First Mercantile Trust Co. Sells 220 Shares of Validus Holdings, Ltd. (VR)

First Mercantile Trust Co. lowered its stake in Validus Holdings, Ltd. (NYSE:VR) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,890 shares of the insurance provider’s stock after selling 220 shares during the period. First Mercantile Trust Co.’s holdings in Validus Holdings were worth $276,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Validus Holdings by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,153,176 shares of the insurance provider’s stock worth $118,446,000 after buying an additional 35,301 shares in the last quarter. FMR LLC boosted its stake in Validus Holdings by 1.7% in the fourth quarter. FMR LLC now owns 2,123,992 shares of the insurance provider’s stock worth $116,841,000 after buying an additional 36,213 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Validus Holdings by 2.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,018,515 shares of the insurance provider’s stock worth $100,562,000 after buying an additional 44,095 shares during the last quarter. Wells Fargo & Company MN boosted its stake in 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 worth $99,486,000 after buying an additional 252,440 shares during the last quarter. Finally, State Street Corp boosted its stake in Validus Holdings by 8.2% in the fourth quarter. State Street Corp now owns 1,489,637 shares of the insurance provider’s stock worth $81,949,000 after buying an additional 112,262 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Institutional Ownership by Quarter for Validus Holdings (NYSE:VR)

Validus Holdings, Ltd. (NYSE:VR) traded up 0.507% during midday trading on Friday, reaching $52.505. The company’s stock had a trading volume of 116,916 shares. The firm has a market capitalization of $4.16 billion, a P/E ratio of 14.916 and a beta of 0.57. The company’s 50-day moving average is $55.15 and its 200 day moving average is $55.57. Validus Holdings, Ltd. has a 52 week low of $45.34 and a 52 week high of $58.76.

Validus Holdings (NYSE:VR) last posted its earnings results on Wednesday, April 26th. The insurance provider reported $0.95 EPS for the quarter, missing the consensus estimate of $1.17 by $0.22. The firm had revenue of $990.80 million during the quarter, compared to the consensus estimate of $1.03 billion. 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 down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $1.39 EPS. Analysts expect that Validus Holdings, Ltd. will post $3.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Tuesday, June 13th. Validus Holdings’s dividend payout ratio is currently 32.33%.

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A number of analysts have commented on VR shares. Zacks Investment Research cut Validus Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $55.00 price target on shares of Validus Holdings in a research report on Thursday, April 27th. Deutsche Bank AG boosted their price objective on Validus Holdings from $56.00 to $59.00 and gave the company a “hold” rating in a report on Friday, April 28th. JMP Securities boosted their price objective on Validus Holdings from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, January 23rd. Finally, Barclays PLC reissued a “hold” rating and issued a $57.00 price objective on shares of Validus Holdings in a report on Sunday, February 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $58.33.

In other news, EVP Andrew E. Kudera sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $52.90, for a total value of $529,000.00. Following the completion of the sale, the executive vice president now directly owns 32,841 shares of the company’s stock, valued at approximately $1,737,288.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kean Driscoll sold 4,151 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $56.85, for a total transaction of $235,984.35. Following the completion of the sale, the chief executive officer now directly owns 113,143 shares of the company’s stock, valued at $6,432,179.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,590 shares of company stock valued at $1,498,153. Company insiders own 4.19% of the company’s stock.

About Validus Holdings

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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