Validus Holdings Target of Unusually Large Options Trading (VR)
Validus Holdings, Ltd. (NYSE:VR) saw some unusual options trading on Thursday. Stock investors bought 2,238 call options on the stock. This represents an increase of Infinity compared to the typical volume of 0 call options.
VR has been the subject of several research reports. Zacks Investment Research downgraded Validus Holdings from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 28th. UBS AG reduced their target price on Validus Holdings from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. TheStreet downgraded Validus Holdings from a “b” rating to a “c+” rating in a research note on Wednesday, October 11th. ValuEngine upgraded Validus Holdings from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Finally, BidaskClub downgraded Validus Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $54.83.
In other news, CEO Lixin Zeng sold 26,136 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $52.10, for a total value of $1,361,685.60. Following the completion of the sale, the chief executive officer now directly owns 57,855 shares in the company, valued at approximately $3,014,245.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.33% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in VR. IFP Advisors Inc boosted its stake in shares of Validus Holdings by 14.0% in the 2nd quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock worth $112,000 after buying an additional 265 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Validus Holdings in the 2nd quarter worth approximately $116,000. The Manufacturers Life Insurance Company boosted its stake in shares of 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 buying an additional 219 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of 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 buying an additional 1,282 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 buying an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 94.64% of the company’s stock.
Validus Holdings (VR) opened at $50.86 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.06 and a quick ratio of 1.06. Validus Holdings has a 12 month low of $41.15 and a 12 month high of $58.76.
Validus Holdings (NYSE:VR) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.30) by $0.08. The business had revenue of $407.00 million during the quarter, compared to the consensus estimate of $453.04 million. Validus Holdings had a negative return on equity of 0.47% and a negative net margin of 1.38%. The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 EPS. equities analysts anticipate that Validus Holdings will post -0.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.38 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.99%. Validus Holdings’s payout ratio is presently -233.84%.
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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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