News stories about James River Group (NASDAQ:JRVR) have trended positive on Thursday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. James River Group earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 45.7333146204351 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
James River Group (NASDAQ:JRVR) opened at $35.82 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $1,060.00, a PE ratio of 15.71 and a beta of 0.50. 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 earnings results on Wednesday, November 1st. The insurance provider reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $220.87 million during 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%. James River Group’s revenue was up 45.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. equities analysts forecast that James River Group will post 2.18 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 15th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 8.93%. The ex-dividend date was Thursday, December 14th. This is a positive change from James River Group’s previous quarterly dividend of $0.30. James River Group’s dividend payout ratio (DPR) is 140.35%.
A number of brokerages recently issued reports on JRVR. B. Riley lowered shares of James River Group from a “buy” rating to a “neutral” rating and dropped their price objective 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. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $42.00 price objective on shares of James River Group in a report on Thursday, September 21st. JMP Securities began coverage on shares of James River Group in a report on Tuesday, October 17th. They issued an “outperform” rating and a $47.00 price objective for the company. Finally, BidaskClub lowered shares of James River Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $45.00.
In other James River Group news, Director David Zwillinger sold 2,600,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $38.10, for a total transaction of $99,060,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman J Adam Abram sold 400,000 shares of the 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 transaction, the chairman now directly owns 368,247 shares of the company’s stock, valued at approximately $14,030,210.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,450,000 shares of company stock valued at $131,445,000. 41.00% of the stock is currently owned by insiders.
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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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