Validus Holdings Ltd. Plans Quarterly Dividend of $0.30 (VR)
Validus Holdings (NYSE:VR) announced a quarterly dividend on Thursday, October 31st, Analyst Ratings News reports. Stockholders of record on Friday, December 13th will be paid a dividend of $0.30 per share on Tuesday, December 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.04%.
VR has been the subject of a number of recent research reports. Analysts at Macquarie upgraded shares of Validus Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 16th. Analysts at TheStreet downgraded shares of Validus Holdings to a “hold” rating in a research note to investors on Friday, August 2nd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.00.
Shares of Validus Holdings (NYSE:VR) traded up 0.36% on Thursday, hitting $39.48. The stock had a trading volume of 637,493 shares. Validus Holdings has a 52 week low of $33.11 and a 52 week high of $40.06. The stock has a 50-day moving average of $37.66 and a 200-day moving average of $36.44. The company has a market cap of $4.243 billion and a price-to-earnings ratio of 11.54.
Validus Holdings (NYSE:VR) last issued its quarterly earnings data on Friday, October 25th. The company reported $1.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.68. The company had revenue of $317.35 million for the quarter, compared to the consensus estimate of $542.46 million. During the same quarter last year, the company posted $1.74 earnings per share. Validus Holdings’s revenue was down 7.9% compared to the same quarter last year. On average, analysts predict that Validus Holdings will post $5.77 earnings per share for the current fiscal year.
Validus Holdings, Ltd. is a holding company. The Company, through its subsidiaries, provides reinsurance coverage in the property, marine and specialty lines markets and insurance coverage in the same markets.
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