James River Group (NASDAQ:JRVR) Releases Earnings Results, Misses Expectations By $0.66 EPS

James River Group (NASDAQ:JRVR) posted its quarterly earnings data on Monday. The insurance provider reported ($0.99) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.66), Zacks reports. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%.

James River Group Price Performance

NASDAQ:JRVR traded down $0.05 on Monday, reaching $4.90. 182,955 shares of the company’s stock traded hands, compared to its average volume of 201,270. The firm has a market cap of $185.36 million, a PE ratio of -1.21 and a beta of 0.07. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. The stock has a 50-day simple moving average of $4.80 and a 200-day simple moving average of $5.60. James River Group has a 12 month low of $4.35 and a 12 month high of $10.06.

James River Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.04 dividend on an annualized basis and a yield of 0.82%. James River Group’s payout ratio is presently -0.99%.

Analysts Set New Price Targets

Separately, JMP Securities reduced their price target on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, James River Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.

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.