James River Group (JRVR) Receiving Favorable News Coverage, Analysis Shows

Media stories about James River Group (NASDAQ:JRVR) have trended positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. James River Group earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 46.7290642162162 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

James River Group stock traded down $0.11 during midday trading on Thursday, reaching $35.47. 260,266 shares of the stock traded hands, compared to its average volume of 387,962. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.14. James River Group has a fifty-two week low of $32.17 and a fifty-two week high of $44.34. The firm has a market capitalization of $1,038.80, a price-to-earnings ratio of 24.71 and a beta of 0.55.

James River Group (NASDAQ:JRVR) last released its earnings results on Thursday, February 22nd. The insurance provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.58). James River Group had a return on equity of 6.67% and a net margin of 5.33%. The business had revenue of $217.96 million during the quarter, compared to the consensus estimate of $208.56 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. research analysts expect that James River Group will post 2.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Monday, March 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Friday, March 9th. James River Group’s payout ratio is presently 83.33%.

A number of brokerages recently issued reports on JRVR. BidaskClub upgraded shares of James River Group from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Zacks Investment Research lowered shares of James River Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. SunTrust Banks cut their target price on shares of James River Group to $44.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. B. Riley downgraded shares of James River Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $47.00 to $39.00 in a research note on Thursday, January 4th. Finally, Keefe, Bruyette & Woods raised shares of James River Group from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Thursday, March 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. James River Group presently has a consensus rating of “Hold” and an average price target of $42.50.

In other James River Group news, Director Janet Raye Cowell acquired 1,206 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $33.16 per share, for a total transaction of $39,990.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Steven J. Hartman sold 25,000 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $34.63, for a total transaction of $865,750.00. The disclosure for this sale can be found here. Insiders own 41.00% of the company’s stock.

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James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites property and liability insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

Insider Buying and Selling by Quarter for James River Group (NASDAQ:JRVR)

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