Breton Hill Capital Ltd. reduced its position in Validus Holdings, Ltd. (NYSE:VR) by 72.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,391 shares of the insurance provider’s stock after selling 13,896 shares during the quarter. Breton Hill Capital Ltd.’s holdings in Validus Holdings were worth $265,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in VR. BlackRock Inc. increased its holdings in Validus Holdings by 2,898.5% in the first quarter. BlackRock Inc. now owns 3,235,863 shares of the insurance provider’s stock valued at $182,471,000 after buying an additional 3,127,947 shares during the last quarter. State Street Corp boosted its stake in Validus Holdings by 2.2% in the first quarter. State Street Corp now owns 1,522,654 shares of the insurance provider’s stock valued at $85,859,000 after acquiring an additional 33,017 shares during the period. Fox Run Management L.L.C. boosted its stake in Validus Holdings by 81.6% in the second quarter. Fox Run Management L.L.C. now owns 8,900 shares of the insurance provider’s stock valued at $463,000 after acquiring an additional 4,000 shares during the period. Bank of Montreal Can boosted its stake in Validus Holdings by 1.3% in the second quarter. Bank of Montreal Can now owns 106,083 shares of the insurance provider’s stock valued at $5,513,000 after acquiring an additional 1,380 shares during the period. Finally, NN Investment Partners Holdings N.V. boosted its stake in Validus Holdings by 65.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 25,424 shares of the insurance provider’s stock valued at $1,321,000 after acquiring an additional 10,024 shares during the period. 92.74% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Lixin Zeng sold 26,136 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $52.10, for a total transaction of $1,361,685.60. Following the completion of the transaction, the chief executive officer now directly owns 57,855 shares in the company, valued at $3,014,245.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.33% of the company’s stock.
VR has been the subject of a number of research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 target price on shares of Validus Holdings in a research note on Thursday, October 12th. BidaskClub upgraded Validus Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. UBS AG lifted their target price on Validus Holdings from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Bank of America Corporation upgraded Validus Holdings from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th. Finally, ValuEngine downgraded Validus Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $54.83.
Shares of Validus Holdings, Ltd. (NYSE:VR) traded down $0.04 during midday trading on Friday, hitting $52.42. The stock had a trading volume of 634,200 shares, compared to its average volume of 948,659. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.95. Validus Holdings, Ltd. has a fifty-two week low of $41.15 and a fifty-two week high of $58.76.
Validus Holdings (NYSE:VR) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.30) by $0.08. The business had revenue of $407.00 million during the quarter, compared to the consensus estimate of $453.04 million. Validus Holdings had a negative return on equity of 0.49% and a negative net margin of 1.38%. The business’s revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.02 earnings per share. analysts predict that Validus Holdings, Ltd. will post -0.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.90%. Validus Holdings’s dividend payout ratio is presently -233.84%.
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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