James River Group Holdings Ltd (NASDAQ:JRVR) declared a quarterly dividend on Wednesday, November 7th, Zacks reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.30 per share by the insurance provider on Friday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, December 13th.
James River Group has a payout ratio of 51.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect James River Group to earn $2.65 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 45.3%.
Shares of JRVR traded down $0.04 during trading hours on Friday, hitting $37.97. The company had a trading volume of 89,980 shares, compared to its average volume of 101,585. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $1.14 billion, a PE ratio of 24.18 and a beta of 0.59. James River Group has a 52-week low of $32.17 and a 52-week high of $43.47.
James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Thursday, November 8th. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. The firm had revenue of $224.69 million during the quarter, compared to analyst estimates of $224.90 million. James River Group had a return on equity of 8.33% and a net margin of 5.90%. As a group, sell-side analysts anticipate that James River Group will post 2.41 EPS for the current year.
A number of equities analysts have weighed in on the company. BidaskClub raised James River Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Zacks Investment Research raised James River Group from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, November 13th. Keefe, Bruyette & Woods reissued a “mkt perform” rating on shares of James River Group in a research report on Monday, November 12th. Finally, ValuEngine lowered James River Group from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $41.00.
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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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