Validus Holdings, Ltd. (VR) Expected to Announce Earnings of $1.10 Per Share

Brokerages expect Validus Holdings, Ltd. (NYSE:VR) to announce earnings of $1.10 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Validus Holdings’ earnings. The highest EPS estimate is $1.15 and the lowest is $1.02. Validus Holdings reported earnings of $0.66 per share in the same quarter last year, which would suggest a positive year over year growth rate of 66.7%. The firm is expected to announce its next quarterly earnings report on Tuesday, July 25th.

According to Zacks, analysts expect that Validus Holdings will report full-year earnings of $3.78 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $4.15. For the next fiscal year, analysts forecast that the company will report earnings of $4.15 per share, with EPS estimates ranging from $3.65 to $4.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Validus Holdings.

Validus Holdings (NYSE:VR) last announced its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by $0.22. Validus Holdings had a return on equity of 8.09% and a net margin of 14.97%. The firm earned $990.80 million during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $1.39 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year.

A number of research firms have weighed in on VR. Barclays PLC reissued a “hold” rating and issued a $57.00 target price on shares of Validus Holdings in a research note on Sunday, February 19th. Deutsche Bank AG lowered shares of Validus Holdings from a “buy” rating to a “hold” rating and raised their target price for the stock from $55.00 to $56.00 in a research note on Monday, February 6th. They noted that the move was a valuation call. JMP Securities raised their target price on shares of Validus Holdings from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, January 23rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 target price on shares of Validus Holdings in a research note on Thursday. Finally, Zacks Investment Research lowered shares of Validus Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Validus Holdings currently has a consensus rating of “Hold” and a consensus price target of $58.33.

Shares of Validus Holdings (NYSE:VR) traded up 0.34% on Thursday, reaching $55.28. The company had a trading volume of 610,243 shares. The stock has a market capitalization of $4.37 billion, a P/E ratio of 12.68 and a beta of 0.57. The company’s 50 day moving average price is $56.18 and its 200-day moving average price is $55.28. Validus Holdings has a 1-year low of $45.34 and a 1-year high of $58.76.

The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Monday, March 13th. This is a positive change from Validus Holdings’s previous quarterly dividend of $0.35. Validus Holdings’s payout ratio is presently 32.33%.

In related news, Director Jeffrey W. Greenberg sold 424,903 shares of Validus Holdings stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $57.34, for a total value of $24,363,938.02. Following the completion of the sale, the director now owns 3,027 shares in the company, valued at approximately $173,568.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter Anthony Bilsby sold 1,500 shares of Validus Holdings stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $56.20, for a total transaction of $84,300.00. Following the completion of the sale, the chief executive officer now owns 75,034 shares of the company’s stock, valued at approximately $4,216,910.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 642,689 shares of company stock worth $36,852,223. Corporate insiders own 4.19% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC bought a new stake in Validus Holdings during the fourth quarter valued at $203,000. Sciencast Management LP bought a new stake in Validus Holdings during the fourth quarter valued at $204,000. KBC Group NV increased its stake in Validus Holdings by 61.2% in the third quarter. KBC Group NV now owns 3,722 shares of the insurance provider’s stock valued at $185,000 after buying an additional 1,413 shares during the period. Trexquant Investment LP bought a new stake in Validus Holdings during the fourth quarter valued at $209,000. Finally, Brinker Capital Inc. bought a new stake in Validus Holdings during the third quarter valued at $202,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

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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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