James River Group Holdings Ltd (JRVR) Releases Earnings Results, Beats Expectations By $0.03 EPS

James River Group Holdings Ltd (JRVR) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.43. The company posted revenue of $134.51 million in the period, compared to analysts expectations of $128.43 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

James River Group Holdings Ltd closed down -0.31 points or -0.91% at $33.84 with 60,510 shares getting traded on Tusday. Post opening the session at $34.15, the shares hit an intraday low of $33.6 and an intraday high of $34.315 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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.

James River Group Holdings Ltd

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