James River Group Holdings, Ltd. (JRVR) to Issue Quarterly Dividend of $0.01 on June 30th

James River Group Holdings, Ltd. (NASDAQ:JRVR – Get Free Report) declared a quarterly dividend on Monday, May 4th. Stockholders of record on Monday, June 8th will be given a dividend of 0.01 per share by the insurance provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, June 8th.

James River Group has decreased its dividend by an average of 0.5%per year over the last three years. James River Group has a payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect James River Group to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.2%.

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James River Group Trading Down 23.7%

JRVR opened at $4.68 on Wednesday. The company has a market cap of $215.14 million, a P/E ratio of 13.77 and a beta of -0.03. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $6.36 and its 200-day moving average is $6.23. James River Group has a 1-year low of $4.54 and a 1-year high of $7.20.

James River Group (NASDAQ:JRVR – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The insurance provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.15). James River Group had a return on equity of 10.82% and a net margin of 4.34%.The company had revenue of $151.38 million for the quarter, compared to analyst estimates of $155.07 million. Equities research analysts predict that James River Group will post 1.2 earnings per share for the current fiscal year.

About James River Group

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James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.

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