James River Group Holdings, Ltd. (JRVR) To Go Ex-Dividend on June 10th

James River Group Holdings, Ltd. (NASDAQ:JRVRGet Free Report) announced a quarterly dividend on Friday, June 7th, Zacks reports. Shareholders of record on Monday, June 10th will be paid a dividend of 0.05 per share by the insurance provider on Friday, June 28th. This represents a $0.20 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Monday, June 10th.

James River Group has decreased its dividend by an average of 45.0% annually over the last three years and has raised its dividend every year for the last 1 years. James River Group has a payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect James River Group to earn $2.15 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 9.3%.

James River Group Trading Down 3.1 %

NASDAQ:JRVR opened at $7.57 on Friday. James River Group has a one year low of $6.35 and a one year high of $22.15. The business has a fifty day moving average price of $8.42 and a 200-day moving average price of $8.92. The firm has a market capitalization of $286.37 million, a price-to-earnings ratio of -3.62 and a beta of 0.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.57.

James River Group (NASDAQ:JRVRGet Free Report) last released its earnings results on Wednesday, May 8th. The insurance provider reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. James River Group had a negative net margin of 10.56% and a positive return on equity of 12.85%. The company had revenue of $201.13 million for the quarter, compared to analysts’ expectations of $172.26 million. During the same quarter last year, the business earned $0.56 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Sell-side analysts forecast that James River Group will post 1.75 EPS for the current year.

Analyst Ratings Changes

JRVR has been the subject of a number of recent analyst reports. Compass Point raised James River Group from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, March 22nd. JMP Securities restated a “market outperform” rating and set a $15.00 target price on shares of James River Group in a research report on Monday, April 15th. UBS Group reduced their price target on shares of James River Group from $34.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. Truist Financial dropped their price objective on shares of James River Group from $15.00 to $11.00 and set a “hold” rating for the company in a report on Friday, March 1st. Finally, Keefe, Bruyette & Woods cut their price objective on James River Group from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, James River Group presently has a consensus rating of “Hold” and an average price target of $12.33.

Read Our Latest Research Report on James River Group

James River Group Company Profile

(Get Free Report)

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

Dividend History for James River Group (NASDAQ:JRVR)

Receive News & Ratings for James River Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group and related companies with MarketBeat.com's FREE daily email newsletter.