James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) declared a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.01 per share by the insurance provider on Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, March 10th.
James River Group has decreased its dividend by an average of 48.9% per year over the last three years. James River Group has a dividend payout ratio of 2.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect James River Group to earn $1.80 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 2.2%.
James River Group Stock Performance
Shares of JRVR stock traded up $0.02 during midday trading on Friday, hitting $4.07. The company had a trading volume of 497,551 shares, compared to its average volume of 468,669. The company's 50 day simple moving average is $4.74 and its 200 day simple moving average is $5.53. James River Group has a 52-week low of $3.00 and a 52-week high of $9.84. The stock has a market cap of $185.77 million, a price-to-earnings ratio of -1.00 and a beta of 0.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65.
James River Group (NASDAQ:JRVR - Get Free Report) last announced its earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.66). The company had revenue of $126.71 million during the quarter, compared to analysts' expectations of $159.91 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. During the same quarter last year, the business posted $0.33 earnings per share. Research analysts anticipate that James River Group will post -0.35 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have recently commented on JRVR shares. StockNews.com cut James River Group from a "hold" rating to a "sell" rating in a report on Friday. JMP Securities reduced their price target on James River Group from $11.00 to $8.00 and set a "market outperform" rating for the company in a report on Friday, December 20th.
Check Out Our Latest Research Report on James River Group
About James River Group
(
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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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