Media stories about James River Group Holdings (NASDAQ:JRVR) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. James River Group Holdings earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 47.3227812240627 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- James River Group Holdings Ltd. to Host Earnings Call (finance.yahoo.com)
- Edited Transcript of JRVR earnings conference call or presentation 2-Nov-17 12:00pm GMT (finance.yahoo.com)
- James River Group Holdings, Ltd. (JRVR) Releases Earnings Results, Beats Estimates By $0.03 EPS (americanbankingnews.com)
- James River Announces Third Quarter 2017 Results (finance.yahoo.com)
- James River Group Holdings, Ltd. (JRVR) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
A number of research analysts have recently weighed in on JRVR shares. Zacks Investment Research upgraded James River Group Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine downgraded James River Group Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded James River Group Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. JMP Securities started coverage on James River Group Holdings in a research note on Tuesday, October 17th. They issued an “outperform” rating and a $47.00 target price on the stock. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 target price on shares of James River Group Holdings in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $47.00.
Shares of James River Group Holdings (JRVR) remained flat at $$41.19 during midday trading on Friday. 73,927 shares of the stock were exchanged, compared to its average volume of 92,970. The stock has a market cap of $1.22 billion and a PE ratio of 18.72. James River Group Holdings has a 1 year low of $36.00 and a 1 year high of $46.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.22 and a quick ratio of 0.22.
James River Group Holdings (NASDAQ:JRVR) last posted its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $220.87 million for the quarter, compared to the consensus estimate of $198.67 million. James River Group Holdings had a net margin of 8.98% and a return on equity of 9.41%. The firm’s revenue was up 45.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 EPS. sell-side analysts forecast that James River Group Holdings will post 2.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 7.77%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from James River Group Holdings’s previous quarterly dividend of $0.30. James River Group Holdings’s dividend payout ratio (DPR) is currently 45.11%.
In other James River Group Holdings news, CEO Steven J. Hartman sold 19,736 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $39.42, for a total transaction of $777,993.12. Following the transaction, the chief executive officer now directly owns 70,315 shares in the company, valued at approximately $2,771,817.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Steven J. Hartman sold 5,264 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $38.91, for a total transaction of $204,822.24. Following the transaction, the chief executive officer now owns 55,843 shares in the company, valued at $2,172,851.13. The disclosure for this sale can be found here. Company insiders own 41.00% of the company’s stock.
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James River Group Holdings Company Profile
James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers commercial excess and surplus lines liability and excess property insurance products.
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