Validus Holdings, Ltd. (NYSE:VR) Scheduled to Post Earnings on Thursday
Validus Holdings, Ltd. (NYSE:VR) is set to post its quarterly earnings results after the market closes on Thursday, July 27th. Analysts expect Validus Holdings to post earnings of $0.96 per share for the quarter.
Validus Holdings (NYSE:VR) last issued its earnings results on Wednesday, April 26th. The insurance provider reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.22. The business had revenue of $990.80 million during the quarter, compared to the consensus estimate of $1.03 billion. Validus Holdings had a return on equity of 7.05% and a net margin of 11.88%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 earnings per share. On average, analysts expect Validus Holdings to post $3.68 EPS for the current fiscal year and $4.21 EPS for the next fiscal year.
Shares of Validus Holdings, Ltd. (NYSE VR) opened at 52.39 on Thursday. Validus Holdings, Ltd. has a one year low of $47.91 and a one year high of $58.76. The company has a market capitalization of $4.15 billion, a P/E ratio of 14.88 and a beta of 0.64. The firm has a 50-day moving average price of $52.35 and a 200-day moving average price of $55.15.
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Tuesday, June 13th. Validus Holdings’s dividend payout ratio is presently 43.18%.
Several equities research analysts have weighed in on VR shares. Zacks Investment Research cut Validus Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. BidaskClub upgraded Validus Holdings from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $55.00 price objective on shares of Validus Holdings in a report on Thursday, April 27th. ValuEngine upgraded Validus Holdings from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Finally, Deutsche Bank AG increased their price objective on Validus Holdings from $56.00 to $59.00 and gave the stock a “hold” rating in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $57.00.
In related news, EVP Andrew E. Kudera sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $52.90, for a total transaction of $529,000.00. Following the completion of the transaction, the executive vice president now owns 32,841 shares of the company’s stock, valued at approximately $1,737,288.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Matthew J. Grayson sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $52.67, for a total value of $1,580,100.00. Following the transaction, the director now directly owns 61,393 shares of the company’s stock, valued at approximately $3,233,569.31. The disclosure for this sale can be found here. Insiders sold a total of 73,151 shares of company stock valued at $3,871,632 in the last three months. Corporate insiders own 2.33% of the company’s stock.
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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