Shares of Validus Holdings, Ltd. (NYSE:VR) have earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $54.17.
A number of equities research analysts have recently weighed in on VR shares. ValuEngine upgraded Validus Holdings from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Barclays PLC decreased their target price on Validus Holdings from $57.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, October 16th. TheStreet downgraded Validus Holdings from a “b” rating to a “c+” rating in a report on Wednesday, October 11th. Zacks Investment Research downgraded Validus Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 target price on shares of Validus Holdings in a report on Thursday, October 12th.
Shares of Validus Holdings (NYSE:VR) traded down 1.15% during trading on Wednesday, reaching $50.87. 481,134 shares of the company were exchanged. The firm’s 50 day moving average is $48.61 and its 200 day moving average is $51.92. The firm has a market capitalization of $4.04 billion, a P/E ratio of 14.03 and a beta of 0.65. Validus Holdings has a 1-year low of $41.15 and a 1-year high of $58.76.
Validus Holdings (NYSE:VR) last posted its earnings results on Thursday, July 27th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.10. Validus Holdings had a return on equity of 7.75% and a net margin of 11.81%. The company had revenue of $675.27 million for the quarter, compared to analyst estimates of $922.84 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, equities analysts anticipate that Validus Holdings will post ($0.19) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, September 14th. Validus Holdings’s dividend payout ratio (DPR) is presently 41.87%.
Several institutional investors have recently bought and sold shares of the company. First Quadrant L P CA increased its position in shares of Validus Holdings by 54.3% in the third quarter. First Quadrant L P CA now owns 142,892 shares of the insurance provider’s stock valued at $7,032,000 after buying an additional 50,315 shares in the last quarter. First Trust Advisors LP increased its position in shares of Validus Holdings by 6.0% in the third quarter. First Trust Advisors LP now owns 671,053 shares of the insurance provider’s stock valued at $33,023,000 after buying an additional 38,217 shares in the last quarter. APG Asset Management N.V. purchased a new stake in shares of Validus Holdings in the third quarter valued at approximately $1,339,000. State Treasurer State of Michigan increased its position in shares of Validus Holdings by 11.4% in 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 buying an additional 390,000 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Validus Holdings by 1.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,684,703 shares of the insurance provider’s stock valued at $82,906,000 after buying an additional 17,501 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.
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.