American Century Companies Inc. Buys 154,529 Shares of Validus Holdings, Ltd. (VR)
American Century Companies Inc. increased its stake in shares of Validus Holdings, Ltd. (NYSE:VR) by 25.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 759,089 shares of the insurance provider’s stock after buying an additional 154,529 shares during the quarter. American Century Companies Inc. owned about 0.96% of Validus Holdings worth $37,355,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc boosted its position in Validus Holdings by 14.0% during the 2nd quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock worth $112,000 after acquiring an additional 265 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Validus Holdings in the second quarter valued at $116,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Validus Holdings by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock valued at $124,000 after buying an additional 219 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Validus Holdings by 93.7% in the second quarter. BNP Paribas Arbitrage SA now owns 2,650 shares of the insurance provider’s stock valued at $138,000 after buying an additional 1,282 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Validus Holdings by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,905 shares of the insurance provider’s stock valued at $151,000 after buying an additional 278 shares during the period. Institutional investors own 92.84% of the company’s stock.
In related news, CEO Lixin Zeng sold 26,136 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $52.10, for a total transaction of $1,361,685.60. Following the transaction, the chief executive officer now directly owns 57,855 shares of the company’s stock, valued at $3,014,245.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.33% of the stock is currently owned by insiders.
Several analysts have recently weighed in on the company. BidaskClub lowered Validus Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. ValuEngine upgraded Validus Holdings from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Zacks Investment Research lowered Validus Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Keefe, Bruyette & Woods set a $55.00 price objective on Validus Holdings and gave the company a “hold” rating in a report on Thursday, August 17th. Finally, Barclays PLC cut their price objective on Validus Holdings from $57.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Validus Holdings currently has an average rating of “Hold” and a consensus target price of $54.83.
Shares of Validus Holdings, Ltd. (NYSE:VR) opened at $51.00 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 0.95. Validus Holdings, Ltd. has a 52-week low of $41.15 and a 52-week high of $58.76.
Validus Holdings (NYSE:VR) last announced its earnings results on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.30) by $0.08. The company had revenue of $407.00 million for the quarter, compared to analyst estimates of $453.04 million. Validus Holdings had a negative return on equity of 0.49% and a negative net margin of 1.38%. Validus Holdings’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 earnings per share. research analysts predict that Validus Holdings, Ltd. will post -0.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.98%. The ex-dividend date is Thursday, December 14th. Validus Holdings’s payout ratio is -233.84%.
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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