James River Group Holdings Ltd (NASDAQ:JRVR) – SunTrust Banks lowered their Q3 2018 earnings estimates for James River Group in a report issued on Friday. SunTrust Banks analyst M. Hughes now forecasts that the insurance provider will post earnings of $0.65 per share for the quarter, down from their previous estimate of $0.74. SunTrust Banks also issued estimates for James River Group’s FY2018 earnings at $2.50 EPS, Q1 2019 earnings at $0.67 EPS, Q2 2019 earnings at $0.72 EPS, Q3 2019 earnings at $0.73 EPS and Q4 2019 earnings at $0.75 EPS.
James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Thursday, February 22nd. The insurance provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.58). The firm had revenue of $217.96 million during the quarter, compared to analysts’ expectations of $208.56 million. James River Group had a net margin of 5.33% and a return on equity of 6.62%. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS.
James River Group (JRVR) opened at $34.45 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1,020.13, a price-to-earnings ratio of 23.92 and a beta of 0.36. James River Group has a fifty-two week low of $33.40 and a fifty-two week high of $46.20.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in shares of James River Group by 12.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 26,219 shares of the insurance provider’s stock worth $1,049,000 after acquiring an additional 2,920 shares during the period. Sterling Capital Management LLC purchased a new position in shares of James River Group during the 4th quarter worth $1,076,000. TIAA CREF Investment Management LLC raised its holdings in shares of James River Group by 2.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 131,511 shares of the insurance provider’s stock worth $5,262,000 after acquiring an additional 2,755 shares during the period. Teachers Advisors LLC raised its holdings in shares of James River Group by 19.5% during the 4th quarter. Teachers Advisors LLC now owns 42,321 shares of the insurance provider’s stock worth $1,693,000 after acquiring an additional 6,910 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of James River Group by 37.1% during the 4th quarter. Raymond James & Associates now owns 165,756 shares of the insurance provider’s stock worth $6,632,000 after acquiring an additional 44,841 shares during the period.
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James River Group Company Profile
James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers commercial excess and surplus lines liability and excess property insurance products.
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