219,672 Shares in Validus Holdings, Ltd. (VR) Purchased by Cambiar Investors LLC
Cambiar Investors LLC purchased a new position in shares of Validus Holdings, Ltd. (NYSE:VR) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 219,672 shares of the insurance provider’s stock, valued at approximately $10,810,000. Cambiar Investors LLC owned 0.28% of Validus Holdings at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Validus Holdings by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,302,341 shares of the insurance provider’s stock valued at $327,534,000 after purchasing an additional 109,287 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of Validus Holdings by 11.4% during the third quarter. State Treasurer State of Michigan now owns 3,798,643 shares of the insurance provider’s stock valued at $186,931,000 after acquiring an additional 390,000 shares during the last quarter. BlackRock Inc. raised its stake in shares of Validus Holdings by 11.2% during the second quarter. BlackRock Inc. now owns 3,597,480 shares of the insurance provider’s stock valued at $186,963,000 after acquiring an additional 361,617 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Validus Holdings by 7.4% during the second quarter. Victory Capital Management Inc. now owns 2,546,912 shares of the insurance provider’s stock valued at $132,363,000 after acquiring an additional 176,151 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Validus Holdings by 7.5% during the second quarter. JPMorgan Chase & Co. now owns 2,468,885 shares of the insurance provider’s stock valued at $128,307,000 after acquiring an additional 172,976 shares during the last quarter. 92.84% of the stock is owned by institutional investors.
In other Validus Holdings news, CEO Lixin Zeng sold 26,136 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $52.10, for a total value 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 company insiders.
Validus Holdings, Ltd. (NYSE:VR) traded down $0.46 during trading hours on Wednesday, reaching $50.54. 693,900 shares of the company’s stock were exchanged, compared to its average volume of 607,790. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52. Validus Holdings, Ltd. has a 1-year low of $41.15 and a 1-year high of $58.76.
Validus Holdings (NYSE:VR) last posted its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) EPS for the quarter, topping analysts’ consensus estimates of ($3.30) by $0.08. The business had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $453.04 million. Validus Holdings had a negative net margin of 1.38% and a negative return on equity of 0.49%. The business’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period last year, the company posted $1.02 earnings per share. research analysts anticipate that Validus Holdings, Ltd. will post -0.16 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Thursday, December 14th. Validus Holdings’s dividend payout ratio (DPR) is -233.84%.
Several equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Validus Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. ValuEngine upgraded shares of Validus Holdings from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Zacks Investment Research cut shares of Validus Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Keefe, Bruyette & Woods set a $55.00 price objective on shares of Validus Holdings and gave the stock a “hold” rating in a research report on Thursday, August 17th. Finally, Barclays PLC decreased their price objective on shares of Validus Holdings from $57.00 to $53.00 and set an “equal weight” rating for the company in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $54.83.
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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