Validus (VR) Earns “Hold” Rating from Barclays
Other equities analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods upgraded Validus from a market perform rating to an outperform rating in a report on Thursday, January 4th. ValuEngine cut Validus from a buy rating to a hold rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded Validus from a strong sell rating to a hold rating in a report on Thursday, October 5th. Buckingham Research assumed coverage on Validus in a report on Monday, September 11th. They set a buy rating and a $52.00 price target for the company. Finally, UBS Group cut their price target on Validus from $57.00 to $50.00 and set a neutral rating for the company in a report on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $54.33.
Validus (NYSE:VR) remained flat at $$46.61 during trading hours on Tuesday. The stock had a trading volume of 435,480 shares, compared to its average volume of 586,266. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 0.95. Validus has a twelve month low of $41.15 and a twelve month high of $58.76.
Validus (NYSE:VR) last released its earnings results on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.30) by $0.08. Validus had a negative return on equity of 0.49% and a negative net margin of 1.38%. The firm had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $453.04 million. During the same quarter last year, the business posted $1.02 earnings per share. The firm’s revenue was up 24.3% on a year-over-year basis. analysts forecast that Validus will post -0.3 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Thursday, December 14th. Validus’s dividend payout ratio is presently -233.84%.
In other news, President Kean Driscoll sold 6,875 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $46.16, for a total value of $317,350.00. Following the completion of the sale, the president now directly owns 110,858 shares of the company’s stock, valued at approximately $5,117,205.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lixin Zeng sold 26,136 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $52.10, for a total value of $1,361,685.60. Following the completion of the sale, the chief executive officer now directly owns 57,855 shares of the company’s stock, valued at $3,014,245.50. The disclosure for this sale can be found here. Insiders have sold a total of 39,886 shares of company stock valued at $2,024,848 in the last 90 days. 2.33% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Validus in the 2nd quarter valued at approximately $116,000. Zions Bancorporation bought a new stake in shares of Validus in the 3rd quarter valued at approximately $116,000. The Manufacturers Life Insurance Company lifted its stake in shares of Validus by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 219 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Validus by 93.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,650 shares of the insurance provider’s stock valued at $138,000 after purchasing an additional 1,282 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Validus by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,905 shares of the insurance provider’s stock valued at $151,000 after purchasing an additional 278 shares during the last quarter. 96.24% of the stock is owned by institutional investors and hedge funds.
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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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