A number of other equities research analysts have also recently weighed in on VR. BidaskClub cut Validus Holdings from a sell rating to a strong sell rating in a report on Friday, August 18th. Zacks Investment Research cut Validus Holdings from a hold rating to a strong sell rating in a report on Thursday, September 28th. Keefe, Bruyette & Woods set a $55.00 price target on Validus Holdings and gave the stock a hold rating in a report on Thursday, August 17th. UBS AG lowered their price target on Validus Holdings from $50.00 to $48.00 and set a neutral rating on the stock in a report on Monday, October 2nd. Finally, ValuEngine cut Validus Holdings from a buy rating to a hold rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Validus Holdings currently has an average rating of Hold and a consensus target price of $54.83.
Validus Holdings (VR) traded down 0.38% during trading on Monday, hitting $52.33. The stock had a trading volume of 276,898 shares. The firm has a market cap of $4.16 billion, a P/E ratio of 14.43 and a beta of 0.65. Validus Holdings has a 12-month low of $41.15 and a 12-month high of $58.76. The stock’s 50 day moving average price is $49.25 and its 200 day moving average price is $51.80.
Validus Holdings (NYSE:VR) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.30) by $0.08. The business had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $453.04 million. Validus Holdings had a negative return on equity of 0.47% and a negative net margin of 1.38%. The company’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 EPS. On average, analysts anticipate that Validus Holdings will post ($0.19) EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the business. Federated Investors Inc. PA lifted its stake in shares of Validus Holdings by 3.4% during the 2nd quarter. Federated Investors Inc. PA now owns 186,103 shares of the insurance provider’s stock worth $9,672,000 after purchasing an additional 6,081 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Validus Holdings by 183.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,655,977 shares of the insurance provider’s stock worth $86,061,000 after purchasing an additional 1,072,405 shares during the period. Airain ltd purchased a new position in shares of Validus Holdings during the 2nd quarter worth $1,437,000. Century Capital Management LLC purchased a new position in shares of Validus Holdings during the 2nd quarter worth $3,043,000. Finally, Geode Capital Management LLC lifted its stake in shares of Validus Holdings by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 600,865 shares of the insurance provider’s stock worth $33,882,000 after purchasing an additional 21,066 shares during the period. 94.64% of the stock is currently owned by institutional investors.
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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