FY2018 EPS Estimates for James River Group Holdings Ltd (JRVR) Reduced by Analyst

James River Group Holdings Ltd (NASDAQ:JRVR) – Equities researchers at B. Riley reduced their FY2018 earnings per share estimates for James River Group in a research note issued on Thursday. B. Riley analyst R. Binner now forecasts that the insurance provider will post earnings of $2.25 per share for the year, down from their prior forecast of $2.50. B. Riley currently has a “Neutral” rating and a $39.00 target price on the stock. B. Riley also issued estimates for James River Group’s FY2019 earnings at $2.45 EPS.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of James River Group from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub raised shares of James River Group from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $42.00 price target on shares of James River Group in a research report on Thursday, September 21st. Finally, JMP Securities began coverage on shares of James River Group in a research report on Tuesday, October 17th. They set an “outperform” rating and a $47.00 price target for the company. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. James River Group has a consensus rating of “Hold” and an average target price of $45.00.

James River Group (NASDAQ:JRVR) traded down $1.88 during mid-day trading on Friday, reaching $38.01. 512,300 shares of the company were exchanged, compared to its average volume of 292,200. The firm has a market cap of $1,181.21, a PE ratio of 16.67 and a beta of 0.50. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.12. James River Group has a one year low of $37.24 and a one year high of $46.20.

James River Group (NASDAQ:JRVR) last released its earnings results on Wednesday, November 1st. The insurance provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $220.87 million during the quarter, compared to analysts’ expectations of $198.67 million. James River Group had a net margin of 8.98% and a return on equity of 9.36%. James River Group’s revenue for the quarter was up 45.9% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 15th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, December 14th. This is a positive change from James River Group’s previous quarterly dividend of $0.30. This represents a $3.20 dividend on an annualized basis and a yield of 8.42%. James River Group’s dividend payout ratio (DPR) is currently 140.35%.

In other James River Group news, Director Bryan Martin sold 450,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $38.10, for a total transaction of $17,145,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Zwillinger sold 2,600,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $38.10, for a total transaction of $99,060,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,450,000 shares of company stock valued at $131,445,000 over the last three months. 41.00% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Susquehanna International Group LLP purchased a new position in shares of James River Group during the 3rd quarter valued at approximately $1,280,000. California Public Employees Retirement System increased its holdings in shares of James River Group by 21.5% during the 3rd quarter. California Public Employees Retirement System now owns 49,195 shares of the insurance provider’s stock valued at $2,041,000 after purchasing an additional 8,695 shares in the last quarter. Granahan Investment Management Inc. MA increased its holdings in shares of James River Group by 24.4% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 168,328 shares of the insurance provider’s stock valued at $6,982,000 after purchasing an additional 32,985 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of James River Group by 12.8% during the 3rd quarter. California State Teachers Retirement System now owns 36,025 shares of the insurance provider’s stock valued at $1,494,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of James River Group by 44.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 481,318 shares of the insurance provider’s stock valued at $19,966,000 after purchasing an additional 148,301 shares in the last quarter. 96.17% of the stock is owned by hedge funds and other institutional investors.

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About James River Group

James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers commercial excess and surplus lines liability and excess property insurance products.

Earnings History and Estimates for James River Group (NASDAQ:JRVR)

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