Somewhat Positive Press Coverage Somewhat Unlikely to Affect James River Group Holdings (JRVR) Stock Price
Press coverage about James River Group Holdings (NASDAQ:JRVR) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. James River Group Holdings earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 47.6495115359755 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
James River Group Holdings (NASDAQ JRVR) opened at $39.00 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.25 and a quick ratio of 0.22. James River Group Holdings has a 52-week low of $37.27 and a 52-week high of $46.20. The firm has a market cap of $1,150.00 and a P/E ratio of 18.96.
James River Group Holdings (NASDAQ:JRVR) last released its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. James River Group Holdings had a net margin of 8.98% and a return on equity of 9.36%. The business had revenue of $220.87 million for the quarter, compared to the consensus estimate of $198.67 million. During the same period last year, the firm earned $0.72 earnings per share. The company’s quarterly revenue was up 45.9% on a year-over-year basis. sell-side analysts predict that James River Group Holdings will post 2.18 EPS for the current fiscal year.
The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from James River Group Holdings’s previous quarterly dividend of $0.30. This represents a $3.20 annualized dividend and a yield of 8.21%. James River Group Holdings’s dividend payout ratio (DPR) is presently 52.63%.
A number of brokerages recently weighed in on JRVR. Zacks Investment Research downgraded shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. BidaskClub downgraded shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 price objective on shares of James River Group Holdings in a research report on Friday, August 18th. B. Riley restated a “buy” rating on shares of James River Group Holdings in a research report on Monday, November 6th. Finally, ValuEngine downgraded shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. James River Group Holdings has a consensus rating of “Hold” and a consensus target price of $47.00.
In other news, CEO Steven J. Hartman sold 19,736 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $39.42, for a total transaction of $777,993.12. Following the sale, the chief executive officer now directly owns 70,315 shares in the company, valued at approximately $2,771,817.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven J. Hartman sold 5,264 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $38.91, for a total transaction of $204,822.24. Following the sale, the chief executive officer now owns 55,843 shares in the company, valued at $2,172,851.13. The disclosure for this sale can be found here. 41.00% of the stock is currently owned by company insiders.
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.
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