Validus Holdings, Ltd. (VR) Upgraded by BidaskClub to Sell

Validus Holdings, Ltd. (NYSE:VR) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts also recently commented on VR. Zacks Investment Research downgraded Validus Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.00 target price on shares of Validus Holdings in a research report on Thursday, April 27th. Deutsche Bank AG increased their target price on Validus Holdings from $56.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Finally, ValuEngine upgraded Validus Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.00.

Validus Holdings (NYSE:VR) opened at 53.48 on Friday. The firm’s 50 day moving average is $52.68 and its 200 day moving average is $54.78. Validus Holdings has a 1-year low of $48.77 and a 1-year high of $58.76. The stock 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 posted its earnings results on Thursday, July 27th. The insurance provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $675.27 million during the quarter, compared to the consensus estimate of $922.84 million. Validus Holdings had a return on equity of 7.75% and a net margin of 11.81%. During the same period in the prior year, the company earned $0.66 EPS. On average, equities research analysts anticipate that Validus Holdings will post $3.74 earnings per share for the current year.

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In related news, insider Patrick Boisvert sold 1,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $53.40, for a total transaction of $53,400.00. Following the sale, the insider now owns 5,714 shares in the company, valued at approximately $305,127.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew J. Grayson sold 5,000 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $53.50, for a total value of $267,500.00. Following the sale, the director now owns 99,520 shares in the company, valued at approximately $5,324,320. The disclosure for this sale can be found here. Insiders have sold a total of 70,151 shares of company stock worth $3,708,012 in the last 90 days. 2.33% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in VR. IFP Advisors Inc raised its stake in Validus Holdings by 14.0% in the second quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock valued at $112,000 after buying an additional 265 shares during the last quarter. SG Americas Securities LLC bought a new stake in Validus Holdings during the second quarter valued at $116,000. BNP Paribas Arbitrage SA raised its stake 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 valued at $138,000 after buying an additional 1,282 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 valued at $151,000 after buying an additional 278 shares during the last quarter. Finally, Ropes Wealth Advisors LLC raised its stake 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 valued at $203,000 after buying an additional 2,894 shares during the last quarter. Institutional investors own 97.51% of the company’s stock.

About Validus Holdings

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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