Validus Holdings, Ltd. (VR) Given Consensus Recommendation of “Hold” by Analysts

Validus Holdings, Ltd. (NYSE:VR) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $54.83.

Several equities analysts recently commented on VR shares. BidaskClub cut Validus Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods set a $55.00 price objective on Validus Holdings and gave the stock a “hold” rating in a report on Thursday, August 17th. ValuEngine upgraded Validus Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Buckingham Research initiated coverage on Validus Holdings in a report on Monday, September 11th. They issued a “buy” rating and a $52.00 price objective for the company. Finally, UBS AG cut their price objective on Validus Holdings from $57.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, September 19th.

WARNING: This report was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://sportsperspectives.com/2017/11/19/validus-holdings-ltd-vr-given-consensus-recommendation-of-hold-by-analysts.html.

Validus Holdings (NYSE VR) traded down $0.23 during trading on Friday, reaching $49.66. The company had a trading volume of 575,201 shares, compared to its average volume of 849,731. Validus Holdings has a twelve month low of $41.15 and a twelve month 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 Holdings (NYSE:VR) last posted its earnings results on Thursday, October 26th. The insurance provider reported ($3.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 period in the previous year, the business earned $1.02 earnings per share. The firm’s revenue was up 24.3% on a year-over-year basis. equities research analysts predict that Validus Holdings will post -0.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Thursday, December 14th. Validus Holdings’s payout ratio is currently -233.84%.

In related news, CEO Lixin Zeng sold 26,136 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 57,855 shares in the company, valued at approximately $3,014,245.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Kean Driscoll sold 6,875 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $50.30, for a total value of $345,812.50. The disclosure for this sale can be found here. 2.33% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Validus Holdings by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,302,341 shares of the insurance provider’s stock valued at $327,534,000 after acquiring an additional 109,287 shares during the period. State Treasurer State of Michigan boosted its holdings in Validus Holdings by 11.4% during the 3rd quarter. State Treasurer State of Michigan now owns 3,798,643 shares of the insurance provider’s stock valued at $186,931,000 after acquiring an additional 390,000 shares during the period. BlackRock Inc. boosted its holdings in Validus Holdings by 11.2% during the 2nd quarter. BlackRock Inc. now owns 3,597,480 shares of the insurance provider’s stock valued at $186,963,000 after acquiring an additional 361,617 shares during the period. Victory Capital Management Inc. boosted its holdings in Validus Holdings by 7.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,546,912 shares of the insurance provider’s stock valued at $132,363,000 after acquiring an additional 176,151 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Validus Holdings by 7.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,468,885 shares of the insurance provider’s stock valued at $128,307,000 after acquiring an additional 172,976 shares during the period. Institutional investors own 95.07% of the company’s stock.

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.

Analyst Recommendations 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