James River Group Holdings, Ltd. (NASDAQ:JRVR) – Research analysts at B. Riley issued their FY2017 earnings per share (EPS) estimates for James River Group Holdings in a research report issued on Monday. B. Riley analyst R. Binner expects that the insurance provider will post earnings per share of $2.15 for the year. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for James River Group Holdings’ FY2018 earnings at $2.50 EPS and FY2019 earnings at $2.65 EPS.

A number of other brokerages have also recently issued reports on JRVR. Zacks Investment Research cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. JMP Securities began coverage on shares of James River Group Holdings in a research note on Tuesday, October 17th. They issued an “outperform” rating and a $47.00 price target on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $42.00 price target on shares of James River Group Holdings in a research note on Friday, August 18th. BidaskClub cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, ValuEngine cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $47.00.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.watchlistnews.com/james-river-group-holdings-ltd-jrvr-forecasted-to-earn-fy2017-earnings-of-2-15-per-share/1687800.html.

Shares of James River Group Holdings (NASDAQ:JRVR) traded up $0.28 during trading on Wednesday, reaching $41.51. 34,886 shares of the company were exchanged, compared to its average volume of 81,634. The company has a market cap of $1,227.68, a PE ratio of 18.86 and a beta of 0.56. James River Group Holdings has a 52 week low of $36.00 and a 52 week high of $46.20. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.12.

James River Group Holdings (NASDAQ:JRVR) last announced its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. The company had revenue of $220.87 million for the quarter, compared to analysts’ expectations of $198.67 million. James River Group Holdings had a net margin of 8.98% and a return on equity of 9.41%. James River Group Holdings’s revenue was up 45.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS.

A number of large investors have recently modified their holdings of JRVR. Goldman Sachs Group Inc. raised its position in James River Group Holdings by 4,472.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 853,306 shares of the insurance provider’s stock worth $33,902,000 after buying an additional 834,645 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of James River Group Holdings by 5,366.2% during the 3rd quarter. Principal Financial Group Inc. now owns 722,473 shares of the insurance provider’s stock valued at $29,968,000 after purchasing an additional 709,256 shares during the last quarter. Citadel Advisors LLC increased its position in shares of James River Group Holdings by 384.0% during the 2nd quarter. Citadel Advisors LLC now owns 414,314 shares of the insurance provider’s stock valued at $16,461,000 after purchasing an additional 328,717 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of James River Group Holdings during the 2nd quarter valued at about $9,123,000. Finally, Laurion Capital Management LP purchased a new stake in shares of James River Group Holdings during the 2nd quarter valued at about $7,936,000. 92.36% of the stock is owned by institutional investors and hedge funds.

In other James River Group Holdings news, CEO Steven J. Hartman sold 5,264 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $38.91, for a total value of $204,822.24. Following the completion of the transaction, the chief executive officer now owns 55,843 shares of the company’s stock, valued at approximately $2,172,851.13. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Steven J. Hartman sold 19,736 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $39.42, for a total value of $777,993.12. Following the completion of the transaction, the chief executive officer now directly owns 70,315 shares of the company’s stock, valued at approximately $2,771,817.30. The disclosure for this sale can be found here. 41.00% of the stock is currently owned by insiders.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be given a $0.80 dividend. This is a positive change from James River Group Holdings’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, December 14th. This represents a $3.20 dividend on an annualized basis and a yield of 7.71%. James River Group Holdings’s payout ratio is 52.63%.

James River Group Holdings Company Profile

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.

Earnings History and Estimates for James River Group Holdings (NASDAQ:JRVR)

Receive News & Ratings for James River Group Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group Holdings Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.