Brokers Offer Predictions for James River Group Holdings, Ltd.’s Q3 2018 Earnings (JRVR)

James River Group Holdings, Ltd. (NASDAQ:JRVR) – Equities researchers at SunTrust Banks boosted their Q3 2018 earnings per share estimates for James River Group Holdings in a research report issued on Monday. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will earn $0.77 per share for the quarter, up from their previous forecast of $0.76.

James River Group Holdings (NASDAQ:JRVR) last issued its earnings results on Tuesday, August 1st. The insurance provider reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.04). James River Group Holdings had a return on equity of 10.80% and a net margin of 11.45%. The business had revenue of $202.40 million for the quarter, compared to analysts’ expectations of $169.83 million. During the same period last year, the business earned $0.46 EPS. The company’s revenue for the quarter was up 50.5% on a year-over-year basis.

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A number of other brokerages have also recently weighed in on JRVR. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price target on shares of James River Group Holdings in a research note on Friday, August 18th. BidaskClub cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of James River Group Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, JMP Securities initiated coverage on shares of James River Group Holdings in a research note on Tuesday. They set an “outperform” rating and a $47.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $47.00.

Shares of James River Group Holdings (NASDAQ:JRVR) traded up 0.363% on Thursday, hitting $42.815. 65,076 shares of the company traded hands. The stock’s 50-day moving average price is $40.70 and its 200-day moving average price is $40.55. James River Group Holdings has a 12 month low of $35.95 and a 12 month high of $46.20. The company has a market capitalization of $1.26 billion, a PE ratio of 16.126 and a beta of 0.57.

A number of institutional investors have recently made changes to their positions in the business. Advisor Group Inc. raised its position in James River Group Holdings by 11.0% during the 2nd quarter. Advisor Group Inc. now owns 3,937 shares of the insurance provider’s stock worth $156,000 after buying an additional 391 shares during the last quarter. American International Group Inc. raised its position in James River Group Holdings by 7.1% during the 1st quarter. American International Group Inc. now owns 8,791 shares of the insurance provider’s stock worth $377,000 after buying an additional 585 shares during the last quarter. Legal & General Group Plc raised its position in James River Group Holdings by 21.4% during the 2nd quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock worth $169,000 after buying an additional 748 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in James River Group Holdings by 9.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 11,384 shares of the insurance provider’s stock worth $488,000 after buying an additional 942 shares during the last quarter. Finally, People s United Financial Inc. raised its position in James River Group Holdings by 14.5% during the 2nd quarter. People s United Financial Inc. now owns 8,113 shares of the insurance provider’s stock worth $323,000 after buying an additional 1,030 shares during the last quarter. Institutional investors own 92.72% of the company’s stock.

In other James River Group Holdings news, CEO Steven J. Hartman sold 19,736 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $39.42, for a total transaction of $777,993.12. Following the completion of the transaction, the chief executive officer now owns 70,315 shares in the company, valued at approximately $2,771,817.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Steven J. Hartman sold 5,264 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $38.91, for a total transaction of $204,822.24. Following the transaction, the chief executive officer now owns 55,843 shares of the company’s stock, valued at approximately $2,172,851.13. The disclosure for this sale can be found here. 41.00% of the stock is currently owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $1.20 dividend on an annualized basis and a yield of 2.81%. James River Group Holdings’s payout ratio is currently 45.28%.

James River Group Holdings Company Profile

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 Holdings (NASDAQ:JRVR)

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