Robeco Institutional Asset Management B.V. Increases Position in Validus Holdings Ltd. (VR)
Robeco Institutional Asset Management B.V. boosted its position in shares of Validus Holdings Ltd. (NYSE:VR) by 6.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,521,517 shares of the company’s stock after buying an additional 92,831 shares during the period. Robeco Institutional Asset Management B.V. owned about 1.87% of Validus Holdings worth $73,925,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Norges Bank bought a new position in Validus Holdings during the fourth quarter worth about $39,292,000. TIAA CREF Investment Management LLC raised its position in Validus Holdings by 38.7% in the first quarter. TIAA CREF Investment Management LLC now owns 1,101,213 shares of the company’s stock worth $51,966,000 after buying an additional 306,993 shares during the last quarter. Renaissance Technologies LLC raised its position in Validus Holdings by 3,577.0% in the first quarter. Renaissance Technologies LLC now owns 261,069 shares of the company’s stock worth $12,320,000 after buying an additional 253,969 shares during the last quarter. Bessemer Group Inc. raised its position in Validus Holdings by 398.6% in the first quarter. Bessemer Group Inc. now owns 298,018 shares of the company’s stock worth $14,064,000 after buying an additional 238,250 shares during the last quarter. Finally, First Quadrant L P CA raised its position in Validus Holdings by 313.3% in the second quarter. First Quadrant L P CA now owns 173,604 shares of the company’s stock worth $8,435,000 after buying an additional 131,604 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.
Validus Holdings Ltd. (NYSE:VR) traded down 0.28% on Friday, hitting $49.82. The stock had a trading volume of 455,053 shares. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 10.61 and a beta of 0.57. Validus Holdings Ltd. has a 12-month low of $41.73 and a 12-month high of $51.43. The company’s 50 day moving average price is $50.19 and its 200-day moving average price is $48.14.
Validus Holdings (NYSE:VR) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by $0.09. Validus Holdings had a net margin of 16.72% and a return on equity of 8.93%. The business had revenue of $574.47 million for the quarter, compared to analyst estimates of $576.08 million. During the same quarter last year, the business earned $1.16 EPS. Equities research analysts anticipate that Validus Holdings Ltd. will post $4.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.81%. Validus Holdings’s dividend payout ratio (DPR) is presently 29.72%.
A number of research analysts have recently issued reports on VR shares. JPMorgan Chase & Co. started coverage on Validus Holdings in a report on Tuesday, June 28th. They issued an “overweight” rating and a $55.00 target price on the stock. Zacks Investment Research raised Validus Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Validus Holdings presently has an average rating of “Buy” and a consensus price target of $52.25.
In other Validus Holdings news, Director Michael E.A. Carpenter sold 9,300 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was 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 owns 281,733 shares in the company, valued at approximately $13,973,956.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey W. Greenberg sold 54,872 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 3,027 shares of the company’s stock, valued at approximately $149,745.69. The disclosure for this sale can be found here. Company insiders own 4.19% of the company’s stock.
About Validus Holdings
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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