James River Group Holdings, Ltd. (JRVR) To Go Ex-Dividend on September 15th

James River Group Holdings, Ltd. (NASDAQ:JRVR) announced a quarterly dividend on Monday, August 10th. Shareholders 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) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

James River Group has decreased its dividend by an average of 0.5%annually over the last three years. James River Group has a dividend payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect James River Group to earn $0.68 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 5.9%.

James River Group Trading Up 2.6%

Shares of James River Group stock opened at $3.95 on Friday. James River Group has a 52-week low of $3.74 and a 52-week high of $7.20. The firm has a market capitalization of $182.65 million, a PE ratio of 10.40 and a beta of -0.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.63 and a quick ratio of 0.63. The company’s fifty day moving average price is $4.35 and its two-hundred day moving average price is $4.98.

James River Group (NASDAQ:JRVR) last released its quarterly earnings data on Tuesday, August 11th. The insurance provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). James River Group had a return on equity of 9.93% and a net margin of 4.68%.The business had revenue of $161.34 million for the quarter, compared to the consensus estimate of $135.50 million. On average, analysts expect that James River Group will post 0.65 EPS for the current year.

Hedge Funds Weigh In On James River Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in shares of James River Group by 13.0% during the first quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock worth $106,000 after buying an additional 2,918 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of James River Group by 10.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock worth $5,875,000 after acquiring an additional 95,351 shares in the last quarter. Invesco Ltd. grew its position in James River Group by 7.6% during the 2nd quarter. Invesco Ltd. now owns 298,243 shares of the insurance provider’s stock worth $1,748,000 after acquiring an additional 20,954 shares during the last quarter. First Trust Advisors LP grew its position in James River Group by 26.2% during the 2nd quarter. First Trust Advisors LP now owns 148,153 shares of the insurance provider’s stock worth $868,000 after acquiring an additional 30,802 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in James River Group during the 2nd quarter valued at $61,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

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.