Validus Holdings, Ltd. (NYSE:VR) Receives Average Rating of “Hold” from Analysts
Shares of Validus Holdings, Ltd. (NYSE:VR) have been assigned an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $56.60.
Several equities analysts recently commented on VR shares. Zacks Investment Research raised 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 report on Friday, June 30th. ValuEngine raised shares of Validus Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Deutsche Bank AG upped their price target on shares of Validus Holdings from $56.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $55.00 price target on shares of Validus Holdings in a research report on Thursday, April 27th. Finally, BidaskClub raised shares of Validus Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th.
In other Validus Holdings news, EVP Andrew E. Kudera sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $52.90, for a total transaction of $529,000.00. Following the completion of the sale, the executive vice president now directly owns 32,841 shares in the company, valued at $1,737,288.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matthew J. Grayson sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $52.67, for a total transaction of $1,580,100.00. Following the sale, the director now owns 61,393 shares of the company’s stock, valued at $3,233,569.31. The disclosure for this sale can be found here. Insiders have sold 70,151 shares of company stock valued at $3,708,012 in the last ninety days. 2.33% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in Validus Holdings by 14.0% in the second quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock valued at $112,000 after buying an additional 265 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Validus Holdings during the second quarter valued at about $116,000. BNP Paribas Arbitrage SA increased its stake in Validus Holdings by 93.7% in the second quarter. BNP Paribas Arbitrage SA now owns 2,650 shares of the insurance provider’s stock valued at $138,000 after buying an additional 1,282 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Validus Holdings by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,905 shares of the insurance provider’s stock valued at $151,000 after buying an additional 278 shares in the last quarter. Finally, Ropes Wealth Advisors LLC increased its stake in Validus Holdings by 408.8% in the first quarter. Ropes Wealth Advisors LLC now owns 3,602 shares of the insurance provider’s stock valued at $203,000 after buying an additional 2,894 shares in the last quarter. Institutional investors own 97.51% of the company’s stock.
Validus Holdings (NYSE VR) traded up 0.02% during mid-day trading on Friday, hitting $53.48. 500,755 shares of the stock traded hands. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 14.75 and a beta of 0.64. The firm’s 50-day moving average is $52.68 and its 200-day moving average is $54.78. Validus Holdings has a 12-month low of $48.77 and a 12-month high of $58.76.
Validus Holdings (NYSE:VR) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The business had revenue of $675.27 million during 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 quarter in the previous year, the business posted $0.66 earnings per share. Equities research analysts expect that Validus Holdings will post $3.74 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.84%. The ex-dividend date is Thursday, September 14th. Validus Holdings’s dividend payout ratio (DPR) is 41.87%.
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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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