Validus Holdings, Ltd. (VR) Research Coverage Started at Buckingham Research
Buckingham Research initiated coverage on shares of Validus Holdings, Ltd. (NYSE:VR) in a research report report published on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $52.00 price objective on the insurance provider’s stock.
A number of other research analysts also recently issued reports on the company. ValuEngine upgraded Validus Holdings from a hold rating to a buy rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods set a $55.00 price objective on Validus Holdings and gave the company a hold rating in a research note on Thursday, August 17th. BidaskClub downgraded Validus Holdings from a sell rating to a strong sell rating in a research note on Friday, August 18th. Finally, Zacks Investment Research downgraded Validus Holdings from a buy rating to a hold rating in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $56.29.
Shares of Validus Holdings (VR) opened at 49.06 on Monday. The company has a 50-day moving average of $51.32 and a 200-day moving average of $53.61. The stock has a market capitalization of $3.90 billion, a P/E ratio of 13.53 and a beta of 0.65. Validus Holdings has a 52 week low of $41.15 and a 52 week high of $58.76.
Validus Holdings (NYSE:VR) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.10. The company 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 period in the previous year, the company posted $0.66 EPS. On average, analysts anticipate that Validus Holdings will post $3.63 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 3.10%. Validus Holdings’s payout ratio is 41.87%.
In other Validus Holdings news, Director Matthew J. Grayson sold 10,000 shares of the company’s stock in a transaction that occurred 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 directly owns 51,393 shares in the company, valued at approximately $2,728,454.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.33% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of VR. BlackRock Inc. raised its holdings in shares of Validus Holdings by 2,898.5% during the 1st quarter. BlackRock Inc. now owns 3,235,863 shares of the insurance provider’s stock worth $182,471,000 after acquiring an additional 3,127,947 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Validus Holdings by 183.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,655,977 shares of the insurance provider’s stock worth $86,061,000 after acquiring an additional 1,072,405 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Validus Holdings by 84.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,783,406 shares of the insurance provider’s stock worth $92,684,000 after acquiring an additional 814,080 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Validus Holdings by 197.3% during the 2nd quarter. Renaissance Technologies LLC now owns 950,569 shares of the insurance provider’s stock worth $49,401,000 after acquiring an additional 630,835 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Validus Holdings by 33.0% during the 1st quarter. Victory Capital Management Inc. now owns 2,370,761 shares of the insurance provider’s stock worth $133,687,000 after acquiring an additional 588,594 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.
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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