Validus Holdings, Ltd. (NYSE:VR) has received an average recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $56.60.
VR has been the topic of several research analyst reports. Zacks Investment Research cut Validus Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 2nd. Deutsche Bank AG raised their price objective on Validus Holdings from $56.00 to $59.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. BidaskClub upgraded Validus Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Keefe, Bruyette & Woods restated a “hold” rating and set a $55.00 price objective on shares of Validus Holdings in a research note on Thursday, April 27th. Finally, ValuEngine raised Validus Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd.
In other news, Director Matthew J. Grayson sold 30,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $52.67, for a total transaction of $1,580,100.00. Following the transaction, the director now directly owns 61,393 shares of the company’s stock, valued at $3,233,569.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew E. Kudera sold 10,000 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $52.90, for a total value of $529,000.00. Following the transaction, the executive vice president now directly owns 32,841 shares in the company, valued at $1,737,288.90. The disclosure for this sale can be found here. Insiders have sold 70,151 shares of company stock worth $3,708,012 over the last three months. Corporate insiders own 2.33% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in Validus Holdings by 14.0% in the second quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock worth $112,000 after buying an additional 265 shares during the period. SG Americas Securities LLC bought a new position in Validus Holdings during the second quarter worth $116,000. BNP Paribas Arbitrage SA raised its position in Validus Holdings by 93.7% in the second quarter. BNP Paribas Arbitrage SA now owns 2,650 shares of the insurance provider’s stock worth $138,000 after buying an additional 1,282 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Validus Holdings by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,905 shares of the insurance provider’s stock worth $151,000 after buying an additional 278 shares during the period. Finally, Ropes Wealth Advisors LLC raised its position in Validus Holdings by 408.8% in the first quarter. Ropes Wealth Advisors LLC now owns 3,602 shares of the insurance provider’s stock worth $203,000 after buying an additional 2,894 shares during the period. 97.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Validus Holdings (NYSE:VR) opened at 53.48 on Monday. Validus Holdings has a 12-month low of $48.77 and a 12-month high of $58.76. The stock has a 50 day moving average of $52.68 and a 200-day moving average of $54.78. The company has a market capitalization of $4.25 billion, a P/E ratio of 14.75 and a beta of 0.64.
Validus Holdings (NYSE:VR) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.10. Validus Holdings had a return on equity of 7.75% and a net margin of 11.81%. The firm had revenue of $675.27 million for the quarter, compared to analysts’ expectations of $922.84 million. During the same period last year, the business posted $0.66 earnings per share. Equities research analysts forecast that Validus Holdings will post $3.74 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, September 14th. Validus Holdings’s dividend payout ratio is presently 41.87%.
Validus Holdings Company Profile
Validus Holdings, Ltd. is a holding company. The Company operates through four segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. Validus Re concentrates on first-party property and other reinsurance risks. Talbot is a specialty insurance segment operating within the Lloyd’s insurance market through Syndicate 1183.
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