TIAA CREF Investment Management LLC cut its stake in shares of Validus Holdings, Ltd. (NYSE:VR) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 293,997 shares of the insurance provider’s stock after selling 1,164 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.37% of Validus Holdings worth $16,578,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in VR. Russell Investments Group Ltd. bought a new position in Validus Holdings during the fourth quarter valued at about $8,196,000. Comerica Bank increased its position in Validus Holdings by 10.8% in the fourth quarter. Comerica Bank now owns 23,126 shares of the insurance provider’s stock valued at $1,309,000 after buying an additional 2,254 shares in the last quarter. State Street Corp increased its position in Validus Holdings by 8.2% in the fourth quarter. State Street Corp now owns 1,489,637 shares of the insurance provider’s stock valued at $81,949,000 after buying an additional 112,262 shares in the last quarter. FMR LLC increased its position in Validus Holdings by 1.7% in the fourth quarter. FMR LLC now owns 2,123,992 shares of the insurance provider’s stock valued at $116,841,000 after buying an additional 36,213 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in Validus Holdings during the fourth quarter valued at about $209,000. Institutional investors own 97.41% of the company’s stock.

Institutional Ownership by Quarter for Validus Holdings (NYSE:VR)

Shares of Validus Holdings, Ltd. (NYSE VR) opened at 51.84 on Friday. Validus Holdings, Ltd. has a 52 week low of $45.39 and a 52 week high of $58.76. The firm has a market cap of $4.10 billion, a P/E ratio of 14.73 and a beta of 0.63. The stock’s 50 day moving average is $53.12 and its 200 day moving average is $55.55.

Validus Holdings (NYSE:VR) last posted its earnings results on Wednesday, April 26th. The insurance provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by $0.22. The firm had revenue of $990.80 million for the quarter, compared to analyst estimates of $1.03 billion. Validus Holdings had a net margin of 11.88% and a return on equity of 7.05%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 earnings per share. On average, equities research analysts predict that Validus Holdings, Ltd. will post $3.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, June 13th. Validus Holdings’s payout ratio is 43.18%.

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VR has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Validus Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 16th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $55.00 price objective on shares of Validus Holdings in a research note on Thursday, April 27th. Deutsche Bank AG upped their price objective on shares of Validus Holdings from $56.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, April 28th. ValuEngine upgraded shares of Validus Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Finally, BidaskClub upgraded shares of Validus Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $58.33.

In other Validus Holdings news, CEO Kean Driscoll sold 4,151 shares of the business’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $55.13, for a total transaction of $228,844.63. Following the completion of the transaction, the chief executive officer now directly owns 108,992 shares of the company’s stock, valued at approximately $6,008,728.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew J. Grayson sold 10,000 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $53.09, for a total transaction of $530,900.00. Following the transaction, the director now directly owns 51,393 shares of the company’s stock, valued at $2,728,454.37. The disclosure for this sale can be found here. Insiders have sold a total of 77,302 shares of company stock valued at $4,100,477 over the last three months. 2.33% of the stock is currently owned by company 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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