|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||25.29 - 25.65|
|52 Week Range||19.76 - 39.60|
|Beta (5Y Monthly)||0.39|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 23, 2022 - Feb 28, 2022|
|Forward Dividend & Yield||0.20 (0.89%)|
|Ex-Dividend Date||Jun 10, 2022|
|1y Target Est||30.92|
The average of price targets set by Wall Street analysts indicates a potential upside of 26.2% in James River Group (JRVR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
James River Group (JRVR) delivered earnings and revenue surprises of 6.12% and 5.81%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Second quarter 2022 net income available to common shareholders of $5.0 million ($0.13 per diluted share). Adjusted net operating income1 of $20.0 million ($0.52 per diluted share) resulted in an adjusted net operating return on tangible common equity1 of 19.9% for the second quarter of 2022.The second quarter 2022 Group combined ratio was 91.0%. The Company's largest segment, Excess and Surplus Lines ("E&S"), produced a combined ratio of 83.8%.E&S segment gross written premium grew 24.6% compar