57,714 Shares in Validus Holdings, Ltd. (VR) Purchased by Monarch Partners Asset Management LLC
Monarch Partners Asset Management LLC acquired a new position in Validus Holdings, Ltd. (NYSE:VR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 57,714 shares of the insurance provider’s stock, valued at approximately $2,840,000. Monarch Partners Asset Management LLC owned about 0.07% of Validus Holdings as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VR. Federated Investors Inc. PA raised its stake in Validus Holdings by 3.4% during the 2nd quarter. Federated Investors Inc. PA now owns 186,103 shares of the insurance provider’s stock valued at $9,672,000 after buying an additional 6,081 shares during the last quarter. Principal Financial Group Inc. raised its stake in 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 valued at $86,061,000 after buying an additional 1,072,405 shares during the last quarter. Airain ltd purchased a new stake in Validus Holdings during the 2nd quarter valued at $1,437,000. Century Capital Management LLC purchased a new stake in shares of Validus Holdings in the 2nd quarter worth $3,043,000. Finally, BlackRock Inc. increased its stake in shares of Validus Holdings by 2,898.5% in the 1st quarter. BlackRock Inc. now owns 3,235,863 shares of the insurance provider’s stock worth $182,471,000 after purchasing an additional 3,127,947 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.
Validus Holdings, Ltd. (NYSE:VR) opened at $51.66 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52. Validus Holdings, Ltd. has a 1-year low of $41.15 and a 1-year high of $58.76.
Validus Holdings (NYSE:VR) last issued its earnings results on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share for the quarter, topping the consensus estimate of ($3.30) by $0.08. Validus Holdings had a negative net margin of 1.38% and a negative return on equity of 0.49%. The company had revenue of $407.00 million during the quarter, compared to the consensus estimate of $453.04 million. During the same quarter in the prior year, the firm posted $1.02 EPS. Validus Holdings’s quarterly revenue was up 24.3% compared to the same quarter last year. equities research analysts expect that Validus Holdings, Ltd. will post -0.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Thursday, December 14th. Validus Holdings’s dividend payout ratio (DPR) is presently -233.84%.
In other Validus Holdings news, CEO Lixin Zeng sold 26,136 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.10, for a total transaction of $1,361,685.60. Following the completion of the transaction, the chief executive officer now owns 57,855 shares of the company’s stock, valued at approximately $3,014,245.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.33% of the stock is owned by corporate insiders.
Several research firms have recently commented on VR. BidaskClub lowered Validus Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods set a $55.00 price objective on Validus Holdings and gave the stock a “hold” rating in a research note on Thursday, August 17th. ValuEngine upgraded Validus Holdings from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. UBS AG upped their price objective on Validus Holdings from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Bank of America Corporation upgraded Validus Holdings from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $54.83.
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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