NasdaqGS:JRVR

Stock Analysis Report

James River Group Holdings

Executive Summary

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States.

Snowflake

Fundamentals

Adequate balance sheet with proven 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


Market Performance


7 Day Return

-0.2%

JRVR

1.2%

US Insurance

-0.02%

US Market


1 Year Return

15.5%

JRVR

9.2%

US Insurance

1.6%

US Market

JRVR outperformed the Insurance industry which returned 9.2% over the past year.

JRVR outperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

JRVRIndustryMarket
7 Day-0.2%1.2%-0.02%
30 Day0.8%2.5%2.7%
90 Day6.3%1.2%1.4%
1 Year18.8%15.5%11.8%9.2%3.8%1.6%
3 Year59.0%38.7%46.5%35.3%45.2%35.8%
5 Yearn/a71.5%50.9%61.8%44.1%

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

1 month ago | Simply Wall St

Does James River Group Holdings, Ltd.'s (NASDAQ:JRVR) August Stock Price Reflect Its Future Growth?

Valuation

Is James River Group Holdings undervalued based on future cash flows and its price relative to the stock market?

20.05x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

James River Group Holdings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

James River Group Holdings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

James River Group Holdings is overvalued based on earnings compared to the US Insurance industry average.

James River Group Holdings is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

James River Group Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

James River Group Holdings is overvalued based on assets compared to the US Insurance industry average.


Next Steps

Future Growth

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

11.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

James River Group Holdings's revenue is expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).

James River Group Holdings's earnings are expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).

James River Group Holdings's revenue growth is expected to exceed the United States of America market average.

James River Group Holdings's earnings growth is positive but not above the United States of America market average.

James River Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

James River Group Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

4.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

James River Group Holdings's year on year earnings growth rate has been positive over the past 5 years.

James River Group Holdings's 1-year earnings growth exceeds its 5-year average (71.9% vs 4.5%)

James River Group Holdings's earnings growth has exceeded the US Insurance industry average in the past year (71.9% vs 3.1%).


Return on Equity

James River Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

James River Group Holdings used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.


Return on Capital Employed

James River Group Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is James River Group Holdings's financial position?


Financial Position Analysis

James River Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

James River Group Holdings's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

James River Group Holdings's level of debt (25.6%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (22.2% vs 25.6% today).

Debt is well covered by operating cash flow (95.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 8.5x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 6.6x debt.


Next Steps

Dividend

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

2.56%

Expected Dividend Yield


Dividend Yield and Payments Analysis

James River Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

James River Group Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

James River Group Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but James River Group Holdings only paid a dividend in the past 5 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).


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?

1.9yrs

Average management tenure


CEO

Jonathan Abram (63yo)

0.08yrs

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

Jonathan's remuneration is lower than average for companies of similar size in United States of America.

Jonathan's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.9yrs

Average Tenure

52.5yo

Average Age

The average tenure for the James River Group Holdings management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.0yrs

Average Tenure

53yo

Average Age

The tenure for the James River Group Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jonathan Abram (63yo)

    Chairman & CEO

    • Tenure: 0.08yrs
    • Compensation: US$532.29k
  • Bob Myron (50yo)

    President

    • Tenure: 8.8yrs
    • Compensation: US$4.93m
  • Richard Schmitzer (63yo)

    President & CEO of the Excess and Surplus Lines Segment

    • Tenure: 9.5yrs
    • Compensation: US$1.75m
  • Sarah Doran (45yo)

    Chief Financial Officer

    • Tenure: 2.7yrs
    • Compensation: US$952.12k
  • Kevin Copeland

    SVP Finance & Chief Investment Officer

    • Tenure: 2.3yrs
  • Daniel Heinlein (33yo)

    President & CEO of the Casualty Reinsurance Division

    • Tenure: 1.4yrs
    • Compensation: US$982.35k
  • Terry McCafferty (55yo)

    CEO & President of Specialty Admitted Insurance Segment

    • Tenure: 0.9yrs
    • Compensation: US$630.29k

Board Members

  • Bryan Martin (52yo)

    Lead Director

    • Tenure: 4.8yrs
    • Compensation: US$176.00k
  • Jonathan Abram (63yo)

    Chairman & CEO

    • Tenure: 0.08yrs
    • Compensation: US$532.29k
  • Michael Oakes (54yo)

    Director

    • Tenure: 11.8yrs
    • Compensation: US$176.00k
  • Janet Cowell (50yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$176.00k
  • Jerry Masters (61yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$201.00k
  • Bob Myron (50yo)

    President

    • Tenure: 8.8yrs
    • Compensation: US$4.93m
  • Sundar Srinivasan

    Director

    • Tenure: 0.8yrs
    • Compensation: US$19.02k
  • Ollie Sherman (67yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$176.00k
  • Christopher Harris (49yo)

    Director

    • Tenure: 0.8yrs
    • Compensation: US$19.02k
  • Patricia Roberts

    Director

    • Tenure: 0.2yrs

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$1.505b
  • Shares outstanding: 30.38m
  • Website: https://www.jrgh.net

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JRVRNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDDec 2014
0JRDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 01:23
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.