James River Group (NASDAQ:JRVR) Announces Earnings Results, Misses Expectations By $0.09 EPS

James River Group (NASDAQ:JRVR) released its quarterly earnings data on Monday. The insurance provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.09), Briefing.com reports. James River Group had a negative net margin of 10.56% and a positive return on equity of 12.85%. The business had revenue of $188.30 million for the quarter, compared to the consensus estimate of $169.39 million. During the same quarter last year, the business earned $0.53 EPS. James River Group’s revenue for the quarter was down 3.3% compared to the same quarter last year.

James River Group Trading Up 3.1 %

JRVR stock traded up $0.22 during midday trading on Wednesday, reaching $7.36. The company’s stock had a trading volume of 381,694 shares, compared to its average volume of 854,362. James River Group has a 1 year low of $6.35 and a 1 year high of $17.50. The firm has a market capitalization of $278.40 million, a price-to-earnings ratio of -3.42 and a beta of 0.16. The stock has a fifty day simple moving average of $7.77 and a two-hundred day simple moving average of $8.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.57 and a current ratio of 0.57.

James River Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.72%. The ex-dividend date is Monday, September 16th. James River Group’s dividend payout ratio (DPR) is presently -9.57%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on JRVR shares. JMP Securities lowered their price target on shares of James River Group from $14.00 to $11.00 and set a “market outperform” rating for the company in a report on Tuesday. Compass Point dropped their target price on James River Group from $12.50 to $12.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Truist Financial cut their target price on James River Group from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.17.

James River Group Company Profile

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.