Cornerstone Capital Management Holdings LLC. Has $4.95 Million Holdings in Validus Holdings, Ltd. (VR)

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%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.truebluetribune.com/2017/10/13/cornerstone-capital-management-holdings-llc-has-4-95-million-holdings-in-validus-holdings-ltd-vr.html.

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.

Institutional Ownership by Quarter for Validus Holdings (NYSE:VR)

Receive News & Ratings for Validus Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Validus Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply