Validus Holdings, Ltd. (NYSE:VR) had its price objective upped by UBS AG from $48.00 to $52.00 in a research report sent to investors on Monday, October 30th, www.benzinga.com reports. The brokerage currently has a neutral rating on the insurance provider’s stock.
Several other analysts also recently weighed in on the stock. Buckingham Research started coverage on shares of Validus Holdings in a research report on Monday, September 11th. They issued a buy rating and a $52.00 price target for the company. Bank of America Corporation raised shares of Validus Holdings from a neutral rating to a buy rating in a research report on Monday, October 30th. ValuEngine raised shares of Validus Holdings from a hold rating to a buy rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Validus Holdings from a strong sell rating to a hold rating in a research report on Thursday, October 5th. Finally, TheStreet cut shares of Validus Holdings from a b rating to a c+ rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $54.83.
Validus Holdings (NYSE VR) opened at $50.54 on Monday. Validus Holdings has a 12 month low of $41.15 and a 12 month high of $58.76. 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 (NYSE:VR) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 net margin of 1.38% and a negative return on equity of 0.49%. The business’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 EPS. analysts forecast that Validus Holdings will post -0.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, December 14th. Validus Holdings’s dividend payout ratio is currently -233.85%.
In other Validus Holdings news, CEO Lixin Zeng sold 26,136 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 57,855 shares of the company’s stock, valued at $3,014,245.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.33% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc increased 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 worth $112,000 after purchasing an additional 265 shares during the last quarter. SG Americas Securities LLC acquired a new position in Validus Holdings during the second quarter worth approximately $116,000. Zions Bancorporation acquired a new stake in shares of Validus Holdings in the third quarter worth $116,000. The Manufacturers Life Insurance Company increased its position 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 worth $124,000 after acquiring an additional 219 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position 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 worth $138,000 after acquiring an additional 1,282 shares in the last quarter. 92.84% of the stock is owned by hedge funds and other institutional investors.
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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