Validus Holdings, Ltd. (VR) Sees Significant Growth in Short Interest
Validus Holdings, Ltd. (NYSE:VR) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,332,718 shares, an increase of 100.2% from the August 31st total of 665,832 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 2,012,885 shares, the short-interest ratio is currently 0.7 days.
VR has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Validus Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, September 28th. BidaskClub downgraded shares of Validus Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. 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. UBS AG cut their price objective on shares of Validus Holdings from $57.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, September 19th. Finally, ValuEngine raised shares of Validus Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $55.50.
Validus Holdings (NYSE VR) opened at 48.95 on Friday. 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 P/E ratio of 13.50 and a beta of 0.65. The firm has a 50-day moving average of $48.66 and a 200 day moving average of $52.51.
Validus Holdings (NYSE:VR) last released its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $922.84 million. During the same quarter last year, the business earned $0.66 earnings per share. On average, equities analysts forecast that Validus Holdings will post $2.77 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.52 annualized dividend and a yield of 3.11%. Validus Holdings’s dividend payout ratio (DPR) is currently 41.87%.
A number of hedge funds have recently added to or reduced their stakes in VR. IFP Advisors Inc lifted its position in Validus Holdings by 14.0% during the second 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 position in Validus Holdings during the second quarter valued at $116,000. The Manufacturers Life Insurance Company lifted its position in Validus Holdings by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 219 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Validus Holdings by 93.7% during the second quarter. BNP Paribas Arbitrage SA now owns 2,650 shares of the insurance provider’s stock valued at $138,000 after purchasing an additional 1,282 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Validus Holdings by 10.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,905 shares of the insurance provider’s stock valued at $151,000 after purchasing an additional 278 shares during the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.
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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