Kennedy Capital Management Inc. cut its holdings in Validus Holdings, Ltd. (NYSE:VR) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,040 shares of the insurance provider’s stock after selling 10,637 shares during the period. Kennedy Capital Management Inc.’s holdings in Validus were worth $3,802,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of VR. Zions Bancorporation acquired a new stake in shares of Validus during the third quarter worth about $116,000. The Manufacturers Life Insurance Company increased its position in shares of Validus by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock worth $124,000 after purchasing an additional 219 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Validus by 4,598.8% during the third quarter. Advisors Asset Management Inc. now owns 3,947 shares of the insurance provider’s stock worth $194,000 after purchasing an additional 3,863 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Validus by 48.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,315 shares of the insurance provider’s stock worth $202,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Paragon Capital Management Ltd acquired a new stake in shares of Validus during the fourth quarter worth about $211,000. Institutional investors own 98.97% of the company’s stock.
In related news, President Kean Driscoll sold 6,875 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $67.43, for a total transaction of $463,581.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders have sold 20,625 shares of company stock worth $1,102,544. Corporate insiders own 2.33% of the company’s stock.
Validus Holdings, Ltd. (NYSE:VR) opened at $67.70 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. Validus Holdings, Ltd. has a twelve month low of $41.15 and a twelve month high of $67.77. The stock has a market capitalization of $5,370.34, a PE ratio of -78.72, a P/E/G ratio of 1.79 and a beta of 1.02.
Validus (NYSE:VR) last released its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($1.00). Validus had a negative return on equity of 1.85% and a negative net margin of 1.70%. The company had revenue of $346.88 million for the quarter, compared to analysts’ expectations of $352.00 million. During the same period in the prior year, the business earned $0.80 EPS. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. analysts expect that Validus Holdings, Ltd. will post 4.2 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Wednesday, March 14th. Validus’s dividend payout ratio is currently -176.74%.
ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://sportsperspectives.com/2018/03/13/kennedy-capital-management-inc-has-3-80-million-holdings-in-validus-holdings-ltd-vr.html.
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.
Want to see what other hedge funds are holding VR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Validus Holdings, Ltd. (NYSE:VR).
Receive News & Ratings for Validus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Validus and related companies with MarketBeat.com's FREE daily email newsletter.