James River Group Holdings Ltd (JRVR) Given Consensus Rating of “Hold” by Brokerages
Shares of James River Group Holdings Ltd (NASDAQ:JRVR) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $45.00.
Several equities research analysts have issued reports on the stock. B. Riley lowered shares of James River Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $47.00 to $39.00 in a report on Thursday, January 4th. Zacks Investment Research raised shares of James River Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. JMP Securities assumed coverage on shares of James River Group in a report on Tuesday, October 17th. They issued an “outperform” rating and a $47.00 price target on the stock. BidaskClub lowered shares of James River Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $42.00 price target on shares of James River Group in a report on Thursday, September 21st.
In other news, Director Bryan Martin sold 450,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $38.10, for a total value of $17,145,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman J Adam Abram sold 400,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $38.10, for a total transaction of $15,240,000.00. Following the completion of the sale, the chairman now directly owns 368,247 shares in the company, valued at approximately $14,030,210.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,450,000 shares of company stock worth $131,445,000. 41.00% of the stock is owned by insiders.
Shares of James River Group (NASDAQ JRVR) traded up $0.16 during trading on Monday, reaching $36.13. 179,200 shares of the company’s stock traded hands, compared to its average volume of 274,622. The company has a market cap of $1,070.00, a price-to-earnings ratio of 15.85 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.25 and a quick ratio of 0.25. James River Group has a 12-month low of $35.52 and a 12-month high of $46.20.
James River Group (NASDAQ:JRVR) last announced its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $220.87 million for the quarter, compared to analyst estimates of $198.67 million. James River Group had a net margin of 8.98% and a return on equity of 9.36%. The business’s revenue for the quarter was up 45.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. sell-side analysts forecast that James River Group will post 2.18 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 15th were issued a $0.80 dividend. This is a positive change from James River Group’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, December 14th. This represents a $3.20 annualized dividend and a dividend yield of 8.86%. James River Group’s dividend payout ratio is presently 140.35%.
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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.
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