Validus Holdings, Ltd. (NYSE:VR) Lifted to Sell at BidaskClub
Validus Holdings, Ltd. (NYSE:VR) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Validus Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 2nd. Deutsche Bank AG increased their target price on Validus Holdings from $56.00 to $59.00 and gave the company a “hold” rating in a report on Friday, April 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $55.00 target price on shares of Validus Holdings in a report on Thursday, April 27th. Finally, ValuEngine raised Validus Holdings from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $57.00.
Validus Holdings (VR) opened at 53.48 on Friday. The firm’s 50-day moving average price is $52.68 and its 200 day moving average price is $54.78. Validus Holdings has a 12-month low of $48.77 and a 12-month high of $58.76. The stock has a market cap of $4.25 billion, a PE ratio of 14.75 and a beta of 0.64.
Validus Holdings (NYSE:VR) last announced its earnings results on Thursday, July 27th. The insurance provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. Validus Holdings had a return on equity of 7.75% and a net margin of 11.81%. The business had revenue of $675.27 million during the quarter, compared to analysts’ expectations of $922.84 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Analysts anticipate that Validus Holdings will post $3.74 EPS for the current year.
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In related news, President Kean Driscoll sold 4,151 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $52.93, for a total value of $219,712.43. Following the completion of the sale, the president now owns 104,841 shares of the company’s stock, valued at $5,549,234.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Patrick Boisvert sold 1,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $53.40, for a total value of $53,400.00. Following the completion of the sale, the insider now directly owns 5,714 shares of the company’s stock, valued at approximately $305,127.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,151 shares of company stock valued at $3,708,012. Insiders own 2.33% of the company’s stock.
Large investors have recently bought and sold shares of the stock. M&R Capital Management Inc. bought a new stake in Validus Holdings during the second quarter valued at approximately $104,000. IFP Advisors Inc boosted its stake in Validus Holdings by 14.0% in the second quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock valued at $112,000 after buying an additional 265 shares in the last quarter. SG Americas Securities LLC bought a new stake in Validus Holdings during the second quarter valued at approximately $116,000. BNP Paribas Arbitrage SA boosted its stake in 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 in the last quarter. 97.51% 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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