Wall Street analysts expect that James River Group Holdings, Ltd. (NASDAQ:JRVR – Get Rating) will announce sales of $203.05 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for James River Group’s earnings, with the lowest sales estimate coming in at $198.40 million and the highest estimate coming in at $207.70 million. James River Group reported sales of $182.98 million in the same quarter last year, which would suggest a positive year over year growth rate of 11%. The company is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that James River Group will report full-year sales of $819.05 million for the current financial year, with estimates ranging from $791.50 million to $846.60 million. For the next year, analysts anticipate that the business will report sales of $863.25 million, with estimates ranging from $814.50 million to $912.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover James River Group.
James River Group (NASDAQ:JRVR – Get Rating) last posted its quarterly earnings data on Monday, February 28th. The insurance provider reported ($1.81) EPS for the quarter, missing the consensus estimate of $0.46 by ($2.27). James River Group had a negative net margin of 22.36% and a negative return on equity of 24.27%. The firm had revenue of $207.34 million during the quarter, compared to analysts’ expectations of $198.57 million. During the same quarter in the previous year, the company posted ($0.95) EPS. James River Group’s revenue for the quarter was up 6.8% on a year-over-year basis.
In other news, Director J Adam Abram bought 24,000 shares of James River Group stock in a transaction that occurred on Thursday, March 3rd. The shares were acquired at an average price of $20.39 per share, with a total value of $489,360.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sarah C. Doran bought 4,800 shares of James River Group stock in a transaction that occurred on Friday, March 4th. The stock was purchased at an average cost of $20.16 per share, for a total transaction of $96,768.00. The disclosure for this purchase can be found here. Insiders purchased 79,715 shares of company stock worth $1,638,038 in the last quarter. 2.80% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its stake in James River Group by 26.0% in the fourth quarter. Teacher Retirement System of Texas now owns 7,370 shares of the insurance provider’s stock valued at $212,000 after acquiring an additional 1,521 shares during the last quarter. Citizens Financial Group Inc RI bought a new position in James River Group in the third quarter valued at $243,000. AlphaCrest Capital Management LLC bought a new position in James River Group in the third quarter valued at $252,000. ProShare Advisors LLC grew its stake in shares of James River Group by 62.2% during the fourth quarter. ProShare Advisors LLC now owns 9,169 shares of the insurance provider’s stock valued at $265,000 after buying an additional 3,515 shares during the last quarter. Finally, Jefferies Group LLC bought a new position in shares of James River Group during the third quarter valued at about $268,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.
James River Group stock opened at $24.25 on Friday. James River Group has a 12 month low of $19.76 and a 12 month high of $51.02. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36. The business’s 50 day simple moving average is $23.94 and its 200 day simple moving average is $27.84. The company has a market cap of $908.16 million, a price-to-earnings ratio of -4.67 and a beta of 0.40.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 14th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.82%. James River Group’s dividend payout ratio (DPR) is presently -3.85%.
About James River Group (Get Rating)
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The 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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