Schwab Charles Investment Management Inc. lifted its stake in shares of Validus Holdings, Ltd. (NYSE:VR) by 7.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 412,351 shares of the insurance provider’s stock after purchasing an additional 28,787 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Validus were worth $19,348,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of VR. Zions Bancorporation acquired a new position in Validus during the third quarter valued at $116,000. The Manufacturers Life Insurance Company raised its position in Validus by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock valued at $124,000 after buying an additional 219 shares during the period. Advisors Asset Management Inc. raised its position in Validus by 4,598.8% during the third quarter. Advisors Asset Management Inc. now owns 3,947 shares of the insurance provider’s stock valued at $194,000 after buying an additional 3,863 shares during the period. Engineers Gate Manager LP acquired a new position in Validus during the third quarter valued at $234,000. Finally, Cadence Capital Management LLC raised its position in Validus by 41.5% during the third quarter. Cadence Capital Management LLC now owns 16,757 shares of the insurance provider’s stock valued at $825,000 after buying an additional 4,917 shares during the period. 95.01% of the stock is currently owned by hedge funds and other institutional investors.
VR has been the topic of a number of recent research reports. Bank of America upgraded Validus from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th. UBS Group boosted their target price on Validus from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Keefe, Bruyette & Woods upgraded Validus from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 4th. Zacks Investment Research restated a “strong sell” rating on shares of Validus in a research note on Saturday, January 6th. Finally, Barclays restated a “hold” rating and issued a $50.00 target price on shares of Validus in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $52.80.
Validus Holdings, Ltd. (NYSE:VR) opened at $67.51 on Wednesday. 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 52 week low of $41.15 and a 52 week high of $67.73. The company has a market capitalization of $5,530.81, a PE ratio of -78.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05.
Validus (NYSE:VR) last issued its earnings results on Thursday, February 1st. The insurance provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($1.00). The firm had revenue of $346.88 million during the quarter, compared to analysts’ expectations of $352.00 million. Validus had a negative net margin of 4.60% and a negative return on equity of 0.99%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 EPS. equities research analysts forecast that Validus Holdings, Ltd. will post 4.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.25%. Validus’s dividend payout ratio (DPR) is presently -176.74%.
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Validus 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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