James River Group (NASDAQ:JRVR – Get Free Report) announced its quarterly earnings results on Wednesday. The insurance provider reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39, Briefing.com reports. The firm had revenue of $201.13 million for the quarter, compared to analysts’ expectations of $172.26 million. James River Group had a positive return on equity of 13.75% and a negative net margin of 10.80%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share.
James River Group Stock Down 6.5 %
JRVR traded down $0.55 during trading on Thursday, hitting $7.97. The company had a trading volume of 1,414,822 shares, compared to its average volume of 1,158,774. The company has a market capitalization of $300.15 million, a PE ratio of -3.77 and a beta of 0.17. James River Group has a one year low of $6.35 and a one year high of $22.15. The firm’s 50-day moving average price is $8.77 and its 200 day moving average price is $9.55. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.42.
James River Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were given a $0.05 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.20 annualized dividend and a yield of 2.51%. James River Group’s dividend payout ratio is currently -8.85%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on James River Group
About James River Group
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.
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