Validus Holdings, Ltd. (NYSE:VR) was the target of a large growth in short interest during the month of October. As of October 13th, there was short interest totalling 1,657,813 shares, a growth of 42.6% from the September 29th total of 1,162,656 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily volume of 847,312 shares, the short-interest ratio is presently 2.0 days.
Validus Holdings (NYSE VR) opened at 52.53 on Tuesday. Validus Holdings has a 12 month low of $41.15 and a 12 month high of $58.76. The stock has a 50 day moving average price of $49.25 and a 200 day moving average price of $51.80. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 14.49 and a beta of 0.65.
Validus Holdings (NYSE:VR) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.30) by $0.08. The firm had revenue of $407.00 million during the quarter, compared to analyst estimates of $453.04 million. Validus Holdings had a negative return on equity of 0.47% and a negative net margin of 1.38%. Validus Holdings’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 earnings per share. Analysts anticipate that Validus Holdings will post ($0.19) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in VR. IFP Advisors Inc boosted its holdings in shares of 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 purchasing an additional 265 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Validus Holdings in the second quarter valued at approximately $116,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Validus Holdings by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 219 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of 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 purchasing an additional 1,282 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 94.64% of the company’s stock.
VR has been the subject of a number of recent analyst reports. Buckingham Research initiated coverage on Validus Holdings in a research report on Monday, September 11th. They set a “buy” rating and a $52.00 price target for the company. ValuEngine raised Validus Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Bank of America Corporation raised Validus Holdings from a “neutral” rating to a “buy” rating in a research report on Monday. TheStreet lowered Validus Holdings from a “b” rating to a “c+” rating in a research report on Wednesday, October 11th. Finally, Barclays PLC lowered their price target on Validus Holdings from $57.00 to $53.00 and set an “equal weight” rating for the company in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $54.83.
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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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