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

James River Group Holdings, Ltd. (NASDAQ:JRVR) announced a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Investors of record on Monday, March 10th will be paid a dividend of 0.01 per share by the insurance provider on Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Monday, March 10th.

James River Group has decreased its dividend by an average of 48.9% annually over the last three years. James River Group has a dividend payout ratio of 2.8% meaning its dividend is sufficiently covered by earnings. Analysts expect James River Group to earn $1.80 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 2.2%.

James River Group Stock Up 0.5 %

Shares of NASDAQ JRVR opened at $4.07 on Friday. The stock has a market cap of $153.96 million, a PE ratio of -1.00 and a beta of 0.07. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. James River Group has a 52-week low of $3.00 and a 52-week high of $9.84. The business has a 50-day moving average price of $4.74 and a 200 day moving average price of $5.53.

James River Group (NASDAQ:JRVR) last announced its earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.66). The firm had revenue of $126.71 million during the quarter, compared to analyst estimates of $159.91 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. During the same period last year, the company earned $0.33 earnings per share. Equities research analysts forecast that James River Group will post -0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JRVR. StockNews.com cut James River Group from a “hold” rating to a “sell” rating in a research report on Friday. JMP Securities decreased their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research report on Friday, December 20th.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.