Federated Investors Inc. PA Raises Stake in Validus Holdings, Ltd. (VR)
Federated Investors Inc. PA boosted its position in Validus Holdings, Ltd. (NYSE:VR) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,103 shares of the insurance provider’s stock after buying an additional 6,081 shares during the period. Federated Investors Inc. PA owned 0.23% of Validus Holdings worth $9,672,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of VR. IFP Advisors Inc increased its stake in 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 in the last quarter. SG Americas Securities LLC purchased a new stake in Validus Holdings during the second quarter worth $116,000. BNP Paribas Arbitrage SA increased its stake in Validus Holdings by 93.7% in the second quarter. BNP Paribas Arbitrage SA now owns 2,650 shares of the insurance provider’s stock worth $138,000 after buying an additional 1,282 shares in the last quarter. Ropes Wealth Advisors LLC increased its stake in 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 in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in Validus Holdings during the second quarter worth $222,000. 94.80% of the stock is owned by institutional investors.
Validus Holdings, Ltd. (NYSE VR) opened at 50.64 on Tuesday. The company has a 50 day moving average price of $52.79 and a 200-day moving average price of $54.45. Validus Holdings, Ltd. has a 12 month low of $48.77 and a 12 month high of $58.76. The company has a market cap of $4.02 billion, a PE ratio of 13.97 and a beta of 0.64.
Validus Holdings (NYSE:VR) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $675.27 million for the quarter, compared to the consensus estimate of $922.84 million. During the same period in the previous year, the business earned $0.66 earnings per share. Equities analysts predict that Validus Holdings, Ltd. will post $3.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.38 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 3.00%. Validus Holdings’s payout ratio is 41.87%.
A number of equities research analysts have recently weighed in on VR shares. ValuEngine raised Validus Holdings from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Zacks Investment Research raised Validus Holdings from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Friday, June 30th. Keefe, Bruyette & Woods set a $55.00 target price on Validus Holdings and gave the stock a “hold” rating in a report on Thursday, August 17th. Finally, BidaskClub raised Validus Holdings from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $57.00.
In other news, Director Matthew J. Grayson sold 10,000 shares of the business’s stock in a transaction dated 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 directly 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 is available through this hyperlink. Also, insider Patrick Boisvert sold 1,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were 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 $305,127.60. The disclosure for this sale can be found here. Insiders sold 51,000 shares of company stock worth $2,691,800 over the last 90 days. Company insiders own 2.33% of the company’s stock.
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.
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