1.49% +0.12

James River Group Holdings Ltd (JRVR)

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Warum fällt James River Group Holdings Ltd-Aktie (JRVR)?

Wir haben während der Handelssitzung 2024-05-09 einen Rückgang der Aktie James River Group Holdings Ltd (JRVR) um 6.46% festgestellt. Obwohl dies auf normale Volatilität oder verschiedene interne und externe Faktoren zurückzuführen sein kann, beachten Sie bitte, dass wir die Situation aktiv beobachten und so schnell wie möglich zeitnahe Updates bereitstellen!

2023-11-09:

James River Group Holdings, Ltd Stock (JRVR) dropped by 32.78% from $13.15 to $8.84 in the trading on Thursday November 9, 2023. The reasons why JRVR stock down today include:

Worse-than-expected Q3 FY23 results: The company reported EPS of $0.48, beating the consensus of $0.47, and net earned premiums of $202.63 million missed the street view of $226.47 million.
Error in accounting: JRVR identified an error in accounting for reinstatement premium on a specialty casualty reinsurance treaty in its E&S segment. This led to understatements of ceded written premium and overstatements of net written premium and net earned premium of $9.4 million and $12.3 million, respectively, in Q2.
Agreement disclosure: The company disclosed an agreement with Fleming Intermediate Holdings to sell casualty reinsurance business for $277 million.
Downgrade from analyst: Truist downgraded the stock to Hold from Buy on increased risk that the insurer will have to set more money aside for reserves at its core Excess & Surplus Lines business.