Loeb Partners Corp boosted its position in Validus Holdings, Ltd. (NYSE:VR) by 1.1% during the first quarter, Holdings Channel reports. The firm owned 36,100 shares of the insurance provider’s stock after buying an additional 400 shares during the period. Loeb Partners Corp’s holdings in Validus Holdings were worth $2,035,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of VR. Acadian Asset Management LLC increased its position in shares of Validus Holdings by 61.4% in the third quarter. Acadian Asset Management LLC now owns 37,272 shares of the insurance provider’s stock valued at $1,857,000 after buying an additional 14,179 shares during the last quarter. Regentatlantic Capital LLC increased its position in shares of Validus Holdings by 10.6% in the third quarter. Regentatlantic Capital LLC now owns 5,599 shares of the insurance provider’s stock valued at $279,000 after buying an additional 535 shares during the last quarter. Boston Advisors LLC bought a new position in shares of Validus Holdings during the third quarter valued at $5,202,000. State of Alaska Department of Revenue increased its position in shares of Validus Holdings by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 9,092 shares of the insurance provider’s stock valued at $452,000 after buying an additional 525 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Validus Holdings by 14.5% in the third quarter. Wells Fargo & Company MN now owns 1,996,899 shares of the insurance provider’s stock valued at $99,486,000 after buying an additional 252,440 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.
Shares of Validus Holdings, Ltd. (NYSE:VR) traded down 0.32% on Friday, reaching $55.59. The company’s stock had a trading volume of 206,408 shares. The firm has a 50 day moving average price of $56.45 and a 200-day moving average price of $55.02. Validus Holdings, Ltd. has a 12-month low of $44.23 and a 12-month high of $58.76. The stock has a market cap of $4.40 billion, a PE ratio of 12.75 and a beta of 0.57.
Validus Holdings (NYSE:VR) last issued its quarterly earnings results on Thursday, February 2nd. The insurance provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. The company had revenue of $298.82 million for the quarter, compared to the consensus estimate of $301.35 million. Validus Holdings had a return on equity of 8.09% and a net margin of 14.97%. Validus Holdings’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 earnings per share. Equities research analysts expect that Validus Holdings, Ltd. will post $4.11 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were given a dividend of $0.38 per share. The ex-dividend date was Monday, March 13th. This represents a $1.52 dividend on an annualized basis and a yield of 2.73%. This is an increase from Validus Holdings’s previous quarterly dividend of $0.35. Validus Holdings’s dividend payout ratio is currently 32.33%.
Several equities research analysts recently commented on VR shares. Zacks Investment Research upgraded Validus Holdings from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Friday, January 6th. Barclays PLC reiterated a “hold” rating and issued a $57.00 price objective on shares of Validus Holdings in a report on Sunday, February 19th. Deutsche Bank AG downgraded Validus Holdings from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $55.00 to $56.00 in a report on Monday, February 6th. They noted that the move was a valuation call. Finally, JMP Securities lifted their price objective on Validus Holdings from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, January 23rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $58.40.
In other news, CEO Kean Driscoll sold 4,151 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $55.13, for a total value of $228,844.63. Following the transaction, the chief executive officer now owns 108,992 shares in the company, valued at $6,008,728.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey W. Greenberg sold 424,903 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $57.34, for a total value of $24,363,938.02. Following the completion of the transaction, the director now owns 3,027 shares in the company, valued at approximately $173,568.18. The disclosure for this sale can be found here. Insiders have sold 642,689 shares of company stock worth $36,852,223 in the last quarter. 4.19% of the stock is currently owned by company insiders.
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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