Validus Holdings, Ltd. (VR) Shares Bought by AHL Partners LLP
AHL Partners LLP boosted its stake in Validus Holdings, Ltd. (NYSE:VR) by 255.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,279 shares of the insurance provider’s stock after purchasing an additional 97,947 shares during the period. AHL Partners LLP owned approximately 0.17% of Validus Holdings worth $7,082,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of VR. UBS Asset Management Americas Inc. grew its position in 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 worth $3,393,000 after purchasing an additional 5,813 shares during the period. M&T Bank Corp grew its position in Validus Holdings by 1.2% in the 1st quarter. M&T Bank Corp now owns 10,708 shares of the insurance provider’s stock worth $603,000 after purchasing an additional 130 shares during the period. Prudential Financial Inc. grew its position in Validus Holdings by 47.6% in the 1st quarter. Prudential Financial Inc. now owns 120,382 shares of the insurance provider’s stock worth $6,788,000 after purchasing an additional 38,844 shares during the period. Rafferty Asset Management LLC grew its position in Validus Holdings by 260.8% in the 1st quarter. Rafferty Asset Management LLC now owns 13,622 shares of the insurance provider’s stock worth $768,000 after purchasing an additional 9,846 shares during the period. Finally, Legal & General Group Plc grew its position in Validus Holdings by 31.1% in the 1st quarter. Legal & General Group Plc now owns 65,459 shares of the insurance provider’s stock worth $3,691,000 after purchasing an additional 15,528 shares during the period. 93.51% of the stock is owned by institutional investors and hedge funds.
Shares of Validus Holdings, Ltd. (VR) opened at 48.82 on Thursday. Validus Holdings, Ltd. has a 12 month low of $41.15 and a 12 month high of $58.76. The stock’s 50 day moving average is $48.79 and its 200-day moving average is $52.53. The company has a market cap of $3.88 billion, a P/E ratio of 13.46 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.10. The business had revenue of $675.27 million during the quarter, compared to analysts’ expectations of $922.84 million. Validus Holdings had a net margin of 11.81% and a return on equity of 7.75%. During the same quarter last year, the company posted $0.66 earnings per share. On average, equities analysts forecast that Validus Holdings, Ltd. will post $2.77 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.38 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.11%. Validus Holdings’s dividend payout ratio is currently 41.87%.
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A number of equities research analysts have commented on VR shares. Buckingham Research started coverage on shares of Validus Holdings in a research report on Monday, September 11th. They issued a “buy” rating and a $52.00 target price for the company. ValuEngine raised shares of Validus Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods set a $55.00 target price on shares of Validus Holdings and gave the stock a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded shares of Validus Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, UBS AG cut their target price on shares of Validus Holdings from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Validus Holdings presently has an average rating of “Hold” and a consensus target price of $55.50.
Validus Holdings 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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