Virginia Retirement Systems ET AL maintained its stake in shares of Validus Holdings, Ltd. (NYSE:VR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,800 shares of the insurance provider’s stock at the end of the second quarter. Virginia Retirement Systems ET AL owned about 0.14% of Validus Holdings worth $5,862,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Federated Investors Inc. PA raised its stake in shares of Validus Holdings by 3.4% in the second quarter. Federated Investors Inc. PA now owns 186,103 shares of the insurance provider’s stock valued at $9,672,000 after buying an additional 6,081 shares during the last quarter. Cadence Capital Management LLC raised its stake in shares of Validus Holdings by 2.9% in the second quarter. Cadence Capital Management LLC now owns 11,840 shares of the insurance provider’s stock valued at $615,000 after buying an additional 331 shares during the last quarter. Boston Private Wealth LLC raised its stake in shares of Validus Holdings by 4.7% in the second quarter. Boston Private Wealth LLC now owns 36,838 shares of the insurance provider’s stock valued at $1,914,000 after buying an additional 1,650 shares during the last quarter. Pax World Management LLC raised its stake in shares of Validus Holdings by 28.8% in the second quarter. Pax World Management LLC now owns 254,652 shares of the insurance provider’s stock valued at $13,234,000 after buying an additional 56,914 shares during the last quarter. Finally, Cornerstone Capital Inc. raised its stake in shares of Validus Holdings by 2.0% in the second quarter. Cornerstone Capital Inc. now owns 301,185 shares of the insurance provider’s stock valued at $15,653,000 after buying an additional 5,835 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

Shares of Validus Holdings, Ltd. (NYSE:VR) opened at 51.77 on Friday. The firm has a market cap of $4.11 billion, a PE ratio of 14.28 and a beta of 0.64. Validus Holdings, Ltd. has a 52 week low of $48.77 and a 52 week high of $58.76. The firm’s 50-day moving average is $52.79 and its 200 day moving average is $54.45.

Validus Holdings (NYSE:VR) last announced its earnings results on Thursday, July 27th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The company had revenue of $675.27 million for the quarter, compared to analyst estimates of $922.84 million. Validus Holdings had a return on equity of 7.75% and a net margin of 11.81%. During the same period in the previous year, the firm earned $0.66 earnings per share. Equities research analysts forecast that Validus Holdings, Ltd. will post $3.74 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Thursday, September 14th. Validus Holdings’s dividend payout ratio (DPR) is presently 41.87%.

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Several brokerages recently commented on VR. Keefe, Bruyette & Woods set a $55.00 price target on shares of Validus Holdings and gave the stock a “hold” rating in a report on Thursday, August 17th. BidaskClub lowered shares of Validus Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research lowered shares of Validus Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, ValuEngine raised shares of Validus Holdings from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. 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 presently has a consensus rating of “Hold” and a consensus price target of $57.00.

In other news, insider Patrick Boisvert sold 1,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $53.40, for a total transaction of $53,400.00. Following the sale, the insider now directly owns 5,714 shares of the company’s stock, valued at $305,127.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew J. Grayson sold 30,000 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $52.67, for a total value of $1,580,100.00. Following the sale, the director now directly owns 61,393 shares in the company, valued at $3,233,569.31. The disclosure for this sale can be found here. Insiders have sold 51,000 shares of company stock worth $2,691,800 over the last ninety days. 2.33% of the stock is owned by insiders.

About Validus Holdings

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.

Institutional Ownership by Quarter for Validus Holdings (NYSE:VR)

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