James River Group Holdings, Ltd. (JRVR) to Issue Quarterly Dividend of $0.01 on March 31st

James River Group Holdings, Ltd. (NASDAQ:JRVR) announced a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Investors of record on Monday, March 10th will be given a dividend of 0.01 per share by the insurance provider on Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, March 10th.

James River Group has decreased its dividend by an average of 48.9% annually over the last three years. James River Group has a dividend payout ratio of 2.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect James River Group to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.2%.

James River Group Price Performance

JRVR stock opened at $4.07 on Friday. The business’s fifty day moving average price is $4.74 and its 200 day moving average price is $5.53. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. James River Group has a 12-month low of $3.00 and a 12-month high of $9.84. The company has a market capitalization of $153.96 million, a PE ratio of -1.00 and a beta of 0.07.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.66). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The company had revenue of $126.71 million for the quarter, compared to analysts’ expectations of $159.91 million. During the same quarter last year, the company earned $0.33 EPS. On average, sell-side analysts anticipate that James River Group will post -0.35 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on JRVR shares. JMP Securities cut their price target on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a report on Friday, December 20th. StockNews.com downgraded James River Group from a “hold” rating to a “sell” rating in a report on Friday.

About James River Group

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.