News coverage about Validus (NYSE:VR) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Validus earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 47.4143920111881 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Ex-Dividend Reminder: TPG Specialty Lending, Validus Holdings and MB Financial (nasdaq.com)
- $0.94 Earnings Per Share Expected for Validus Holdings, Ltd. (VR) This Quarter (americanbankingnews.com)
- Validus Holdings, Ltd. Plans Quarterly Dividend of $0.38 (VR) (americanbankingnews.com)
- Validus Holdings, Ltd. (VR) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
A number of equities research analysts have weighed in on the stock. UBS lifted their price target on shares of Validus from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Bank of America upgraded shares of Validus from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th. ValuEngine upgraded shares of Validus from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Barclays reduced their target price on shares of Validus from $57.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Monday, October 16th. Finally, TheStreet downgraded shares of Validus from a “b” rating to a “c+” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Validus currently has a consensus rating of “Hold” and a consensus price target of $54.83.
Validus (NYSE:VR) traded up $0.69 during trading on Friday, hitting $46.85. The company had a trading volume of 1,088,300 shares, compared to its average volume of 618,866. Validus has a fifty-two week low of $41.15 and a fifty-two week high of $58.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.95.
Validus (NYSE:VR) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.30) by $0.08. The firm had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $453.04 million. Validus had a negative return on equity of 0.49% and a negative net margin of 1.38%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.02 EPS. sell-side analysts predict that Validus will post -0.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 3.24%. Validus’s dividend payout ratio is currently -233.84%.
In other news, President Kean Driscoll sold 6,875 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $50.30, for a total value of $345,812.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lixin Zeng sold 26,136 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.10, for a total value of $1,361,685.60. Following the completion of the sale, the chief executive officer now directly owns 57,855 shares of the company’s stock, valued at $3,014,245.50. The disclosure for this sale can be found here. Corporate insiders own 2.33% of the company’s stock.
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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