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.
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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.
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