Validus Holdings Ltd. (NYSE:VR) Receives $52.00 Average Price Target from Brokerages
Validus Holdings Ltd. (NYSE:VR) has received an average rating of “Buy” from the five ratings firms that are covering the firm. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $52.00.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Validus Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. JPMorgan Chase & Co. assumed coverage on shares of Validus Holdings in a research report on Tuesday, June 28th. They set an “overweight” rating and a $55.00 price objective for the company.
In related news, Director Jeffrey W. Greenberg sold 54,872 shares of Validus Holdings stock in a transaction on Friday, September 16th. The shares were sold at an average price of $49.47, for a total value of $2,714,517.84. Following the completion of the sale, the director now owns 3,027 shares of the company’s stock, valued at approximately $149,745.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael E.A. Carpenter sold 9,300 shares of Validus Holdings stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $49.60, for a total transaction of $461,280.00. Following the completion of the sale, the director now directly owns 281,733 shares of the company’s stock, valued at approximately $13,973,956.80. The disclosure for this sale can be found here. 4.19% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. M&R Capital Management Inc. acquired a new stake in Validus Holdings during the second quarter valued at about $104,000. Huntington Asset Advisors Inc. bought a new position in shares of Validus Holdings during the first quarter valued at $162,000. IFP Advisors Inc boosted its position in shares of Validus Holdings by 1,717.3% in the first quarter. IFP Advisors Inc now owns 3,889 shares of the company’s stock valued at $184,000 after buying an additional 3,675 shares during the period. Trexquant Investment LP bought a new position in shares of Validus Holdings during the second quarter valued at $200,000. Finally, Pacad Investment Ltd. bought a new position in shares of Validus Holdings during the first quarter valued at $227,000. 93.59% of the stock is owned by institutional investors and hedge funds.
Shares of Validus Holdings (NYSE:VR) opened at 49.82 on Wednesday. The stock has a 50 day moving average price of $50.19 and a 200-day moving average price of $48.14. Validus Holdings has a 52 week low of $41.73 and a 52 week high of $51.43. The company has a market capitalization of $4.00 billion, a PE ratio of 10.61 and a beta of 0.57.
Validus Holdings (NYSE:VR) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.09. Validus Holdings had a return on equity of 8.93% and a net margin of 16.72%. The firm had revenue of $574.47 million for the quarter, compared to the consensus estimate of $576.08 million. During the same quarter in the previous year, the business posted $1.16 EPS. Equities research analysts expect that Validus Holdings will post $4.03 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Tuesday, September 13th. Validus Holdings’s payout ratio is currently 29.72%.
Validus Holdings Company Profile
Validus Holdings, Ltd. is a holding company. The Company conducts its operations through four operating segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. AlphaCat is an investment advisor managing capital from third parties and the Company in insurance linked securities and other investments in the property catastrophe reinsurance space.
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