Shares of Validus Holdings, Ltd. (NYSE:VR) have been given an average rating of “Hold” by the five analysts that are currently covering the stock. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $57.67.
VR has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Validus Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Deutsche Bank AG cut shares of Validus Holdings from a “buy” rating to a “hold” rating and increased their target price for the stock from $55.00 to $56.00 in a research note on Monday, February 6th. They noted that the move was a valuation call. Finally, JMP Securities increased their target price on shares of Validus Holdings from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, January 23rd.
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Shares of Validus Holdings (NYSE:VR) opened at 57.15 on Monday. The company has a market cap of $4.52 billion, a PE ratio of 13.11 and a beta of 0.57. Validus Holdings has a 52 week low of $44.23 and a 52 week high of $58.76. The company has a 50 day moving average of $56.58 and a 200 day moving average of $52.71.
Validus Holdings (NYSE:VR) last posted its earnings results on Thursday, February 2nd. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.06. Validus Holdings had a net margin of 14.97% and a return on equity of 8.09%. The business had revenue of $298.82 million for the quarter, compared to analysts’ expectations of $301.35 million. During the same period in the prior year, the company posted $1.24 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts expect that Validus Holdings will post $4.15 EPS for the current year.
In related news, CEO Kean Driscoll sold 4,151 shares of Validus Holdings stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $53.21, for a total value of $220,874.71. Following the transaction, the chief executive officer now owns 129,747 shares in the company, valued at approximately $6,903,837.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Edward J. Noonan sold 273,000 shares of Validus Holdings stock in a transaction on Monday, December 12th. The stock was sold at an average price of $55.40, for a total transaction of $15,124,200.00. Following the completion of the transaction, the chairman now owns 1,428,412 shares in the company, valued at approximately $79,134,024.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 324,255 shares of company stock worth $17,952,119. Corporate insiders own 4.19% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Validus Holdings by 24.5% in the second quarter. IFP Advisors Inc now owns 4,842 shares of the company’s stock worth $235,000 after buying an additional 953 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Validus Holdings by 16.5% in the second quarter. Sterling Capital Management LLC now owns 14,121 shares of the company’s stock worth $686,000 after buying an additional 2,000 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Validus Holdings by 40.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 402,441 shares of the company’s stock worth $19,555,000 after buying an additional 115,731 shares during the last quarter. GLG LLC acquired a new position in shares of Validus Holdings during the second quarter worth approximately $486,000. Finally, Numeric Investors LLC boosted its position in shares of Validus Holdings by 18.9% in the second quarter. Numeric Investors LLC now owns 1,140,640 shares of the company’s stock worth $55,424,000 after buying an additional 180,940 shares during the last quarter. Institutional investors own 89.40% of the company’s stock.
Validus Holdings Company Profile
Validus Holdings, Ltd. is a holding company. The Company conducts its operations through four operating segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. AlphaCat is an investment advisor managing capital from third parties and the Company in insurance linked securities and other investments in the property catastrophe reinsurance space.
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