Validus Holdings, Ltd. (VR) Upgraded to “Hold” by Zacks Investment Research
Validus Holdings, Ltd. (NYSE:VR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
According to Zacks, “Validus Holdings, Ltd., through its principal operating subsidiary Validus Reinsurance, Ltd., is a global provider of short-tail lines of reinsurance including property catastrophe, property pro-rata and property per risk, marine and energy, and other specialty lines. Validus was formed in December following the significant natural catastrophes of 2005 with an experienced management team and an unencumbered capital base of approximately $one billion. “
Several other research firms have also recently weighed in on VR. BidaskClub upgraded shares of Validus Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. UBS AG lowered their price objective on shares of Validus Holdings from $57.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. ValuEngine upgraded shares of Validus Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Buckingham Research started coverage on shares of Validus Holdings in a research report on Monday, September 11th. They set a “buy” rating and a $52.00 price objective on the stock. Finally, Keefe, Bruyette & Woods set a $55.00 price objective on shares of 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 given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $55.50.
Shares of Validus Holdings (VR) opened at 48.93 on Thursday. The firm’s 50 day moving average is $48.79 and its 200-day moving average is $52.53. Validus Holdings has a 1-year low of $41.15 and a 1-year high of $58.76. The company has a market cap of $3.89 billion, a PE ratio of 13.49 and a beta of 0.65.
Validus Holdings (NYSE:VR) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.10. The firm had revenue of $675.27 million for 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 EPS. Equities analysts expect that Validus Holdings will post $2.77 earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in VR. IFP Advisors Inc grew its holdings in shares of Validus Holdings by 14.0% during the 2nd quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock valued at $112,000 after purchasing an additional 265 shares during the last quarter. SG Americas Securities LLC bought a new stake in Validus Holdings in the 2nd quarter worth $116,000. The Manufacturers Life Insurance Company grew 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 acquiring an additional 219 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Validus Holdings by 93.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,650 shares of the insurance provider’s stock worth $138,000 after acquiring an additional 1,282 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Validus Holdings by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,905 shares of the insurance provider’s stock worth $151,000 after acquiring an additional 278 shares during the last quarter. 93.51% of the stock is currently owned by institutional investors.
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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