James River Group (NASDAQ:JRVR) Releases Quarterly Earnings Results

James River Group (NASDAQ:JRVR) released its earnings results on Monday. The insurance provider reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.66), Zacks reports. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The business had revenue of $126.71 million for the quarter, compared to the consensus estimate of $159.91 million. During the same period in the prior year, the company posted $0.33 EPS.

James River Group Stock Performance

JRVR stock opened at $4.90 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $185.36 million, a P/E ratio of -1.21 and a beta of 0.07. The business has a 50-day moving average price of $4.80 and a 200 day moving average price of $5.60. James River Group has a 1-year low of $4.35 and a 1-year high of $10.06.

James River Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Monday, December 16th. James River Group’s payout ratio is -0.99%.

Analyst Ratings Changes

Separately, JMP Securities decreased their target price on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research report on Friday, December 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.