James River Group Holdings, Ltd. (NASDAQ:JRVR) Plans Quarterly Dividend of $0.05

James River Group Holdings, Ltd. (NASDAQ:JRVR) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Monday, June 10th will be given 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 dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, June 10th.

James River Group has decreased its dividend payment by an average of 45.0% per year over the last three years. James River Group has a dividend payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of James River Group stock traded up $0.02 during trading on Friday, hitting $7.99. The stock had a trading volume of 228,973 shares, compared to its average volume of 1,149,684. The firm has a market cap of $300.90 million, a price-to-earnings ratio of -3.53 and a beta of 0.17. James River Group has a 12 month low of $6.35 and a 12 month high of $22.15. The business’s 50-day moving average is $8.72 and its 200 day moving average is $9.54. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.42.

James River Group (NASDAQ:JRVR) last released its earnings results on Wednesday, May 8th. The insurance provider reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $201.13 million for the quarter, compared to analysts’ expectations of $172.26 million. James River Group had a positive return on equity of 13.75% and a negative net margin of 10.80%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. As a group, sell-side analysts anticipate that James River Group will post 1.75 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.