Validus Holdings, Ltd. (VR) Price Target Lowered to $48.00 at UBS AG
Validus Holdings, Ltd. (NYSE:VR) had its target price reduced by UBS AG from $50.00 to $48.00 in a research note published on Monday morning, www.benzinga.com reports. They currently have a neutral rating on the insurance provider’s stock.
Other equities analysts also recently issued research reports about the company. Buckingham Research began coverage on Validus Holdings in a research report on Monday, September 11th. They set a buy rating and a $52.00 price target on the stock. ValuEngine upgraded 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 target on Validus Holdings and gave the stock a hold rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded Validus Holdings from a buy rating to a hold rating in a research report on Friday, July 7th. Finally, BidaskClub upgraded Validus Holdings from a strong sell rating to a sell rating in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $55.50.
Validus Holdings (NYSE:VR) opened at 48.95 on Monday. Validus Holdings has a 52-week low of $41.15 and a 52-week high of $58.76. The stock’s 50 day moving average price is $48.66 and its 200-day moving average price is $52.51. The stock has a market capitalization of $3.89 billion, a PE ratio of 13.50 and a beta of 0.65.
Validus Holdings (NYSE:VR) last issued its earnings results on Thursday, July 27th. The insurance provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Validus Holdings had a return on equity of 7.75% and a net margin of 11.81%. The firm had revenue of $675.27 million for the quarter, compared to the consensus estimate of $922.84 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, equities analysts expect that Validus Holdings will post $2.77 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.11%. Validus Holdings’s dividend payout ratio is currently 41.87%.
A number of hedge funds have recently modified their holdings of VR. UBS Asset Management Americas Inc. boosted its position in Validus Holdings by 10.7% during the first quarter. UBS Asset Management Americas Inc. now owns 60,165 shares of the insurance provider’s stock worth $3,393,000 after purchasing an additional 5,813 shares in the last quarter. M&T Bank Corp boosted its position in Validus Holdings by 1.2% during the first quarter. M&T Bank Corp now owns 10,708 shares of the insurance provider’s stock worth $603,000 after purchasing an additional 130 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Validus Holdings by 47.6% during the first quarter. Prudential Financial Inc. now owns 120,382 shares of the insurance provider’s stock valued at $6,788,000 after acquiring an additional 38,844 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Validus Holdings by 260.8% during the first quarter. Rafferty Asset Management LLC now owns 13,622 shares of the insurance provider’s stock valued at $768,000 after acquiring an additional 9,846 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Validus Holdings by 11.6% during the first quarter. Principal Financial Group Inc. now owns 583,572 shares of the insurance provider’s stock valued at $32,908,000 after acquiring an additional 60,491 shares during the last quarter. Institutional investors own 93.51% 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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