James River Group Holdings, Ltd. (NASDAQ:JRVR) announced a quarterly dividend on Tuesday, October 31st, Zacks reports. Investors of record on Friday, December 15th will be given a dividend of 0.80 per share by the insurance provider on Thursday, December 28th. This represents a $3.20 annualized dividend and a yield of 8.12%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from James River Group’s previous quarterly dividend of $0.30.

James River Group (NASDAQ:JRVR) traded down $0.17 during trading on Friday, reaching $39.41. 87,813 shares of the company traded hands, compared to its average volume of 261,481. James River Group has a 12-month low of $37.24 and a 12-month high of $46.20. The stock has a market cap of $1,172.03, a P/E ratio of 17.99 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.25 and a quick ratio of 0.25.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. James River Group had a net margin of 8.98% and a return on equity of 9.36%. The firm had revenue of $220.87 million for the quarter, compared to the consensus estimate of $198.67 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 45.9% on a year-over-year basis. sell-side analysts predict that James River Group will post 2.18 earnings per share for the current year.

Several research firms recently issued reports on JRVR. B. Riley reaffirmed a “buy” rating and set a $47.00 price target on shares of James River Group in a research note on Tuesday, November 14th. Zacks Investment Research downgraded shares of James River Group from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. JMP Securities assumed coverage on shares of James River Group in a research report on Tuesday, October 17th. They issued an “outperform” rating and a $47.00 target price for the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $42.00 target price on shares of James River Group in a research report on Thursday, September 21st. Finally, ValuEngine downgraded shares of James River Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. James River Group currently has an average rating of “Hold” and an average target price of $47.00.

In other news, Director Bryan Martin sold 450,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $38.10, for a total value of $17,145,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman J Adam Abram sold 400,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $38.10, for a total transaction of $15,240,000.00. Following the completion of the sale, the chairman now directly owns 368,247 shares of the company’s stock, valued at approximately $14,030,210.70. The disclosure for this sale can be found here. Insiders sold a total of 3,450,000 shares of company stock valued at $131,445,000 in the last three months. Insiders own 41.00% of the company’s stock.

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About James River Group

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.

Dividend History for James River Group (NASDAQ:JRVR)

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