James River Group (NASDAQ:JRVR) Issues Quarterly Earnings Results

James River Group (NASDAQ:JRVR) released its quarterly earnings data on Monday. The insurance provider reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.27), FiscalAI reports. The business had revenue of $147.71 million for the quarter, compared to analysts’ expectations of $134.80 million. James River Group had a net margin of 4.68% and a return on equity of 9.93%.

James River Group Price Performance

JRVR traded down $0.12 during trading on Monday, reaching $3.77. 290,413 shares of the company were exchanged, compared to its average volume of 315,422. The company’s 50-day moving average is $3.79 and its two-hundred day moving average is $4.94. The company has a market cap of $174.36 million, a price-to-earnings ratio of 9.92 and a beta of -0.14. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.43. James River Group has a 12-month low of $3.36 and a 12-month high of $7.20.

Analyst Ratings Changes

Several analysts have recently issued reports on JRVR shares. Weiss Ratings raised shares of James River Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. UBS Group dropped their price target on shares of James River Group from $4.75 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, August 17th. Finally, Truist Financial cut their price objective on shares of James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, August 12th. Six analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, James River Group has an average rating of “Reduce” and a consensus target price of $5.75.

James River Group Company Profile

James River Group Holdings, Ltd. (NASDAQ: JRVR) is a specialty insurance holding company headquartered in Hamilton, Bermuda. Through its operating subsidiaries, the company provides commercial casualty insurance and reinsurance products to businesses and other insurance organizations.

The company’s operations have included excess and surplus lines insurance, specialty admitted insurance and casualty reinsurance. Its products are designed for risks that may require customized underwriting or coverage that is not readily available through standard commercial insurance markets.