BlackRock Inc. Has $186.96 Million Stake in Validus Holdings, Ltd. (VR)
BlackRock Inc. lifted its stake in Validus Holdings, Ltd. (NYSE:VR) by 11.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,597,480 shares of the insurance provider’s stock after buying an additional 361,617 shares during the period. BlackRock Inc. owned approximately 4.52% of Validus Holdings worth $186,963,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in shares of Validus Holdings by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 359,838 shares of the insurance provider’s stock worth $18,700,000 after buying an additional 6,775 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Validus Holdings by 1.1% in the second quarter. TIAA CREF Investment Management LLC now owns 297,182 shares of the insurance provider’s stock worth $15,445,000 after buying an additional 3,185 shares during the period. Symphony Asset Management LLC purchased a new stake in shares of Validus Holdings in the second quarter worth about $380,000. Capital Fund Management S.A. boosted its position in shares of Validus Holdings by 322.1% in the second quarter. Capital Fund Management S.A. now owns 68,404 shares of the insurance provider’s stock worth $3,555,000 after buying an additional 52,200 shares during the period. Finally, Century Capital Management LLC purchased a new stake in shares of Validus Holdings in the second quarter worth about $3,043,000. 93.51% of the stock is owned by institutional investors.
Validus Holdings, Ltd. (NYSE VR) opened at 49.12 on Wednesday. The company has a 50-day moving average price of $48.32 and a 200-day moving average price of $52.29. Validus Holdings, Ltd. has a one year low of $41.15 and a one year high of $58.76. The stock has a market cap of $3.90 billion, a P/E ratio of 13.55 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 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The business had revenue of $675.27 million for the quarter, compared to analyst estimates 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. On average, analysts anticipate that Validus Holdings, Ltd. will post $2.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid 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 3.09%. Validus Holdings’s payout ratio is presently 41.87%.
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Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Validus Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods set a $55.00 target price on Validus Holdings and gave the stock a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded Validus Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. ValuEngine raised Validus Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, UBS AG decreased their target price on Validus Holdings from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $55.50.
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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