Keybank National Association OH boosted its holdings in shares of Validus Holdings, Ltd. (NYSE:VR) by 46.3% during the fourth quarter, HoldingsChannel reports. The firm owned 36,645 shares of the insurance provider’s stock after acquiring an additional 11,595 shares during the period. Keybank National Association OH’s holdings in Validus were worth $1,719,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. Boston Partners raised its stake in Validus by 1,009.9% during the fourth quarter. Boston Partners now owns 4,279,398 shares of the insurance provider’s stock valued at $200,789,000 after purchasing an additional 3,893,816 shares in the last quarter. State Treasurer State of Michigan raised its stake in Validus by 11.4% during the third quarter. State Treasurer State of Michigan now owns 3,798,643 shares of the insurance provider’s stock valued at $186,931,000 after purchasing an additional 390,000 shares in the last quarter. Wells Fargo & Company MN raised its stake in Validus by 3.2% during the third quarter. Wells Fargo & Company MN now owns 2,463,909 shares of the insurance provider’s stock valued at $121,248,000 after purchasing an additional 76,636 shares in the last quarter. Victory Capital Management Inc. raised its stake in Validus by 73.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,985,484 shares of the insurance provider’s stock valued at $93,159,000 after purchasing an additional 837,887 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Validus by 18.1% during the third quarter. Principal Financial Group Inc. now owns 1,955,360 shares of the insurance provider’s stock valued at $96,223,000 after purchasing an additional 299,383 shares in the last quarter. 95.01% of the stock is currently owned by institutional investors.
Shares of Validus Holdings, Ltd. (VR) opened at $67.60 on Tuesday. Validus Holdings, Ltd. has a 12 month low of $41.15 and a 12 month high of $67.73. The firm has a market cap of $5,370.00, a price-to-earnings ratio of -78.60, a PEG ratio of 1.82 and a beta of 1.05. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, March 14th. Validus’s dividend payout ratio is currently -176.74%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Validus from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Barclays reissued a “hold” rating and issued a $50.00 target price on shares of Validus in a research note on Tuesday, January 9th. JMP Securities downgraded shares of Validus from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods raised shares of Validus from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 4th. Finally, Bank of America raised shares of Validus from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.80.
In other news, President Kean Driscoll sold 6,875 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $46.16, for a total value of $317,350.00. Following the transaction, the president now directly owns 110,858 shares in the company, valued at $5,117,205.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 20,625 shares of company stock worth $1,102,544. Insiders own 2.33% of the company’s stock.
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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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