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Wednesday, September 27, 2023

An Evaluation Of James River Group Holdings Ltd. (NASDAQ: JRVR) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for James River Group Holdings Ltd. (JRVR) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $14.96. The James River Group Holdings Ltd. has recorded 58,623 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed James River Announces Second Quarter 2023 Results.

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Stocks Info

JRVR belongs to the Financial sector of the NASDAQ while operating in the Insurance – Specialty industry. At the end of the last regular session, the stock closed at $14.96 and fluctuated between $15.02 as its day high and $14.64 as its day low. The current market capitalization of James River Group Holdings Ltd. is $556.36M. A total of 0.66 million shares were traded on the day, compared to an average of 190.65K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, JRVR has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 3,201 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 23 SELLs from insiders. Insiders purchased 116,809 shares during that period but sold 42,622.

In the most recent transaction, Gould Kirstin bought 3,000 shares of JRVR for 23.05 per share on Nov 04. After the transaction, the Director now owns 9,589 company shares. In a previous transaction on Nov 04, Brown Thomas Lynn bought 2,000 shares at 23.03 per share. JRVR shares that Director owns now total 9,439.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. James River Group Holdings Ltd. pays an annual dividend of $0.20, resulting in a dividend yield of 1.34%, and it has a price to earnings (P/E) ratio of 17.02. JRVR’s most recent ex-dividend date was 9/8/2023 when it declared a $0.05 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 6/9/2023. The JRVR stock dividend was $0.05 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for JRVR in the last 3 months, the mean price target is $25.67 with high estimates of $34.00 and low estimates of $17.00. In terms of 52-week highs and lows, JRVR has a high of $26.60 and a low of $13.87.

As of this writing, JRVR has an earnings estimate of $0.47 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.52 per share and a lower estimate of $0.39. The company reported an EPS of $0.56 in the last quarter, which was 12.00% higher than expectations of $0.5.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. JRVR’s latest balance sheet shows that the firm has $2.00B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $15.83, while its Total Shareholder’s Equity was $725.36M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for JRVR is Buy with a score of 4.00.

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