Press coverage about James River Group (NASDAQ:JRVR) has trended positive on Thursday, according to Accern. The research group identifies positive and negative 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 media coverage about the insurance provider an impact score of 45.7333146204351 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of James River Group (JRVR) opened at $35.52 on Thursday. James River Group has a one year low of $35.41 and a one year high of $46.20. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1,053.29, a PE ratio of 15.58 and a beta of 0.50.
James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. James River Group had a net margin of 8.98% and a return on equity of 9.36%. The firm had revenue of $220.87 million for the quarter, compared to analysts’ expectations of $198.67 million. During the same period in the previous year, the business earned $0.72 earnings per share. James River Group’s revenue for the quarter was up 45.9% compared to the same quarter last year. research analysts predict that James River Group will post 2.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 15th were given a $0.80 dividend. The ex-dividend date was Thursday, December 14th. This is a boost from James River Group’s previous quarterly dividend of $0.30. This represents a $3.20 annualized dividend and a yield of 9.01%. James River Group’s payout ratio is 140.35%.
A number of analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $47.00 price target on shares of James River Group in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of James River Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $42.00 price objective on shares of James River Group in a report on Thursday, September 21st. BidaskClub raised shares of James River Group from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Finally, JMP Securities initiated 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $45.00.
In other James River Group news, Director David Zwillinger sold 2,600,000 shares of James River Group stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $38.10, for a total transaction of $99,060,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman J Adam Abram sold 400,000 shares of James River Group stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $38.10, for a total value of $15,240,000.00. Following the transaction, 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 90 days, insiders have sold 3,450,000 shares of company stock worth $131,445,000. Corporate insiders own 41.00% of the company’s stock.
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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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