James River Group Holdings, Ltd. Announces Quarterly Dividend of $0.01 (NASDAQ:JRVR)

James River Group Holdings, Ltd. (NASDAQ:JRVR) declared a quarterly dividend on Monday, August 10th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.01 per share by the insurance provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

James River Group has decreased its dividend payment by an average of 0.5%annually over the last three years. James River Group has a payout ratio of 3.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect James River Group to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 4.4%.

James River Group Stock Down 3.4%

Shares of NASDAQ JRVR opened at $4.54 on Tuesday. James River Group has a 12-month low of $3.76 and a 12-month high of $7.20. The firm’s 50-day simple moving average is $4.37 and its 200 day simple moving average is $5.43. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.44. The company has a market cap of $209.92 million, a price-to-earnings ratio of 13.35 and a beta of -0.20.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Monday, August 10th. The insurance provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). James River Group had a net margin of 4.34% and a return on equity of 10.79%. The company had revenue of $161.34 million during the quarter, compared to analyst estimates of $135.50 million. On average, research analysts expect that James River Group will post 0.8 earnings per share for the current fiscal year.

Institutional Trading of James River Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc boosted its position in shares of James River Group by 176.0% in the 2nd quarter. Versant Capital Management Inc now owns 6,179 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 3,940 shares during the last quarter. Clearstead Advisors LLC increased its holdings in James River Group by 173.9% in the fourth quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 4,909 shares during the last quarter. M&T Bank Corp bought a new stake in James River Group in the fourth quarter valued at about $65,000. Cerity Partners LLC acquired a new position in James River Group in the second quarter valued at about $61,000. Finally, PharVision Advisers LLC acquired a new position in James River Group in the third quarter valued at about $59,000. Institutional investors own 95.21% of the company’s stock.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.