Validus Holdings, Ltd. (VR) Given a $55.00 Price Target at Keefe, Bruyette & Woods
Validus Holdings, Ltd. (NYSE:VR) has been given a $55.00 target price by Keefe, Bruyette & Woods in a research note issued to investors on Thursday. The brokerage presently has a “hold” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 4.50% from the company’s current price.
Other equities research analysts have also issued reports about the company. BidaskClub lowered Validus Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research lowered Validus Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. ValuEngine raised Validus Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Finally, Deutsche Bank AG raised their price objective on Validus Holdings from $56.00 to $59.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.00.
Validus Holdings (VR) traded down 0.34% during mid-day trading on Thursday, hitting $52.45. The company had a trading volume of 204,717 shares. Validus Holdings has a 52-week low of $48.77 and a 52-week high of $58.76. The firm has a market cap of $4.17 billion, a P/E ratio of 14.46 and a beta of 0.64. The stock’s 50 day moving average price is $52.82 and its 200 day moving average price is $54.67.
Validus Holdings (NYSE:VR) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $675.27 million during the quarter, compared to analyst estimates of $922.84 million. Validus Holdings had a return on equity of 7.75% and a net margin of 11.81%. During the same period last year, the company posted $0.66 EPS. On average, equities research analysts predict that Validus Holdings will post $3.74 EPS for the current fiscal year.
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In other news, Director Matthew J. Grayson sold 30,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $52.67, for a total transaction of $1,580,100.00. Following the completion of the sale, the director now directly owns 61,393 shares of the company’s stock, valued at approximately $3,233,569.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Patrick Boisvert sold 1,000 shares of the stock in a transaction 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 owns 5,714 shares of the company’s stock, valued at approximately $305,127.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,000 shares of company stock valued at $2,959,300. Corporate insiders own 2.33% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised 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 worth $112,000 after buying an additional 265 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Validus Holdings during the second quarter worth about $116,000. The Manufacturers Life Insurance Company raised its stake in 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 buying an additional 219 shares during the last quarter. BNP Paribas Arbitrage SA raised 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 worth $138,000 after buying an additional 1,282 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised 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 worth $151,000 after buying an additional 278 shares during the last quarter. Institutional investors own 97.84% of the company’s stock.
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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