James River Group (NASDAQ:JRVR - Get Free Report) announced its quarterly earnings results on Monday. The insurance provider reported ($0.99) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.66), Zacks reports. The company had revenue of $126.71 million during the quarter, compared to analyst estimates 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 company posted $0.33 EPS.
James River Group Stock Performance
NASDAQ JRVR traded up $0.37 during trading on Thursday, reaching $4.05. The company's stock had a trading volume of 512,342 shares, compared to its average volume of 470,260. The firm has a 50 day moving average price of $4.75 and a 200 day moving average price of $5.54. James River Group has a 12 month low of $3.00 and a 12 month high of $9.88. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $153.21 million, a price-to-earnings ratio of -1.00 and a beta of 0.07.
James River Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Monday, March 10th. James River Group's dividend payout ratio is currently -0.99%.
Wall Street Analyst Weigh In
Separately, JMP Securities cut their price objective on shares of 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.
Read Our Latest Stock Report on James River Group
James River Group Company Profile
(
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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.
Further Reading
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