Media headlines about James River Group (NASDAQ:JRVR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. James River Group earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 45.9309523015643 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
Several analysts recently commented on the company. Zacks Investment Research lowered James River Group from a “hold” rating to a “sell” rating in a report on Saturday, May 5th. BidaskClub lowered James River Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. ValuEngine raised James River Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. SunTrust Banks cut their price target on James River Group to $44.00 and set a “buy” rating for the company in a report on Monday, February 26th. Finally, Keefe, Bruyette & Woods raised James River Group from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Thursday, March 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. James River Group has an average rating of “Hold” and an average target price of $42.50.
NASDAQ:JRVR opened at $36.93 on Monday. James River Group has a 52-week low of $32.17 and a 52-week high of $44.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 23.52 and a beta of 0.46.
James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Thursday, May 3rd. The insurance provider reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02. James River Group had a return on equity of 6.56% and a net margin of 4.74%. The business had revenue of $218.34 million during the quarter, compared to analyst estimates of $214.55 million. equities research analysts predict that James River Group will post 2.28 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Monday, June 11th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, June 8th. James River Group’s dividend payout ratio is presently 76.43%.
In other James River Group news, Director Janet Raye Cowell acquired 1,206 shares of the stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $33.16 per share, for a total transaction of $39,990.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven J. Hartman sold 25,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $34.63, for a total value of $865,750.00. The disclosure for this sale can be found here. Insiders have sold 3,362,238 shares of company stock valued at $121,049,413 in the last three months. 15.00% of the stock is currently owned by corporate insiders.
James River Group Company Profile
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites property and liability insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.
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