insurance provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.71 by $0.58. The insurance provider earned $217.96 million during the quarter, compared to analysts' expectations of $208.56 million. James River Group had a net margin of 5.33% and a return on equity of 6.67%. The business's revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 earnings per share. View James River Group's Earnings History.
When is James River Group's next earnings date?
What price target have analysts set for JRVR?
4 brokerages have issued 1-year price targets for James River Group's shares. Their forecasts range from $39.00 to $47.00. On average, they expect 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 Horace Mann Educators (HMN), Navigators Group (NAVG), Third Point Reinsurance (TPRE), Employers (EIG), Infinity Property & Casualty (IPCC), State Auto Financial (STFC), United Fire & Casualty (UFCS), Safety Insurance Group (SAFT), Universal Insurance (UVE), Kinsale Capital Group (KNSL), AMERISAFE (AMSF), TCP Capital (TCPC), United Insurance (UIHC), Maiden (MHLD), Greenlight Capital Re (GLRE), Global Indemnity (GBLI), EMC Insurance Group (EMCI) and Heritage Insurance (HRTG).
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)
- Mr. Richard J. Schmitzer, CEO of Excess & Surplus Lines Division and Pres of Excess & Surplus Lines Division (Age 62)
- Ms. Sarah C. Doran, Chief Financial Officer (Age 44)
- Mr. Kevin B. Copeland, Sr. VP of Fin. & Chief Investment Officer
When did James River Group IPO?
(JRVR) raised $253 million in an initial public offering on Friday, December 12th 2014. The company issued 11,000,000 shares at a price of $22.00-$24.00 per share. Keefe Bruyette & Woods (A Stifel Company ), UBS Investment Bank, FBR and BMO Capital Markets acted 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, according to Accern Sentiment. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. James River Group earned a media sentiment score of 0.06 on Accern's scale. They also gave news stories about the insurance provider an impact score of 46.72 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
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 $36.79.
How big of a company is James River Group?
James River Group has a market capitalization of $1.10 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 15.52%. 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 | Buy | Buy |
| Consensus Rating Score: | 2.75 | 2.75 | 2.50 | 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)
2 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 | $45.00 | $47.00 |
| Price Target Upside: | 15.52% upside | 23.76% upside | 12.81% upside | 11.96% upside |
James River Group (NASDAQ:JRVR) Consensus Price Target History
James River Group (NASDAQ:JRVR) Analyst Ratings History
Show:
(Data available from 4/22/2016 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 3.26%. JRVR's most recent quarterly dividend payment was Friday, March 30. James River Group pays out 76.43% of its earnings out as a dividend.
| Most Recent Dividend: | 3/30/2018 |
| Annual Dividend: | $1.20 |
| Dividend Yield: | 3.26% |
| Payout Ratio: | 76.43% (Trailing 12 Months of Earnings)
50.42% (Based on This Year's Estimates)
45.11% (Based on Next Year's Estimates)
|
James River Group (NASDAQ:JRVR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 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: 95.97%
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 |
|---|
| 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 Sunday, April, 22, 2018
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