Validus Holdings, Ltd. (VR) Stake Raised by Sei Investments Co.
Sei Investments Co. increased its stake in Validus Holdings, Ltd. (NYSE:VR) by 42.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,191 shares of the insurance provider’s stock after buying an additional 37,574 shares during the period. Sei Investments Co.’s holdings in Validus Holdings were worth $6,558,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in VR. Ropes Wealth Advisors LLC increased its stake in shares of 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 during the period. UBS Asset Management Americas Inc. increased its stake in shares of Validus Holdings by 10.7% in the first quarter. UBS Asset Management Americas Inc. now owns 60,165 shares of the insurance provider’s stock valued at $3,393,000 after buying an additional 5,813 shares during the period. Suntrust Banks Inc. increased its stake in shares of Validus Holdings by 9.5% in the first quarter. Suntrust Banks Inc. now owns 41,738 shares of the insurance provider’s stock valued at $2,353,000 after buying an additional 3,618 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in shares of Validus Holdings during the first quarter valued at approximately $54,660,000. Finally, First Trust Advisors LP increased its stake in shares of Validus Holdings by 12.7% in the first quarter. First Trust Advisors LP now owns 601,266 shares of the insurance provider’s stock valued at $33,905,000 after buying an additional 67,638 shares during the period. 97.84% of the stock is owned by institutional investors.
Shares of Validus Holdings, Ltd. (VR) opened at 53.65 on Tuesday. Validus Holdings, Ltd. has a 52-week low of $48.77 and a 52-week high of $58.76. The company has a 50-day moving average of $52.73 and a 200 day moving average of $54.72. The firm has a market cap of $4.26 billion, a P/E ratio of 14.80 and a beta of 0.64.
Validus Holdings (NYSE:VR) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The business had revenue of $675.27 million during the quarter, compared to the consensus estimate of $922.84 million. Validus Holdings had a return on equity of 7.75% and a net margin of 11.81%. During the same quarter in the prior year, the company earned $0.66 earnings per share. On average, equities analysts expect that Validus Holdings, Ltd. will post $3.74 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.38 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.83%. Validus Holdings’s dividend payout ratio (DPR) is 41.87%.
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Several research firms recently issued reports on VR. BidaskClub raised shares of Validus Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. 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 lifted their price target on shares of Validus Holdings from $56.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 price target on shares of Validus Holdings in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Validus Holdings has a consensus rating of “Hold” and an average target price of $57.00.
In other Validus Holdings news, insider Patrick Boisvert sold 1,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $53.40, for a total value of $53,400.00. Following the completion of the transaction, the insider now owns 5,714 shares in the company, valued at $305,127.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Matthew J. Grayson sold 10,000 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $53.09, for a total value of $530,900.00. Following the completion of the transaction, the director now owns 51,393 shares of the company’s stock, valued at approximately $2,728,454.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,000 shares of company stock valued at $2,959,300. 2.33% of the stock is owned by corporate insiders.
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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