James River Group Holdings, Ltd. (NASDAQ:JRVR) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, JRVR to report 3Q20 income of $ 0.46 per share.
For the full year, analysts anticipate top line of $ 648.33 million, while looking forward to income of $ 2.03 per share bottom line.
Previous Quarter Performance
James River Group Holdings, Ltd. recorded income for the second quarter of $ 0.56 per share, from the revenue of $ 148.81 million. The quarterly earnings contracted 15.15 percent while revenues shrunk 30.39 percent compared with the same quarter last year.
Wall street analysts are predicting, JRVR to report 2Q20 income of $ 0.48 per share from revenue of $ 182.93 million. The bottom line results beat street analysts by $ 0.08 or 16.67 percent, at the same time, top line results fell short of analysts by $ 34.12 million or 18.65 percent.
Stock Performance
Shares of James River Group Holdings, Ltd. traded low $ -1.76 or -3.23 percent on Tuesday, reaching $ 52.74 with volume of 164.50 thousand shares. James River Group Holdings, Ltd. has traded high as $ 54.94 and has cracked $ 52.20 on the downward trend
According to the previous trading day, closing price of $ 52.74, representing a 115.07 % increase from the 52 week low of $ 25.34 and a 1.75 % decrease over the 52 week high of $ 55.47.
The company has a market capital of $ 1.61 billion and is part of the Financial Services sector and Insurance – Specialty industry.
Recent Analyst recommendations
- On 18th September 2020, initiated by Compass Point at Neutral rating, with $ 52.00 target price.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.30 per share to holders of record as of the close of business on September 14, 2020, with payment date of September 30, 2020 and ex-dividend date on September 11, 2020.
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 liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia. This segment distributes its insurance policies primarily through wholesale insurance brokers.
