Validus Holdings, Ltd. (NYSE:VR) shares were up 6.9% during mid-day trading on Monday . The stock traded as high as $49.69 and last traded at $47.06. Approximately 4,262,149 shares were traded during mid-day trading, an increase of 625% from the average daily volume of 587,968 shares. The stock had previously closed at $44.02.

Several research analysts recently issued reports on VR shares. ValuEngine raised shares of Validus Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. BidaskClub raised shares of Validus Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Zacks Investment Research raised shares of Validus Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods set a $55.00 price target on shares of Validus Holdings and gave the stock a “hold” rating in a research report on Thursday, August 17th. Finally, Buckingham Research started coverage on shares of Validus Holdings in a research report on Monday. They issued a “buy” rating and a $52.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Validus Holdings has an average rating of “Hold” and an average target price of $56.29.

The firm has a 50 day moving average of $51.45 and a 200 day moving average of $53.67. The stock has a market cap of $3.85 billion, a PE ratio of 13.36 and a beta of 0.65.

Validus Holdings (NYSE:VR) last issued 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. Validus Holdings had a net margin of 11.81% and a return on equity of 7.75%. The business had revenue of $675.27 million during the quarter, compared to analysts’ expectations of $922.84 million. During the same quarter in the previous year, the company earned $0.66 EPS. Equities analysts predict that Validus Holdings, Ltd. will post $3.63 EPS for the current fiscal year.

The company 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 $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, September 14th. Validus Holdings’s payout ratio is presently 41.87%.

In other news, Director Matthew J. Grayson sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $53.09, for a total value of $530,900.00. Following the completion of the transaction, the director now directly owns 51,393 shares in the company, valued at approximately $2,728,454.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew J. Grayson sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $52.67, for a total transaction of $1,580,100.00. Following the completion of the transaction, the director now owns 61,393 shares of the company’s stock, valued at $3,233,569.31. The disclosure for this sale can be found here. 2.33% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of VR. ProShare Advisors LLC raised its position in shares of Validus Holdings by 7.8% in the 1st quarter. ProShare Advisors LLC now owns 11,661 shares of the insurance provider’s stock valued at $658,000 after buying an additional 839 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Validus Holdings by 2.9% in the 1st quarter. Russell Investments Group Ltd. now owns 153,444 shares of the insurance provider’s stock valued at $8,653,000 after buying an additional 4,272 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Validus Holdings by 0.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 128,812 shares of the insurance provider’s stock valued at $7,264,000 after buying an additional 497 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Validus Holdings by 10.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 60,165 shares of the insurance provider’s stock valued at $3,393,000 after buying an additional 5,813 shares in the last quarter. Finally, Martingale Asset Management L P raised its position in shares of Validus Holdings by 9.8% in the 1st quarter. Martingale Asset Management L P now owns 455,096 shares of the insurance provider’s stock valued at $25,664,000 after buying an additional 40,595 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

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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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