James River Group Holdings
Market Cap
US$1.4b
Last Updated
2021/03/01 00:53 UTC
Data Sources
Company Financials +
Executive Summary
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with imperfect balance sheet.
Similar Companies
Share Price & News
How has James River Group Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: JRVR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: JRVR's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-6.9%
JRVR
-0.2%
US Insurance
-3.6%
US Market
1 Year Return
13.6%
JRVR
11.0%
US Insurance
36.5%
US Market
Return vs Industry: JRVR exceeded the US Insurance industry which returned 11% over the past year.
Return vs Market: JRVR underperformed the US Market which returned 36.4% over the past year.
Shareholder returns
| JRVR | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.9% | -0.2% | -3.6% |
| 30 Day | 3.2% | 8.4% | 2.7% |
| 90 Day | 0.7% | 9.6% | 7.5% |
| 1 Year | 17.0%13.6% | 14.1%11.0% | 39.5%36.5% |
| 3 Year | 53.6%40.7% | 23.2%14.0% | 53.5%43.6% |
| 5 Year | 77.4%46.7% | 71.2%49.8% | 117.5%93.2% |
Long-Term Price Volatility Vs. Market
How volatile is James River Group Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Is James River Group Holdings, Ltd. (NASDAQ:JRVR) A Risky Dividend Stock?Valuation
Is James River Group Holdings undervalued compared to its fair value and its price relative to the market?
290.77x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: JRVR ($45.91) is trading above our estimate of fair value ($17.43)
Significantly Below Fair Value: JRVR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: JRVR is poor value based on its PE Ratio (290.8x) compared to the US Insurance industry average (15x).
PE vs Market: JRVR is poor value based on its PE Ratio (290.8x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: JRVR is poor value based on its PEG Ratio (3.9x)
Price to Book Ratio
PB vs Industry: JRVR is overvalued based on its PB Ratio (1.8x) compared to the US Insurance industry average (1x).
Next Steps
Future Growth
How is James River Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
75.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JRVR's forecast earnings growth (75.3% per year) is above the savings rate (2%).
Earnings vs Market: JRVR's earnings (75.3% per year) are forecast to grow faster than the US market (20.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: JRVR's revenue (11% per year) is forecast to grow faster than the US market (10.4% per year).
High Growth Revenue: JRVR's revenue (11% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: JRVR's Return on Equity is forecast to be low in 3 years time (13.4%).
Next Steps
Past Performance
How has James River Group Holdings performed over the past 5 years?
-21.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JRVR has high quality earnings.
Growing Profit Margin: JRVR's current net profit margins (0.7%) are lower than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: JRVR's earnings have declined by 21.7% per year over the past 5 years.
Accelerating Growth: JRVR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: JRVR had negative earnings growth (-87.2%) over the past year, making it difficult to compare to the Insurance industry average (-9.5%).
Return on Equity
High ROE: JRVR's Return on Equity (0.6%) is considered low.
Next Steps
Financial Health
How is James River Group Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: JRVR's short term assets ($2.4B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: JRVR's short term assets ($2.4B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: JRVR's debt to equity ratio (43.8%) is considered high.
Reducing Debt: JRVR's debt to equity ratio has increased from 28.2% to 43.8% over the past 5 years.
Debt Coverage: JRVR's debt is well covered by operating cash flow (302.5%).
Interest Coverage: JRVR's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
Next Steps
Dividend
What is James River Group Holdings's current dividend yield, its reliability and sustainability?
2.61%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: JRVR's dividend (2.61%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: JRVR's dividend (2.61%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stability and Growth of Payments
Stable Dividend: JRVR has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: JRVR's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (760%), JRVR's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: JRVR's dividends in 3 years are forecast to be well covered by earnings (41.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Frank D’Orazio (51 yo)
0.25
Tenure
Mr. Frank N. D'Orazio has been Chief Executive Officer and Director of James River Group Holdings, Ltd. since November 2, 2020. Mr. D'Orazio was the President of Underwriting & Global Risk at Allied World ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & COO | no data | US$1.96m | 0.72% $ 10.1m | |
| Chief Financial Officer | 4.08yrs | US$1.36m | 0.056% $ 783.1k | |
| President & CEO of the Excess and Surplus Lines Segment | 10.92yrs | US$1.28m | 0.57% $ 8.0m | |
| President & CEO of the Casualty Reinsurance Division | 2.83yrs | US$1.14m | 0.043% $ 606.3k | |
| CEO & President of Specialty Admitted Insurance Segment | 2.33yrs | US$1.28m | 0.028% $ 390.9k | |
| CEO & Director | 0.25yr | no data | no data | |
| SVP Finance & Chief Investment Officer | 3.75yrs | no data | no data |
3.3yrs
Average Tenure
51yo
Average Age
Experienced Management: JRVR's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.25yr | no data | no data | |
| Non-Executive Chairman | 13.17yrs | US$1.58m | 1.5% $ 21.1m | |
| Independent Director | 13.17yrs | US$176.49k | 0.049% $ 683.2k | |
| Independent Director | 4.75yrs | US$176.49k | 0.015% $ 213.5k | |
| Independent Director | 1.58yrs | US$52.65k | 0.017% $ 239.1k | |
| Lead Independent Director | 0.92yr | US$201.49k | 0.072% $ 1.0m | |
| Independent Director | 2.25yrs | US$174.98k | 0.0039% $ 54.6k | |
| Independent Director | 4.75yrs | US$176.49k | 0.013% $ 177.2k | |
| Independent Director | 2.25yrs | US$174.98k | 0.0039% $ 54.6k |
2.3yrs
Average Tenure
55yo
Average Age
Experienced Board: JRVR's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
James River Group Holdings, Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: James River Group Holdings, Ltd.
- Ticker: JRVR
- Exchange: NasdaqGS
- Founded: 2002
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$1.407b
- Shares outstanding: 30.65m
- Website: https://www.jrgh.net
Number of Employees
Location
- James River Group Holdings, Ltd.
- Wellesley House
- 2nd Floor
- Pembroke
- HM 08
- Bermuda
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| JRVR | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Dec 2014 |
| 0JR | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 2014 |
Biography
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insu...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/01 00:53 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.