James River Group Holdings, Ltd. (NASDAQ:JRVR) – Analysts at B. Riley issued their Q4 2017 EPS estimates for James River Group Holdings in a research note issued on Tuesday. B. Riley analyst R. Binner expects that the insurance provider will post earnings per share of $0.72 for the quarter. B. Riley has a “Buy” rating and a $47.00 price objective on the stock. B. Riley also issued estimates for James River Group Holdings’ Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.82 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.58 EPS and Q3 2019 earnings at $0.78 EPS.

Several other equities analysts have also recently commented on JRVR. BidaskClub cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $42.00 price objective on shares of James River Group Holdings in a research note on Friday, August 18th. JMP Securities began coverage on shares of James River Group Holdings in a research note on Tuesday, October 17th. They set an “outperform” rating and a $47.00 price objective for the company. Finally, ValuEngine cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. James River Group Holdings currently has a consensus rating of “Hold” and a consensus price target of $47.00.

COPYRIGHT VIOLATION NOTICE: This article was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/11/18/james-river-group-holdings-ltd-jrvr-to-post-q4-2017-earnings-of-0-72-per-share-b-riley-forecasts.html.

James River Group Holdings (NASDAQ JRVR) opened at $38.31 on Friday. The company has a market cap of $1,132.35, a P/E ratio of 17.38 and a beta of 0.56. James River Group Holdings has a 12 month low of $37.24 and a 12 month high of $46.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.25 and a current ratio of 0.25.

James River Group Holdings (NASDAQ:JRVR) last issued its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $220.87 million during the quarter, compared to analysts’ expectations of $198.67 million. James River Group Holdings had a net margin of 8.98% and a return on equity of 9.36%. James River Group Holdings’s revenue for the quarter was up 45.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 earnings per share.

Institutional investors have recently made changes to their positions in the business. QS Investors LLC bought a new stake in James River Group Holdings during the second quarter valued at approximately $236,000. New York State Common Retirement Fund lifted its position in James River Group Holdings by 26.5% during the second quarter. New York State Common Retirement Fund now owns 49,037 shares of the insurance provider’s stock valued at $1,948,000 after purchasing an additional 10,265 shares during the last quarter. Teachers Advisors LLC lifted its position in James River Group Holdings by 27.2% during the first quarter. Teachers Advisors LLC now owns 29,110 shares of the insurance provider’s stock valued at $1,248,000 after purchasing an additional 6,228 shares during the last quarter. Royal Bank of Canada lifted its position in James River Group Holdings by 18.9% during the second quarter. Royal Bank of Canada now owns 17,672 shares of the insurance provider’s stock valued at $702,000 after purchasing an additional 2,806 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in James River Group Holdings by 24.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 15,022 shares of the insurance provider’s stock valued at $597,000 after purchasing an additional 2,966 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

In other James River Group Holdings news, CEO Steven J. Hartman sold 19,736 shares of James River Group Holdings stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $39.42, for a total transaction of $777,993.12. Following the completion of the sale, the chief executive officer now directly owns 70,315 shares in the company, valued at $2,771,817.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Steven J. Hartman sold 5,264 shares of James River Group Holdings stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $38.91, for a total transaction of $204,822.24. Following the sale, the chief executive officer now owns 55,843 shares of the company’s stock, valued at $2,172,851.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,025,000 shares of company stock valued at $115,282,815. 41.00% of the stock is currently owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, December 14th. This is a positive change from James River Group Holdings’s previous quarterly dividend of $0.30. This represents a $3.20 annualized dividend and a yield of 8.35%. James River Group Holdings’s payout ratio is presently 52.63%.

About James River Group Holdings

James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers commercial excess and surplus lines liability and excess property insurance products.

Earnings History and Estimates for James River Group Holdings (NASDAQ:JRVR)

Receive News & Stock Ratings for James River Group Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group Holdings Ltd. and related stocks with our FREE daily email newsletter.