Validus Holdings, Ltd. (VR) Position Boosted by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. boosted its position in shares of Validus Holdings, Ltd. (NYSE:VR) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,900 shares of the insurance provider’s stock after buying an additional 2,000 shares during the period. Pictet Asset Management Ltd. owned 0.07% of Validus Holdings worth $2,825,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its position in shares of Validus Holdings by 14.0% in the second quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock worth $112,000 after buying an additional 265 shares during the period. Ropes Wealth Advisors LLC raised its position in shares of Validus Holdings by 408.8% in the first quarter. Ropes Wealth Advisors LLC now owns 3,602 shares of the insurance provider’s stock worth $203,000 after buying an additional 2,894 shares during the period. Parallel Advisors LLC raised its position in shares of Validus Holdings by 19.8% in the first quarter. Parallel Advisors LLC now owns 4,425 shares of the insurance provider’s stock worth $244,000 after buying an additional 731 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Validus Holdings during the second quarter worth about $296,000. Finally, US Bancorp DE raised its position in shares of Validus Holdings by 12.7% in the second quarter. US Bancorp DE now owns 7,939 shares of the insurance provider’s stock worth $413,000 after buying an additional 896 shares during the period. 97.84% of the stock is currently owned by institutional investors.
Shares of Validus Holdings, Ltd. (VR) opened at 52.46 on Monday. The firm has a market cap of $4.17 billion, a P/E ratio of 14.47 and a beta of 0.64. Validus Holdings, Ltd. has a 1-year low of $48.77 and a 1-year high of $58.76. The firm’s 50-day moving average is $52.82 and its 200-day moving average is $54.64.
Validus Holdings (NYSE:VR) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.10. The firm had revenue of $675.27 million for the quarter, compared to analysts’ expectations of $922.84 million. Validus Holdings had a return on equity of 7.75% and a net margin of 11.81%. During the same quarter last year, the business earned $0.66 EPS. On average, analysts anticipate that Validus Holdings, Ltd. will post $3.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, September 14th. Validus Holdings’s payout ratio is 41.87%.
A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods set a $55.00 target price on shares of Validus Holdings and gave the stock a “hold” rating in a research report on Thursday. BidaskClub lowered shares of Validus Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research lowered shares of Validus Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. ValuEngine raised shares of Validus Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Finally, Deutsche Bank AG boosted their target price on shares of Validus Holdings from $56.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $57.00.
In related news, Director Matthew J. Grayson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $52.74, for a total value of $527,400.00. Following the transaction, the director now owns 91,393 shares in the company, valued at $4,820,066.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick Boisvert sold 1,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $53.40, for a total value of $53,400.00. Following the completion of the transaction, the insider now owns 5,714 shares in the company, valued at approximately $305,127.60. The disclosure for this sale can be found here. Insiders have sold a total of 56,000 shares of company stock worth $2,959,300 in the last quarter. Company insiders own 2.33% 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.
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