Whittier Trust Co. Has $4.06 Million Stake in Validus Holdings, Ltd. (VR)
Whittier Trust Co. increased its position in Validus Holdings, Ltd. (NYSE:VR) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,143 shares of the insurance provider’s stock after buying an additional 527 shares during the period. Whittier Trust Co. owned 0.10% of Validus Holdings worth $4,061,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Validus Holdings by 2,898.5% in the first quarter. BlackRock Inc. now owns 3,235,863 shares of the insurance provider’s stock valued at $182,471,000 after buying an additional 3,127,947 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Validus Holdings during the first quarter valued at about $54,660,000. Victory Capital Management Inc. raised its stake in Validus Holdings by 33.0% in the first quarter. Victory Capital Management Inc. now owns 2,370,761 shares of the insurance provider’s stock valued at $133,687,000 after buying an additional 588,594 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Validus Holdings during the first quarter valued at about $26,981,000. Finally, Pax World Management LLC acquired a new stake in Validus Holdings during the first quarter valued at about $11,150,000. 97.41% of the stock is owned by hedge funds and other institutional investors.
Shares of Validus Holdings, Ltd. (NYSE VR) traded up 0.34% on Friday, reaching $52.69. The company had a trading volume of 236,771 shares. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 14.97 and a beta of 0.64. Validus Holdings, Ltd. has a 52 week low of $47.91 and a 52 week high of $58.76. The stock’s 50 day moving average is $52.32 and its 200 day moving average is $55.13.
Validus Holdings (NYSE:VR) last posted its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.22. Validus Holdings had a return on equity of 7.05% and a net margin of 11.88%. The firm had revenue of $990.80 million during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company earned $1.39 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Validus Holdings, Ltd. will post $3.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Tuesday, June 13th. Validus Holdings’s dividend payout ratio (DPR) is currently 43.18%.
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Several research firms recently issued reports on VR. Zacks Investment Research lowered Validus Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. BidaskClub raised Validus Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $55.00 price objective on shares of Validus Holdings in a research note on Thursday, April 27th. ValuEngine raised Validus Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Finally, Deutsche Bank AG lifted their price objective on Validus Holdings from $56.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Validus Holdings has a consensus rating of “Hold” and an average target price of $57.00.
In other news, Director Matthew J. Grayson sold 30,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $52.67, for a total transaction of $1,580,100.00. Following the transaction, the director now directly owns 61,393 shares in the company, valued at $3,233,569.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Kean Driscoll sold 4,151 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $52.93, for a total transaction of $219,712.43. Following the transaction, the president now owns 104,841 shares in the company, valued at $5,549,234.13. The disclosure for this sale can be found here. Insiders sold a total of 73,151 shares of company stock worth $3,871,632 over the last three months. 2.33% of the stock is currently 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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