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Last $9.99 USD
Change Today -0.07 / -0.70%
Volume 51.6K
JGW On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

jg wentworth co-cl a (JGW) Snapshot

Open
$10.15
Previous Close
$10.06
Day High
$10.15
Day Low
$9.93
52 Week High
05/5/14 - $14.25
52 Week Low
12/12/14 - $8.65
Market Cap
141.2M
Average Volume 10 Days
66.9K
EPS TTM
$2.66
Shares Outstanding
14.1M
EX-Date
--
P/E TM
3.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for JG WENTWORTH CO-CL A (JGW)

jg wentworth co-cl a (JGW) Related Businessweek News

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jg wentworth co-cl a (JGW) Details

The J.G. Wentworth Company provides funding solutions to customers in the United States. It serves the liquidity needs of structured settlement payment holders by providing its customers with cash in exchange for various fixed scheduled future payments. The company acts as an intermediary that identifies, underwrites, and purchases individual payment streams from its customers; aggregates those payment streams; and then finances them in the institutional market at financing rates. It offers liquidity to customers through various products, such as structured settlements, which are contractual agreements to settle a tort claim involving physical injury or illness; and annuities that are insurance products purchased by individuals from insurance companies entitling the beneficiary to receive a pre-determined stream of periodic payments. The company’s products also comprise lotteries, which are prizes with periodic payments and backed by state lottery commission obligations or insurance company annuities; and pre-settlement funding, a transaction with a plaintiff with a pending personal injury claim to provide liquidity while awaiting settlement. It engages in warehousing and resale or securitization of various financial assets. The J.G. Wentworth Company offers its products and services under the JG Wentworth and Peachtree brand names. The company was formerly known as JGWPT Holdings Inc. and changed its name to The J.G. Wentworth Company in September 2014. The J.G. Wentworth Company was incorporated in 2013 and is headquartered in Radnor, Pennsylvania.

410 Employees
Last Reported Date: 03/13/15
Founded in 2013

jg wentworth co-cl a (JGW) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $269.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $406.2K
Compensation as of Fiscal Year 2014.

jg wentworth co-cl a (JGW) Key Developments

The J.G. Wentworth Company Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014

The J.G. Wentworth Company reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2014. For the quarter, total Revenues were $127.274 million against $106.556 million a year ago. Income before income taxes was $32.654 million against loss before income taxes of $4.117 million a year ago. Net income attributable to The J.G. Wentworth Company was $11.829 million or $0.81 per basic and diluted share against net loss attributable to The J.G. Wentworth Company of $5.577 million or $0.54 per basic and diluted share a year ago. Adjusted Net Income was $9.081 million against $11.164 million a year ago. Revenues increase was due to primarily to the impact of decreasing cost of funds on unrealized gains on VIE and other finance receivables, long-term debt and derivatives. Net income increased to $27.7 million, as compared to a loss of $5.4 million in the fourth quarter of 2013, due primarily to an increase in revenues, lower interest expense, and the loss on disposal/impairment of fixed assets in 2013. For the year, total Revenues were $494.376 million against $459.563 million a year ago. Income before income taxes was $117.753 million against $64.364 million a year ago. Net income attributable to The J.G. Wentworth Company was $31.211 million or $2.40 per basic and diluted share against net loss attributable to The J.G. Wentworth Company of $5.577 million or $0.54 per basic and diluted share a year ago. Adjusted Net Income was $43.593 million against $46.614 million a year ago. Net income increased to $96.6 million, as compared to $61.8 million in 2013, primarily due to an increase in unrealized gains on VIE and other finance receivables, long-term debt and derivatives that resulted from a more favorable movement in the fair value interest rate used to value finance receivables. These increases were offset by an increase in interest expense.

J.G. Wentworth Company Mulls Acquisitions

The J.G. Wentworth Company (NYSE:JGW) is seeking acquisitions. Stewart Stockdale, Chief Executive Officer of, said in The J.G. Wentworth Company earnings call, “So there's no big company out there that we could go acquire that we could see. If somebody comes around, we would obviously take a look at it. But what we are doing is buying blocks of business, and that is something that we will continue to do which are smaller type deals that some providers bring to us. And then we bring it on and we securitize it ourselves and actually go through our entire underwriting process, and we do that on an ongoing basis. We did the last year will continue to do that this year. But as far as big, big acquisitions, they're few and far between as far as I'm concerned going forward.”

The J.G. Wentworth Company to Report Q4, 2014 Results on Mar 12, 2015

The J.G. Wentworth Company announced that they will report Q4, 2014 results Pre-Market on Mar 12, 2015

 

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JGW

Industry Average

Valuation JGW Industry Range
Price/Earnings 4.2x
Price/Sales 0.5x
Price/Book 1.2x
Price/Cash Flow 4.0x
TEV/Sales NM Not Meaningful
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