Legal & General Group Plc Acquires 2,760 Shares of Validus Holdings, Ltd. (VR)
Legal & General Group Plc lifted its holdings in shares of Validus Holdings, Ltd. (NYSE:VR) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,219 shares of the insurance provider’s stock after buying an additional 2,760 shares during the period. Legal & General Group Plc owned 0.09% of Validus Holdings worth $3,546,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. IFP Advisors Inc grew its position in shares of Validus Holdings by 14.0% during the 2nd quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock valued at $112,000 after buying an additional 265 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Validus Holdings during the 2nd quarter valued at about $116,000. Summit Securities Group LLC bought a new stake in shares of Validus Holdings during the 2nd quarter valued at about $222,000. Parallel Advisors LLC grew its position in shares of Validus Holdings by 19.8% during the 1st quarter. Parallel Advisors LLC now owns 4,425 shares of the insurance provider’s stock valued at $244,000 after buying an additional 731 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Validus Holdings during the 2nd quarter valued at about $296,000. 94.80% of the stock is owned by institutional investors and hedge funds.
Shares of Validus Holdings, Ltd. (VR) opened at 47.22 on Friday. The company’s 50 day moving average is $51.06 and its 200-day moving average is $53.53. Validus Holdings, Ltd. has a 12 month low of $41.15 and a 12 month high of $58.76. The company has a market cap of $3.75 billion, a P/E ratio of 13.02 and a beta of 0.65.
Validus Holdings (NYSE:VR) last released its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 11.81% and a return on equity of 7.75%. During the same period last year, the firm earned $0.66 EPS. Analysts expect that Validus Holdings, Ltd. will post $3.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, September 14th. Validus Holdings’s payout ratio is 41.87%.
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A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Validus Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Zacks Investment Research raised shares of Validus Holdings from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, June 30th. Keefe, Bruyette & Woods set a $55.00 price objective on shares of Validus Holdings and gave the company a “hold” rating in a research report on Thursday, August 17th. ValuEngine raised shares of Validus Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Finally, Buckingham Research assumed coverage on shares of Validus Holdings in a research report on Monday. They set a “buy” rating and a $52.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $56.29.
Validus Holdings Company Profile
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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