James River Group (NASDAQ:JRVR) posted its quarterly earnings results on Thursday. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.05, Fidelity Earnings reports. The firm had revenue of $224.69 million for the quarter, compared to analyst estimates of $224.90 million. James River Group had a net margin of 5.90% and a return on equity of 8.35%.
NASDAQ JRVR opened at $37.46 on Friday. James River Group has a twelve month low of $32.17 and a twelve month high of $43.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 23.86 and a beta of 0.60.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, December 13th. James River Group’s payout ratio is 76.43%.
Several research analysts have issued reports on JRVR shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $46.00 price target on shares of James River Group in a research report on Friday, August 3rd. BidaskClub upgraded shares of James River Group from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Zacks Investment Research upgraded shares of James River Group from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday, August 9th. ValuEngine upgraded shares of James River Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Finally, B. Riley lifted their price target on shares of James River Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. James River Group presently has a consensus rating of “Hold” and a consensus price target of $43.25.
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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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