James River Group Holdings
Market Cap
US$1.3b
Last Updated
2019/12/12 00:47 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.
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with questionable track record.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.2%
JRVR
0.9%
US Insurance
0.8%
US Market
1 Year Return
13.4%
JRVR
21.5%
US Insurance
17.8%
US Market
Return vs Industry: JRVR underperformed the US Insurance industry which returned 21.5% over the past year.
Return vs Market: JRVR underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| JRVR | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.2% | 0.9% | 0.8% |
| 30 Day | 16.0% | 0.07% | 1.8% |
| 90 Day | -16.4% | -0.09% | 4.1% |
| 1 Year | 15.7%13.4% | 24.4%21.5% | 20.4%17.8% |
| 3 Year | 18.2%7.5% | 32.6%22.4% | 45.9%36.4% |
| 5 Year | 142.6%96.6% | 66.0%46.1% | 68.1%49.6% |
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
4 days ago | Simply Wall St
Don't Buy James River Group Holdings, Ltd. (NASDAQ:JRVR) For Its Next Dividend Without Doing These Checks6 days ago | Simply Wall St
The James River Group Holdings (NASDAQ:JRVR) Share Price Has Gained 87% And Shareholders Are Hoping For MoreValuation
Is James River Group Holdings undervalued compared to its fair value and its price relative to the market?
42.44x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: JRVR ($41.5) is trading above our estimate of fair value ($34.74)
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 (42.4x) compared to the Insurance industry average (16.8x).
PE vs Market: JRVR is poor value based on its PE Ratio (42.4x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: JRVR is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: JRVR is overvalued based on its PB Ratio (1.6x) compared to the US Insurance industry average (1.2x).
Next Steps
Future Growth
How is James River Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
38.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JRVR's forecast earnings growth (38.2% per year) is above the savings rate (1.7%).
Earnings vs Market: JRVR's earnings (38.2% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: JRVR's revenue is expected to decline over the next 3 years (-21.1% per year).
High Growth Revenue: JRVR's revenue is forecast to decline over the next 3 years (-21.1% 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 (8.5%).
Next Steps
Past Performance
How has James River Group Holdings performed over the past 5 years?
2.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JRVR has high quality earnings.
Growing Profit Margin: JRVR's current net profit margins (3.4%) are lower than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: JRVR's earnings have grown by 2% 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 (-43.7%) over the past year, making it difficult to compare to the Insurance industry average (-10.4%).
Return on Equity
High ROE: JRVR's Return on Equity (3.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is James River Group Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: JRVR has a low level of unsold assets or inventory.
Debt Coverage by Assets: JRVR's debt is covered by short term assets (assets are 7.4x debt).
Financial Institutions Analysis
Asset Level: JRVR's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if JRVR has a sufficient allowance for bad loans.
Low Risk Liabilities: JRVR reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if JRVR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: JRVR has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if JRVR has an appropriate level of bad loans.
Next Steps
Dividend
What is James River Group Holdings's current dividend yield, its reliability and sustainability?
2.89%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: JRVR's dividend (2.89%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: JRVR's dividend (2.89%) is low compared to the top 25% of dividend payers in the US market (3.72%).
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 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (122.7%), 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 covered by earnings (55.8% payout ratio).
Next Steps
Management
What is the CEO of James River Group Holdings's salary, the management and board of directors tenure and is there insider trading?
2.1yrs
Average management tenure
CEO
Jonathan Abram (63yo)
0.3yrs
Tenure
US$532,285
Compensation
Mr. Jonathan Adam Abram has been the Chief Executive Officer and Executive Chairman of James River Group Holdings, Ltd. since August 2019. Mr. Abram served as Non-Executive Chairman of James River Group Ho ...
CEO Compensation Analysis
Compensation vs Market: Jonathan's total compensation ($USD532.29K) is below average for companies of similar size in the US market ($USD3.87M).
Compensation vs Earnings: Jonathan's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.1yrs
Average Tenure
52.5yo
Average Age
Experienced Management: JRVR's management team is considered experienced (2.1 years average tenure).
Board Age and Tenure
4.3yrs
Average Tenure
53yo
Average Age
Experienced Board: JRVR's board of directors are considered experienced (4.3 years average tenure).
Insider Trading
Insider Buying: JRVR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 699 |
| Max Price | US$35.72 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 14,285 |
| Max Price | US$35.46 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Jonathan Abram (63yo)
Chairman & CEO
- Tenure: 0.3yrs
- Compensation: US$532.29k
Bob Myron (50yo)
President
- Tenure: 9yrs
- Compensation: US$4.93m
Richard Schmitzer (63yo)
President & CEO of the Excess and Surplus Lines Segment
- Tenure: 9.8yrs
- Compensation: US$1.75m
Sarah Doran (45yo)
Chief Financial Officer
- Tenure: 2.9yrs
- Compensation: US$952.12k
Kevin Copeland
SVP Finance & Chief Investment Officer
- Tenure: 2.6yrs
Daniel Heinlein (33yo)
President & CEO of the Casualty Reinsurance Division
- Tenure: 1.7yrs
- Compensation: US$982.35k
Terry McCafferty (55yo)
CEO & President of Specialty Admitted Insurance Segment
- Tenure: 1.2yrs
- Compensation: US$630.29k
Board Members
Bryan Martin (52yo)
Lead Director
- Tenure: 5yrs
- Compensation: US$176.00k
Jonathan Abram (63yo)
Chairman & CEO
- Tenure: 0.3yrs
- Compensation: US$532.29k
Michael Oakes (54yo)
Director
- Tenure: 12yrs
- Compensation: US$176.00k
Janet Cowell (50yo)
Independent Director
- Tenure: 3.6yrs
- Compensation: US$176.00k
Jerry Masters (61yo)
Independent Director
- Tenure: 5yrs
- Compensation: US$201.00k
Bob Myron (50yo)
President
- Tenure: 9yrs
- Compensation: US$4.93m
Sundar Srinivasan
Independent Director
- Tenure: 1.1yrs
- Compensation: US$19.02k
Ollie Sherman (67yo)
Independent Director
- Tenure: 3.6yrs
- Compensation: US$176.00k
Christopher Harris (49yo)
Independent Director
- Tenure: 1.1yrs
- Compensation: US$19.02k
Patricia Roberts
Director
- Tenure: 0.4yrs
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$1.262b
- Shares outstanding: 30.41m
- 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. Its Excess and Surplus Lines segment underwrites liability and proper ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/12 00:47 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.