Bessemer Group Inc. decreased its stake in Validus Holdings, Ltd. (NYSE:VR) by 31.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 481,067 shares of the insurance provider’s stock after selling 224,193 shares during the quarter. Bessemer Group Inc. owned approximately 0.61% of Validus Holdings worth $23,674,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of VR. IFP Advisors Inc boosted its stake in shares of 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 during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Validus Holdings in the second quarter worth about $116,000. The Manufacturers Life Insurance Company boosted its stake in shares of Validus Holdings by 10.1% in the second 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 during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of 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 during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.
In other Validus Holdings news, CEO Lixin Zeng sold 26,136 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $52.10, for a total transaction of $1,361,685.60. Following the completion of the transaction, the chief executive officer now owns 57,855 shares of the company’s stock, valued at $3,014,245.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.33% of the stock is owned by corporate insiders.
Validus Holdings, Ltd. (NYSE:VR) traded down $0.14 during midday trading on Friday, reaching $52.32. The company had a trading volume of 139,955 shares, compared to its average volume of 602,851. Validus Holdings, Ltd. has a 12 month low of $41.15 and a 12 month high of $58.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52.
Validus Holdings (NYSE:VR) last announced its earnings results on Thursday, October 26th. The insurance provider reported ($3.22) EPS for the quarter, beating analysts’ consensus estimates of ($3.30) by $0.08. Validus Holdings had a negative return on equity of 0.49% and a negative net margin of 1.38%. The business had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $453.04 million. During the same quarter in the prior year, the firm earned $1.02 earnings per share. The business’s revenue was up 24.3% compared to the same quarter last year. equities research analysts expect that Validus Holdings, Ltd. will post -0.06 EPS for the current year.
The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.91%. Validus Holdings’s payout ratio is currently -233.84%.
A number of analysts have recently commented on VR shares. Buckingham Research initiated coverage on Validus Holdings in a research note on Monday, September 11th. They issued a “buy” rating and a $52.00 target price on the stock. ValuEngine raised Validus Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Bank of America Corporation raised Validus Holdings from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. TheStreet cut Validus Holdings from a “b” rating to a “c+” rating in a report on Wednesday, October 11th. Finally, Barclays PLC reduced their price target on Validus Holdings from $57.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.83.
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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