James River Group (NASDAQ:JRVR) Announces Earnings Results, Misses Expectations By $0.27 EPS

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

James River Group Trading Down 3.1%

Shares of JRVR stock traded down $0.12 on Monday, hitting $3.77. 290,413 shares of the company’s stock traded hands, compared to its average volume of 315,422. The stock has a market capitalization of $174.36 million, a price-to-earnings ratio of 9.92 and a beta of -0.14. The company’s fifty day simple moving average is $3.79 and its 200 day simple moving average is $4.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.63 and a current ratio of 0.63. James River Group has a one year low of $3.36 and a one year high of $7.20.

Analyst Upgrades and Downgrades

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

About James River Group

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.