NOT FOR DISTRIBUTION
Header cover image

James River Group Holdings

Market Cap

US$1.4b

Last Updated

2021/05/10 23:44 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


Snowflake Analysis

Moderate growth potential second-rate dividend payer.


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 +/- 9% a week.

Volatility Over Time: JRVR's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-26.0%

JRVR

2.2%

US Insurance

-1.2%

US Market


1 Year Return

8.5%

JRVR

57.0%

US Insurance

48.3%

US Market

Return vs Industry: JRVR underperformed the US Insurance industry which returned 57% over the past year.

Return vs Market: JRVR underperformed the US Market which returned 48.3% over the past year.


Shareholder returns

JRVRIndustryMarket
7 Day-26.0%2.2%-1.2%
30 Day-28.2%7.2%0.2%
90 Day-27.9%15.8%1.6%
1 Year11.4%8.5%61.0%57.0%50.8%48.3%
3 Year5.3%-3.3%44.4%33.7%62.0%51.9%
5 Year33.3%10.2%89.0%65.5%126.9%101.7%

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

Valuation

Is James River Group Holdings undervalued compared to its fair value and its price relative to the market?

1.68x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: JRVR ($35) is trading above our estimate of fair value ($12.32)

Significantly Below Fair Value: JRVR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JRVR is unprofitable, so we can't compare its PE Ratio to the US Insurance industry average.

PE vs Market: JRVR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JRVR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JRVR is overvalued based on its PB Ratio (1.7x) compared to the US Insurance industry average (1.2x).


Future Growth

How is James River Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

108.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JRVR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: JRVR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: JRVR's is expected to become profitable in the next 3 years.

Revenue vs Market: JRVR's revenue (8.4% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: JRVR's revenue (8.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if JRVR's Return on Equity is forecast to be high in 3 years time


Past Performance

How has James River Group Holdings performed over the past 5 years?

-32.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JRVR is currently unprofitable.

Growing Profit Margin: JRVR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JRVR is unprofitable, and losses have increased over the past 5 years at a rate of 32.1% per year.

Accelerating Growth: Unable to compare JRVR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JRVR is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (33.6%).


Return on Equity

High ROE: JRVR has a negative Return on Equity (-9.67%), as it is currently unprofitable.


Financial Health

How is James River Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: JRVR's short term assets ($2.6B) exceed its short term liabilities ($1.6B).

Long Term Liabilities: JRVR's short term assets ($2.6B) do not cover its long term liabilities ($2.9B).


Debt to Equity History and Analysis

Debt Level: JRVR's debt to equity ratio (54.9%) is considered high.

Reducing Debt: JRVR's debt to equity ratio has increased from 27.3% to 54.9% over the past 5 years.

Debt Coverage: JRVR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if JRVR's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is James River Group Holdings's current dividend yield, its reliability and sustainability?

3.43%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 11 2021Ex Dividend DateJun 11 2021Dividend Pay DateJun 30 202119 days from Ex DividendBuy in the next 30 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: JRVR's dividend (3.43%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: JRVR's dividend (3.43%) is in the top 25% of dividend payers in the US market (3.41%)


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: JRVR is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: JRVR's dividends in 3 years are forecast to be well covered by earnings (43.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Frank D’Orazio (51 yo)

0.50

Tenure

US$4,064,388

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD4.06M) is about average for companies of similar size in the US market ($USD3.75M).

Compensation vs Earnings: Insufficient data to compare Frank's compensation with company performance.


Leadership Team

Experienced Management: JRVR's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: JRVR's board of directors are considered experienced (5 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 19.3%.


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$1.352b
  • Shares outstanding: 36.42m
  • Website: https://www.jrgh.net

Number of Employees


Location

  • James River Group Holdings, Ltd.
  • Wellesley House
  • 2nd Floor
  • Pembroke
  • HM 08
  • Bermuda

Listings


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 23:44
End of Day Share Price2021/05/10 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.