Q4 2019 EPS Estimates for James River Group Holdings Ltd Boosted by Analyst (NASDAQ:JRVR)

James River Group Holdings Ltd (NASDAQ:JRVR) – Stock analysts at SunTrust Banks raised their Q4 2019 EPS estimates for James River Group in a research report issued to clients and investors on Wednesday, October 9th. SunTrust Banks analyst M. Hughes now expects that the insurance provider will post earnings of $0.70 per share for the quarter, up from their prior forecast of $0.69. SunTrust Banks has a “Hold” rating and a $40.00 price target on the stock.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $220.37 million for the quarter, compared to the consensus estimate of $218.10 million. James River Group had a return on equity of 10.62% and a net margin of 8.50%.

JRVR has been the topic of a number of other reports. BidaskClub downgraded James River Group from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. ValuEngine raised James River Group from a “hold” rating to a “buy” rating in a research report on Friday. B. Riley downgraded James River Group from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $45.00 to $40.00 in a research report on Wednesday. Finally, Zacks Investment Research downgraded James River Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.00.

Shares of JRVR stock opened at $37.92 on Thursday. The business’s fifty day simple moving average is $49.10 and its 200-day simple moving average is $45.93. The company has a market cap of $1.15 billion, a PE ratio of 16.27 and a beta of 0.50. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.12. James River Group has a 12-month low of $34.08 and a 12-month high of $52.18.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Friday, September 13th. James River Group’s dividend payout ratio (DPR) is presently 51.50%.

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of James River Group by 3.2% during the 2nd quarter. BlackRock Inc. now owns 4,429,582 shares of the insurance provider’s stock worth $207,749,000 after acquiring an additional 137,561 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of James River Group by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,818,007 shares of the insurance provider’s stock worth $85,265,000 after acquiring an additional 42,184 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in shares of James River Group by 37.7% during the 1st quarter. Champlain Investment Partners LLC now owns 952,240 shares of the insurance provider’s stock worth $38,166,000 after acquiring an additional 260,920 shares in the last quarter. Invesco Ltd. boosted its stake in shares of James River Group by 668.2% during the 2nd quarter. Invesco Ltd. now owns 817,575 shares of the insurance provider’s stock worth $38,345,000 after acquiring an additional 711,141 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of James River Group by 0.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 525,409 shares of the insurance provider’s stock worth $24,642,000 after acquiring an additional 2,630 shares in the last quarter. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

About James River Group

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 liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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

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