Brokerages Set Validus Holdings, Ltd. (VR) Target Price at $55.83
Shares of Validus Holdings, Ltd. (NYSE:VR) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $55.50.
A number of research analysts recently issued reports on VR shares. Zacks Investment Research upgraded shares of Validus Holdings from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Friday, June 30th. Buckingham Research started coverage on shares of Validus Holdings in a research report on Monday, September 11th. They issued a “buy” rating and a $52.00 price objective on the stock. ValuEngine raised shares of Validus Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods set a $55.00 price objective on shares of Validus Holdings and gave the company a “hold” rating in a report on Thursday, August 17th. Finally, UBS AG reduced their price objective on shares of Validus Holdings from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, September 19th.
Institutional investors have recently made changes to their positions in the business. IFP Advisors Inc raised its holdings in Validus Holdings by 14.0% during the second quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock worth $112,000 after purchasing an additional 265 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Validus Holdings during the 2nd quarter worth approximately $116,000. The Manufacturers Life Insurance Company lifted its position in shares of Validus Holdings by 10.1% during the 2nd 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 lifted its position in shares of Validus Holdings by 93.7% during the 2nd 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 lifted its position in shares of Validus Holdings by 10.6% during the 2nd 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. Institutional investors own 93.51% of the company’s stock.
Validus Holdings (NYSE VR) traded down 0.273% during midday trading on Friday, reaching $49.275. The company’s stock had a trading volume of 473,506 shares. The firm has a market capitalization of $3.92 billion, a PE ratio of 13.589 and a beta of 0.65. The stock’s 50-day moving average price is $49.04 and its 200 day moving average price is $52.61. Validus Holdings has a 1-year low of $41.15 and a 1-year high of $58.76.
Validus Holdings (NYSE:VR) last released its earnings results on Thursday, July 27th. The insurance provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.10. The firm had revenue of $675.27 million for the quarter, compared to analyst estimates of $922.84 million. Validus Holdings had a net margin of 11.81% and a return on equity of 7.75%. During the same period in the prior year, the firm earned $0.66 earnings per share. Equities analysts anticipate that Validus Holdings will post $3.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.08%. The ex-dividend date was Thursday, September 14th. Validus Holdings’s payout ratio is 41.87%.
About Validus Holdings
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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