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 dividend on an annualized basis 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% meaning its dividend is sufficiently covered by earnings. 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%.

JRVR opened at $37.97 on Friday. James River Group has a one year low of $32.17 and a one year high of $43.47. The stock has a market capitalization of $1.14 billion, a PE ratio of 24.18 and a beta of 0.59. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.14.

James River Group (NASDAQ:JRVR) last released its quarterly earnings data on Thursday, November 8th. The insurance provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. James River Group had a return on equity of 8.33% and a net margin of 5.90%. The business had revenue of $224.69 million for the quarter, compared to the consensus estimate of $224.90 million. On average, research analysts expect that James River Group will post 2.41 earnings per share for the current year.

A number of research analysts have recently commented on the company. BidaskClub upgraded James River Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Zacks Investment Research upgraded James River Group from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Tuesday, November 13th. Keefe, Bruyette & Woods reiterated a “mkt perform” rating on shares of James River Group in a report on Monday, November 12th. Finally, ValuEngine downgraded James River Group from a “buy” rating to a “hold” rating in a 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’s stock. James River Group currently has a consensus rating of “Buy” and a consensus target price of $41.00.

COPYRIGHT VIOLATION NOTICE: “James River Group Holdings Ltd (JRVR) to Issue $0.30 Quarterly Dividend” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/james-river-group-holdings-ltd-jrvr-to-issue-0-30-quarterly-dividend/2669992.html.

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.

Read More: Can individual investors take part in an IPO?

Dividend History for James River Group (NASDAQ:JRVR)

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