Neuberger Berman Group LLC Buys 1,626 Shares of Validus Holdings, Ltd. (VR)
Neuberger Berman Group LLC boosted its stake in shares of Validus Holdings, Ltd. (NYSE:VR) by 26.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,731 shares of the insurance provider’s stock after purchasing an additional 1,626 shares during the period. Neuberger Berman Group LLC’s holdings in Validus Holdings were worth $402,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc boosted its position in Validus Holdings by 14.0% during the second quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock valued at $112,000 after purchasing an additional 265 shares during the last quarter. SG Americas Securities LLC acquired a new position in Validus Holdings during the second quarter valued at approximately $116,000. BNP Paribas Arbitrage SA boosted its position in Validus Holdings by 93.7% during the second quarter. BNP Paribas Arbitrage SA now owns 2,650 shares of the insurance provider’s stock valued at $138,000 after purchasing an additional 1,282 shares during the last quarter. Summit Securities Group LLC acquired a new position in Validus Holdings during the second quarter valued at approximately $222,000. Finally, Parallel Advisors LLC boosted its position in Validus Holdings by 19.8% during the first quarter. Parallel Advisors LLC now owns 4,425 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 731 shares during the last quarter. 93.51% of the stock is owned by hedge funds and other institutional investors.
Validus Holdings, Ltd. (VR) opened at 47.64 on Friday. The firm has a market capitalization of $3.79 billion, a PE ratio of 13.14 and a beta of 0.65. The company’s 50-day moving average price is $50.52 and its 200 day moving average price is $53.22. Validus Holdings, Ltd. has a 12 month low of $41.15 and a 12 month high of $58.76.
Validus Holdings (NYSE:VR) last issued 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 firm had revenue of $675.27 million during the quarter, compared to analyst estimates 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, equities research analysts predict that Validus Holdings, Ltd. will post $3.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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 yield of 3.19%. The ex-dividend date of this dividend is Thursday, September 14th. Validus Holdings’s dividend payout ratio is currently 41.87%.
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Several research analysts recently commented on the company. UBS AG reduced their price target on Validus Holdings from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, September 19th. BidaskClub cut Validus Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Keefe, Bruyette & Woods set a $55.00 price target on Validus Holdings and gave the company a “hold” rating in a research report on Thursday, August 17th. ValuEngine raised Validus Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Finally, Zacks Investment Research cut Validus Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Validus Holdings currently has an average rating of “Hold” and a consensus price target 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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