James River Group (NASDAQ:JRVR) Releases Earnings Results, Misses Estimates By $0.27 EPS

James River Group (NASDAQ:JRVR) issued its earnings results on Monday. The insurance provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.27), FiscalAI reports. The company had revenue of $147.71 million for the quarter, compared to the consensus estimate of $134.80 million. James River Group had a return on equity of 9.93% and a net margin of 4.68%.

James River Group Stock Down 3.1%

JRVR stock traded down $0.12 during midday trading on Monday, reaching $3.77. 290,420 shares of the company’s stock traded hands, compared to its average volume of 315,422. The company has a market cap of $174.36 million, a price-to-earnings ratio of 9.92 and a beta of -0.14. The firm’s fifty day moving average price is $3.79 and its 200-day moving average price is $4.94. 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 52 week low of $3.36 and a 52 week high of $7.20.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, August 12th. Weiss Ratings upgraded James River Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, UBS Group decreased their target price on James River Group from $4.75 to $4.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $5.75.

About James River Group

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.