Validus Holdings, Ltd. (VR) PT Lowered to $48.00 at UBS AG
Validus Holdings, Ltd. (NYSE:VR) had its price target decreased by UBS AG from $50.00 to $48.00 in a research note issued to investors on Monday morning, www.benzinga.com reports. UBS AG currently has a neutral rating on the insurance provider’s stock.
Several other equities analysts have also recently issued reports on VR. BidaskClub raised Validus Holdings from a strong sell rating to a sell rating in a research report on Wednesday, June 14th. Zacks Investment Research cut Validus Holdings from a buy rating to a hold rating in a research report on Friday, July 7th. Keefe, Bruyette & Woods set a $55.00 price objective on Validus Holdings and gave the company a hold rating in a research report on Thursday, August 17th. ValuEngine raised Validus Holdings from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, Buckingham Research started coverage on Validus Holdings in a research report on Monday, September 11th. They issued a buy rating and a $52.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $55.50.
Shares of Validus Holdings (NYSE:VR) opened at 48.93 on Monday. The company’s 50-day moving average price is $48.79 and its 200-day moving average price is $52.53. Validus Holdings has a one year low of $41.15 and a one year high of $58.76. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 13.49 and a beta of 0.65.
Validus Holdings (NYSE:VR) last posted its quarterly earnings results 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. The company had revenue of $675.27 million for 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 quarter in the prior year, the business posted $0.66 EPS. On average, equities research analysts predict that Validus Holdings will post $2.77 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.52 annualized dividend and a dividend yield of 3.11%. Validus Holdings’s payout ratio is 41.87%.
A number of institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC raised its holdings in Validus Holdings by 1.7% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,575,434 shares of the insurance provider’s stock worth $81,875,000 after purchasing an additional 25,828 shares during the period. Laurel Wealth Advisors Inc. raised its holdings in Validus Holdings by 11.1% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 9,230 shares of the insurance provider’s stock worth $479,000 after purchasing an additional 920 shares during the period. Tower Research Capital LLC TRC raised its holdings in Validus Holdings by 1,257.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,678 shares of the insurance provider’s stock worth $191,000 after purchasing an additional 3,407 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Validus Holdings by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock worth $124,000 after purchasing an additional 219 shares during the period. Finally, Caxton Associates LP bought a new position in Validus Holdings in the 2nd quarter worth $667,000. 93.51% of the stock is currently owned by institutional investors.
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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