Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Validus Holdings, Ltd. (NYSE:VR) by 10.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,905 shares of the insurance provider’s stock after buying an additional 278 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Validus Holdings were worth $151,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in Validus Holdings by 2.9% in the 1st quarter. Russell Investments Group Ltd. now owns 153,444 shares of the insurance provider’s stock worth $8,653,000 after purchasing an additional 4,272 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Validus Holdings by 10.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 60,165 shares of the insurance provider’s stock valued at $3,393,000 after buying an additional 5,813 shares during the period. M&T Bank Corp boosted its stake in shares of Validus Holdings by 1.2% during the 1st quarter. M&T Bank Corp now owns 10,708 shares of the insurance provider’s stock valued at $603,000 after buying an additional 130 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Validus Holdings by 5.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,295,909 shares of the insurance provider’s stock valued at $129,468,000 after buying an additional 112,356 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Validus Holdings by 47.6% during the 1st quarter. Prudential Financial Inc. now owns 120,382 shares of the insurance provider’s stock valued at $6,788,000 after buying an additional 38,844 shares during the period. Hedge funds and other institutional investors own 93.51% of the company’s stock.

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Validus Holdings, Ltd. (NYSE:VR) opened at 45.73 on Wednesday. The company has a market cap of $3.63 billion, a P/E ratio of 12.61 and a beta of 0.65. The company has a 50-day moving average of $50.52 and a 200 day moving average of $53.22. Validus Holdings, Ltd. has a one year low of $41.15 and a one year high of $58.76.

Validus Holdings (NYSE:VR) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $675.27 million during the quarter, compared to analysts’ expectations of $922.84 million. Validus Holdings had a net margin of 11.81% and a return on equity of 7.75%. During the same quarter last year, the company posted $0.66 earnings per share. Equities research analysts predict that Validus Holdings, Ltd. will post $3.54 EPS for the current year.

The company 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. This represents a $1.52 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, September 14th. Validus Holdings’s dividend payout ratio is currently 41.87%.

A number of brokerages have issued reports on VR. BidaskClub lowered shares of Validus Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. ValuEngine raised shares of Validus Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Zacks Investment Research raised shares of Validus Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Keefe, Bruyette & Woods set a $55.00 target price on shares of Validus Holdings and gave the company a “hold” rating in a research note on Thursday, August 17th. Finally, UBS AG decreased their target price on shares of Validus Holdings from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average 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.

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

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