Revenue Update on James River Group Holdings Ltd(NASDAQ:JRVR)

James River Group Holdings Ltd(NASDAQ:JRVR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $118.56M. Analysts estimated a revenue of $146.28M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.43.

James River Group Holdings Ltd (JRVR) shares turned negative on Fridays trading session with the shares closing down -0.18 points or -0.51% at a volume of 36,164. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $35.5299. The peak price level was also seen at $35.5299 while the days lowest was $34.81. Finally the shares closed at $35.15. The 52-week high of the shares is $36.1382 while the 52-week low is $24.8945. According to the latest information available, the market cap of the company is $1,023 M.

Several Insider Transactions has been reported to the SEC. 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.

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