Commonwealth Bank of Australia reduced its position in shares of Validus Holdings, Ltd. (NYSE:VR) by 5.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,715 shares of the insurance provider’s stock after selling 1,200 shares during the quarter. Commonwealth Bank of Australia’s holdings in Validus Holdings were worth $1,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of VR. ProShare Advisors LLC raised its holdings in Validus Holdings by 7.8% during 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 during the last quarter. Russell Investments Group Ltd. raised its holdings in Validus Holdings by 2.9% during 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 during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Validus Holdings by 0.4% during 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 during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Validus Holdings by 10.7% during 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 during the last quarter. Finally, M&T Bank Corp raised its holdings in Validus Holdings by 1.2% during the 1st quarter. M&T Bank Corp now owns 10,708 shares of the insurance provider’s stock valued at $603,000 after buying an additional 130 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Validus Holdings, Ltd. (VR) opened at 47.22 on Friday. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 13.02 and a beta of 0.65. The firm has a 50-day moving average of $50.94 and a 200 day moving average of $53.46. Validus Holdings, Ltd. has a one year low of $41.15 and a one year high of $58.76.

Validus Holdings (NYSE:VR) last released its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The firm had revenue of $675.27 million during the quarter, compared to the consensus estimate 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 company posted $0.66 earnings per share. Equities research analysts predict that Validus Holdings, Ltd. will post $3.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 3.22%. Validus Holdings’s payout ratio is currently 41.87%.

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Several brokerages have commented on VR. BidaskClub lowered shares of Validus Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. ValuEngine upgraded shares of Validus Holdings from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Zacks Investment Research upgraded shares of Validus Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Keefe, Bruyette & Woods set a $55.00 price objective on shares of Validus Holdings and gave the stock a “hold” rating in a report on Thursday, August 17th. Finally, Buckingham Research began coverage on shares of Validus Holdings in a report on Monday, September 11th. They issued a “buy” rating and a $52.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Validus Holdings has an average rating of “Hold” and a consensus target price of $56.29.

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.

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

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