Validus Holdings, Ltd. (VR) Sets New 12-Month Low at $46.71
Validus Holdings, Ltd. (NYSE:VR) reached a new 52-week low on Tuesday . The stock traded as low as $46.71 and last traded at $46.49, with a volume of 804,447 shares. The stock had previously closed at $49.89.
Several research analysts recently issued reports on VR shares. BidaskClub lowered shares of Validus Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Keefe, Bruyette & Woods set a $55.00 target price on shares of Validus Holdings and gave the stock a “hold” rating in a research note on Thursday, August 17th. ValuEngine raised shares of Validus Holdings from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Zacks Investment Research lowered shares of Validus Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. One 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. The stock currently has an average rating of “Hold” and a consensus target price of $57.00.
The firm’s 50-day moving average price is $52.52 and its 200-day moving average price is $54.20. The firm has a market cap of $3.68 billion, a PE ratio of 12.76 and a beta of 0.65.
Validus Holdings (NYSE:VR) last released its earnings results on Thursday, July 27th. The insurance provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.10. The firm had revenue of $675.27 million for the quarter, compared to the consensus estimate of $922.84 million. Validus Holdings had a net margin of 11.81% and a return on equity of 7.75%. During the same period in the prior year, the firm earned $0.66 EPS. On average, equities research analysts anticipate that Validus Holdings, Ltd. will post $3.56 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Thursday, September 14th. Validus Holdings’s dividend payout ratio is presently 41.87%.
In other news, Director Matthew J. Grayson sold 10,000 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $53.09, for a total value of $530,900.00. Following the sale, the director now directly owns 51,393 shares of the company’s stock, valued at approximately $2,728,454.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew J. Grayson sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $52.67, for a total transaction of $1,580,100.00. Following the completion of the sale, the director now directly owns 61,393 shares in the company, valued at $3,233,569.31. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $2,638,400 over the last ninety days. Insiders own 2.33% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Validus Holdings by 14.0% in the 2nd quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock worth $112,000 after buying an additional 265 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Validus Holdings in the 2nd quarter worth about $116,000. The Manufacturers Life Insurance Company boosted its stake in Validus Holdings by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock worth $124,000 after purchasing an additional 219 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Validus Holdings by 93.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,650 shares of the insurance provider’s stock worth $138,000 after purchasing an additional 1,282 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Validus Holdings by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,905 shares of the insurance provider’s stock worth $151,000 after purchasing an additional 278 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
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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.