Capital Fund Management S.A. boosted its stake in Validus Holdings Ltd. (NYSE:VR) by 128.5% during the second quarter, Holdings Channel reports. The fund owned 111,369 shares of the company’s stock after buying an additional 62,621 shares during the period. Capital Fund Management S.A.’s holdings in Validus Holdings were worth $5,411,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Huntington Asset Advisors Inc. purchased a new stake in shares of Validus Holdings during the first quarter valued at approximately $162,000. IFP Advisors Inc raised its stake in Validus Holdings by 1,717.3% in the first quarter. IFP Advisors Inc now owns 3,889 shares of the company’s stock valued at $184,000 after buying an additional 3,675 shares in the last quarter. Parametrica Management Ltd bought a new stake in Validus Holdings during the second quarter valued at about $228,000. Pacad Investment Ltd. bought a new stake in Validus Holdings during the first quarter valued at about $227,000. Finally, Regentatlantic Capital LLC raised its stake in Validus Holdings by 17.7% in the second quarter. Regentatlantic Capital LLC now owns 5,064 shares of the company’s stock valued at $246,000 after buying an additional 760 shares in the last quarter. 93.59% of the stock is owned by institutional investors.
Shares of Validus Holdings Ltd. (NYSE:VR) traded down 0.28% during midday trading on Friday, reaching $49.82. The company’s stock had a trading volume of 455,053 shares. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 10.61 and a beta of 0.57. The stock’s 50 day moving average price is $50.19 and its 200 day moving average price is $48.14. Validus Holdings Ltd. has a one year low of $41.73 and a one year high of $51.43.
Validus Holdings (NYSE:VR) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $0.09. Validus Holdings had a return on equity of 8.93% and a net margin of 16.72%. The firm earned $574.47 million during the quarter, compared to analyst estimates of $576.08 million. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Analysts predict that Validus Holdings Ltd. will post $4.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Tuesday, September 13th. Validus Holdings’s payout ratio is 29.72%.
Several analysts have issued reports on the company. Zacks Investment Research raised Validus Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. JPMorgan Chase & Co. started coverage on Validus Holdings in a report on Tuesday, June 28th. They set an “overweight” rating and a $55.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Validus Holdings currently has an average rating of “Buy” and a consensus target price of $52.25.
In related news, Director Michael E.A. Carpenter sold 9,300 shares of Validus Holdings stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $49.60, for a total value of $461,280.00. Following the sale, the director now directly owns 281,733 shares in the company, valued at approximately $13,973,956.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey W. Greenberg sold 54,872 shares of Validus Holdings stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $49.47, for a total value of $2,714,517.84. Following the completion of the sale, the director now owns 3,027 shares in the company, valued at $149,745.69. The disclosure for this sale can be found here. 4.19% of the stock is owned by corporate insiders.
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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