James River Group Holdings, Ltd. to Issue Quarterly Dividend of $0.01 (NASDAQ:JRVR)

James River Group Holdings, Ltd. (NASDAQ:JRVR) declared a quarterly dividend on Monday, November 11th,Zacks Dividends reports. Investors of record on Monday, December 16th will be paid a dividend of 0.01 per share by the insurance provider on Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Monday, December 16th.

James River Group has decreased its dividend by an average of 45.0% per year over the last three years. James River Group has a dividend payout ratio of 11.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect James River Group to earn $1.95 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.3%.

James River Group Price Performance

JRVR stock traded down $0.31 during trading on Wednesday, hitting $4.65. 1,057,368 shares of the stock traded hands, compared to its average volume of 673,503. James River Group has a 1 year low of $4.59 and a 1 year high of $11.49. The firm’s 50 day moving average is $6.47 and its two-hundred day moving average is $7.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.67.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, November 11th. The insurance provider reported ($0.74) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.89). James River Group had a negative net margin of 20.84% and a positive return on equity of 4.18%. The firm had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $137.28 million. During the same period last year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. Analysts anticipate that James River Group will post 1.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JRVR has been the topic of a number of recent analyst reports. Compass Point dropped their price target on shares of James River Group from $12.50 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Truist Financial dropped their price target on shares of James River Group from $9.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, JMP Securities dropped their price target on shares of James River Group from $14.00 to $11.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.00.

James River Group Company Profile

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.