Cipher Capital LP increased its position in Validus Holdings, Ltd. (NYSE:VR) by 39.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,577 shares of the insurance provider’s stock after buying an additional 23,829 shares during the period. Cipher Capital LP owned about 0.11% of Validus Holdings worth $4,343,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Validus Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 600,865 shares of the insurance provider’s stock worth $33,882,000 after buying an additional 21,066 shares during the period. BlackRock Inc. raised its position in Validus Holdings by 2,898.5% in the first quarter. BlackRock Inc. now owns 3,235,863 shares of the insurance provider’s stock worth $182,471,000 after buying an additional 3,127,947 shares during the period. Martingale Asset Management L P raised its position in Validus Holdings by 9.8% in the first quarter. Martingale Asset Management L P now owns 455,096 shares of the insurance provider’s stock worth $25,664,000 after buying an additional 40,595 shares during the period. Airain ltd bought a new position in Validus Holdings during the second quarter worth $1,437,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Validus Holdings during the second quarter worth approximately $2,754,000. 94.80% of the stock is currently owned by institutional investors.

Shares of Validus Holdings, Ltd. (VR) opened at 49.89 on Friday. The stock has a market cap of $3.96 billion, a P/E ratio of 13.76 and a beta of 0.66. The firm has a 50-day moving average price of $52.52 and a 200-day moving average price of $54.20. Validus Holdings, Ltd. has a 52-week low of $48.77 and a 52-week high of $58.76.

Validus Holdings (NYSE:VR) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping the 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 analysts’ expectations of $922.84 million. During the same quarter last year, the firm earned $0.66 earnings per share. On average, analysts anticipate that Validus Holdings, Ltd. will post $3.56 EPS 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 issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 14th. Validus Holdings’s dividend payout ratio (DPR) is 41.87%.

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VR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Validus Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. BidaskClub upgraded Validus Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. ValuEngine upgraded Validus Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Finally, Keefe, Bruyette & Woods set a $55.00 target price on Validus Holdings and gave the company a “hold” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $57.00.

In other news, Director Matthew J. Grayson sold 10,000 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $53.09, for a total transaction of $530,900.00. Following the sale, the director now owns 51,393 shares in the company, valued at $2,728,454.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew J. Grayson sold 30,000 shares of the firm’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 owns 61,393 shares in the company, valued at approximately $3,233,569.31. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $2,638,400 in the last 90 days. 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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Institutional Ownership by Quarter for Validus Holdings (NYSE:VR)

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