Shares of Validus Holdings, Ltd. (NYSE:VR) have earned a consensus rating of “Hold” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One 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 average 12 month price target among brokers that have issued ratings on the stock in the last year is $56.60.
A number of analysts have commented on the company. Keefe, Bruyette & Woods set a $55.00 price objective on Validus Holdings and gave the stock a “hold” rating in a research report on Thursday, August 17th. BidaskClub downgraded Validus Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. ValuEngine upgraded Validus Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Finally, Zacks Investment Research downgraded Validus Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st.
Shares of Validus Holdings (VR) traded up 4.36% during midday trading on Tuesday, hitting $44.02. The stock had a trading volume of 3,699,615 shares. The firm has a market cap of $3.50 billion, a PE ratio of 12.03 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 firm has a 50-day moving average of $51.61 and a 200 day moving average of $53.81.
Validus Holdings (NYSE:VR) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 EPS for the quarter, topping the Zacks’ 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 company had revenue of $675.27 million during the quarter, compared to the consensus estimate of $922.84 million. During the same quarter last year, the company earned $0.66 EPS. On average, analysts expect that Validus Holdings will post $3.63 earnings per share for the current year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.45%. Validus Holdings’s dividend payout ratio is currently 41.87%.
In other news, Director Matthew J. Grayson sold 30,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $52.67, for a total value of $1,580,100.00. Following the completion of the transaction, the director now directly owns 61,393 shares of the company’s stock, valued at approximately $3,233,569.31. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Matthew J. Grayson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $52.74, for a total value of $527,400.00. Following the completion of the transaction, the director now directly owns 91,393 shares of the company’s stock, valued at $4,820,066.82. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock valued at $2,638,400 in the last quarter. Corporate insiders own 2.33% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of Validus Holdings by 14.0% in the 2nd quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock worth $112,000 after buying an additional 265 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Validus Holdings in the 2nd quarter worth approximately $116,000. The Manufacturers Life Insurance Company raised its holdings in shares of Validus Holdings by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock worth $124,000 after buying an additional 219 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Validus Holdings by 93.7% in the 2nd 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Validus Holdings by 10.6% in the 2nd 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 in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.
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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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