James River Group Holdings Ltd (JRVR) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.42. The company posted revenue of $131.33 million in the period, compared to analysts expectations of $129.81 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
James River Group Holdings Ltd opened for trading at $31.21 and hit $31.21 on the upside on Monday, eventually ending the session at $31.1, with a gain of 0.45% or 0.14 points. The heightened volatility saw the trading volume jump to 60,336 shares. Company has a market cap of $900 M.
In a different news, on Jun 4, 2015, J Adam Abram (CEO) purchased 8,700 shares at $22.75 per share price.
James River Group Holdings Ltd. is a Bermuda-based insurance holding company. The Company owns and operates a group of specialty insurance and reinsurance companies. For the year ended December 31 2014 71% of the Company’s gross written premiums originated from the United States excess and surplus lines market. The Company operates through three specialty property-casualty insurance and reinsurance segments: Excess and Surplus (E&S) Lines which include commercial lines liability and property insurance products; Specialty Admitted Insurance which consists of standard insurance products primarily for workers’ compensation coverage for residential contractors light manufacturing operations transportation workers and healthcare workers in North Carolina Virginia and South Carolina and Casualty Reinsurance which include the operations of JRG Reinsurance Company Ltd. a Bermuda domiciled reinsurance subsidiary.