Cornerstone Capital Management Holdings LLC. decreased its stake in Validus Holdings, Ltd. (NYSE:VR) by 19.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,322 shares of the insurance provider’s stock after selling 23,463 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.12% of Validus Holdings worth $4,953,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of VR. IFP Advisors Inc increased its position in Validus Holdings by 14.0% in the second 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 purchased a new stake in Validus Holdings in the second quarter worth about $116,000. BNP Paribas Arbitrage SA increased its position 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 worth $138,000 after buying an additional 1,282 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 worth $151,000 after buying an additional 278 shares in the last quarter. Finally, Ropes Wealth Advisors LLC increased its position in Validus Holdings by 8.3% in the second quarter. Ropes Wealth Advisors LLC now owns 3,901 shares of the insurance provider’s stock worth $203,000 after buying an additional 299 shares in the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.
Shares of Validus Holdings, Ltd. (NYSE VR) opened at 49.74 on Friday. Validus Holdings, Ltd. has a 52-week low of $41.15 and a 52-week high of $58.76. The company’s 50 day moving average price is $48.15 and its 200 day moving average price is $52.25. The stock has a market cap of $3.95 billion, a PE ratio of 13.72 and a beta of 0.65.
Validus Holdings (NYSE:VR) last posted its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The business had revenue of $675.27 million during the quarter, compared to analyst estimates 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 business earned $0.66 earnings per share. On average, analysts anticipate that Validus Holdings, Ltd. will post $0.29 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.06%. Validus Holdings’s dividend payout ratio (DPR) is presently 41.87%.
VR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price target on shares of Validus Holdings in a research report on Thursday. BidaskClub upgraded Validus Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. UBS AG reduced their price target on Validus Holdings from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, September 19th. ValuEngine cut Validus Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, TheStreet cut Validus Holdings from a “b” rating to a “c+” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $54.83.
Validus Holdings 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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