Bank of New York Mellon Corp lifted its stake in Validus Holdings, Ltd. (NYSE:VR) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 307,542 shares of the insurance provider’s stock after buying an additional 5,878 shares during the quarter. Bank of New York Mellon Corp owned about 0.39% of Validus Holdings worth $15,982,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of VR. IFP Advisors Inc raised its stake in shares of Validus Holdings by 14.0% in the second quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock worth $112,000 after buying an additional 265 shares during the period. SG Americas Securities LLC bought a new position in shares of Validus Holdings in the second quarter worth about $116,000. Summit Securities Group LLC bought a new position in shares of Validus Holdings in the second quarter worth about $222,000. Parallel Advisors LLC raised its stake in shares of Validus Holdings by 19.8% in the first quarter. Parallel Advisors LLC now owns 4,425 shares of the insurance provider’s stock worth $244,000 after buying an additional 731 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Validus Holdings in the second quarter worth about $296,000. 93.51% of the stock is currently owned by hedge funds and other institutional investors.
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Several research firms have recently commented on VR. UBS AG decreased their price objective on Validus Holdings from $57.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday. BidaskClub raised Validus Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research raised Validus Holdings from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Friday, June 30th. Buckingham Research began coverage on Validus Holdings in a research note on Monday, September 11th. They issued a “buy” rating and a $52.00 price objective on the stock. Finally, ValuEngine raised Validus Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $56.29.
Shares of Validus Holdings, Ltd. (NYSE VR) opened at 45.73 on Wednesday. The company’s 50 day moving average price is $50.52 and its 200 day moving average price is $53.22. The stock has a market cap of $3.63 billion, a PE ratio of 12.61 and a beta of 0.65. Validus Holdings, Ltd. has a 52-week low of $41.15 and a 52-week high of $58.76.
Validus Holdings (NYSE:VR) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The company had revenue of $675.27 million during the quarter, compared to analysts’ expectations of $922.84 million. Validus Holdings had a return on equity of 7.75% and a net margin of 11.81%. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, analysts anticipate that Validus Holdings, Ltd. will post $3.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.32%. Validus Holdings’s payout ratio is 41.87%.
Validus Holdings 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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