James River Group Holdings, Ltd. (NASDAQ:JRVR – Get Free Report) declared a quarterly dividend on Monday, November 9th. Investors of record on Tuesday, December 15th will be given a dividend of $0.01 per share by the insurance provider on Thursday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, December 15th.
James River Group has decreased its dividend by an average of 0.5% annually 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 $0.68 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 5.9%.
James River Group Stock Performance
Shares of JRVR opened at $3.77 on Tuesday. The firm has a market cap of $174.36 million, a price-to-earnings ratio of 9.92 and a beta of -0.14. The company’s fifty day moving average is $3.79 and its 200-day moving average is $4.93. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.43. James River Group has a 12 month low of $3.36 and a 12 month high of $7.20.
James River Group (NASDAQ:JRVR – Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The insurance provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.27). James River Group had a net margin of 4.68% and a return on equity of 9.93%. The company had revenue of $147.71 million during the quarter, compared to the consensus estimate of $134.80 million. Equities analysts expect that James River Group will post 0.65 EPS for the current fiscal year.
Institutional Investors Weigh In On James River Group
Large investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. acquired a new stake in shares of James River Group during the 2nd quarter worth about $10,738,000. Bank of New York Mellon Corp bought a new position in James River Group during the 2nd quarter valued at about $562,000. Hillsdale Investment Management Inc. lifted its holdings in James River Group by 45.5% during the 1st quarter. Hillsdale Investment Management Inc. now owns 448,860 shares of the insurance provider’s stock valued at $2,828,000 after purchasing an additional 140,400 shares during the last quarter. Canal Insurance CO bought a new position in James River Group during the 1st quarter valued at about $189,000. Finally, Bank of America Corp DE boosted its position in James River Group by 22.0% in the first quarter. Bank of America Corp DE now owns 36,690 shares of the insurance provider’s stock valued at $231,000 after buying an additional 6,608 shares in the last quarter. Institutional investors own 95.21% of the company’s stock.
James River Group Company Profile
James River Group Holdings, Ltd. (NASDAQ: JRVR) is a specialty insurance holding company headquartered in Hamilton, Bermuda. Through its operating subsidiaries, the company provides commercial casualty insurance and reinsurance products to businesses and other insurance organizations.
The company’s operations have included excess and surplus lines insurance, specialty admitted insurance and casualty reinsurance. Its products are designed for risks that may require customized underwriting or coverage that is not readily available through standard commercial insurance markets.
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