James River Group Holdings Ltd (NASDAQ:JRVR) – B. Riley issued their Q1 2019 earnings estimates for James River Group in a report issued on Tuesday, April 2nd, Zacks Investment Research reports. B. Riley analyst R. Binner anticipates that the insurance provider will post earnings per share of $0.57 for the quarter. B. Riley currently has a “Neutral” rating on the stock.
James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Thursday, February 21st. The insurance provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.09). The business had revenue of $214.52 million during the quarter, compared to analyst estimates of $214.20 million. James River Group had a net margin of 7.21% and a return on equity of 10.15%.
Shares of JRVR traded up $0.47 during mid-day trading on Thursday, hitting $41.89. The company’s stock had a trading volume of 152,741 shares, compared to its average volume of 121,770. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $1.25 billion, a P/E ratio of 17.98 and a beta of 0.57. James River Group has a 1-year low of $34.08 and a 1-year high of $43.47.
A number of hedge funds have recently modified their holdings of the stock. Legal & General Group Plc raised its holdings in James River Group by 0.4% during the fourth quarter. Legal & General Group Plc now owns 63,594 shares of the insurance provider’s stock worth $2,313,000 after purchasing an additional 249 shares during the last quarter. Stone Ridge Asset Management LLC increased its position in James River Group by 4.6% during the fourth quarter. Stone Ridge Asset Management LLC now owns 6,082 shares of the insurance provider’s stock worth $222,000 after buying an additional 269 shares in the last quarter. PNC Financial Services Group Inc. increased its position in James River Group by 38.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 972 shares of the insurance provider’s stock worth $35,000 after buying an additional 271 shares in the last quarter. Bank of Montreal Can increased its position in James River Group by 88.9% during the fourth quarter. Bank of Montreal Can now owns 752 shares of the insurance provider’s stock worth $28,000 after buying an additional 354 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in James River Group by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 21,454 shares of the insurance provider’s stock worth $784,000 after buying an additional 471 shares in the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Michael E. Crow sold 7,019 shares of James River Group stock in a transaction on Friday, March 1st. The stock was sold at an average price of $40.69, for a total transaction of $285,603.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.50% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.20 annualized dividend and a yield of 2.86%. James River Group’s dividend payout ratio is presently 51.50%.
James River Group Company Profile
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.
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