Validus Holdings, Ltd. (VR) Given Consensus Rating of “Hold” by Brokerages

Validus Holdings, Ltd. (NYSE:VR) has earned an average recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $55.60.

A number of research analysts have recently commented on the company. Barclays dropped their price target on Validus from $57.00 to $53.00 and set an “equal weight” rating for the company in a research note on Monday, October 16th. ValuEngine cut Validus from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded Validus from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price target on shares of Validus in a research note on Thursday, October 12th. Finally, Buckingham Research assumed coverage on Validus in a research note on Monday, September 11th. They issued a “buy” rating and a $52.00 price target for the company.

In other Validus news, President Kean Driscoll sold 6,875 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $46.16, for a total transaction of $317,350.00. Following the completion of the sale, the president now directly owns 110,858 shares in the company, valued at approximately $5,117,205.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lixin Zeng sold 26,136 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $52.10, for a total value of $1,361,685.60. Following the sale, the chief executive officer now owns 57,855 shares of the company’s stock, valued at $3,014,245.50. The disclosure for this sale can be found here. Insiders sold 39,886 shares of company stock valued at $2,024,848 over the last 90 days. 2.33% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. Century Capital Management LLC acquired a new stake in Validus during the 2nd quarter worth about $3,043,000. Prudential Financial Inc. grew its holdings in Validus by 8.9% during the 3rd quarter. Prudential Financial Inc. now owns 118,278 shares of the insurance provider’s stock worth $5,820,000 after acquiring an additional 9,700 shares during the period. Macquarie Group Ltd. grew its holdings in Validus by 5.2% during the 3rd quarter. Macquarie Group Ltd. now owns 1,427,096 shares of the insurance provider’s stock worth $70,228,000 after acquiring an additional 70,508 shares during the period. TLP Group LLC acquired a new stake in Validus during the 2nd quarter worth about $329,000. Finally, Cornerstone Capital Inc. grew its holdings in Validus by 9.7% during the 3rd quarter. Cornerstone Capital Inc. now owns 330,468 shares of the insurance provider’s stock worth $16,262,000 after acquiring an additional 29,283 shares during the period. Hedge funds and other institutional investors own 96.24% of the company’s stock.

Shares of Validus (NYSE:VR) traded down $0.47 on Monday, hitting $45.73. The stock had a trading volume of 831,471 shares, compared to its average volume of 692,480. Validus has a one year low of $41.15 and a one year high of $58.76. The company has a market cap of $3,671.14, a PE ratio of -70.35, a price-to-earnings-growth ratio of 1.25 and a beta of 0.67. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52.

Validus (NYSE:VR) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.30) by $0.08. Validus had a negative return on equity of 0.49% and a negative net margin of 1.38%. The company had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $453.04 million. During the same period in the prior year, the company earned $1.02 EPS. Validus’s revenue was up 24.3% compared to the same quarter last year. research analysts anticipate that Validus will post -0.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.32%. Validus’s payout ratio is -233.84%.

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Validus 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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