Validus Holdings, Ltd. (NYSE:VR) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other equities research analysts have also issued research reports about the stock. BidaskClub raised shares of Validus Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research raised shares of Validus Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods set a $55.00 target price on shares of Validus Holdings and gave the company a “hold” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $57.00.

Shares of Validus Holdings (NYSE VR) traded down 0.52% on Friday, reaching $49.89. 580,621 shares of the company’s stock traded hands. The firm has a market cap of $3.96 billion, a P/E ratio of 13.76 and a beta of 0.64. Validus Holdings has a one year low of $48.77 and a one year high of $58.76. The company’s 50-day moving average price is $52.52 and its 200 day moving average price is $54.20.

Validus Holdings (NYSE:VR) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.10. The firm had revenue of $675.27 million for the quarter, compared to analysts’ expectations of $922.84 million. Validus Holdings had a net margin of 11.81% and a return on equity of 7.75%. During the same quarter last year, the company posted $0.66 EPS. On average, equities analysts forecast that Validus Holdings will post $3.56 EPS for the current fiscal year.

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In related news, Director Matthew J. Grayson sold 30,000 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $52.67, for a total transaction of $1,580,100.00. Following the sale, the director now owns 61,393 shares of the company’s stock, valued at $3,233,569.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Matthew J. Grayson sold 10,000 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $53.09, for a total transaction of $530,900.00. Following the sale, the director now directly owns 51,393 shares in the company, valued at approximately $2,728,454.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock valued at $2,638,400. 2.33% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in shares of Validus Holdings by 3.6% in the first quarter. Geode Capital Management LLC now owns 600,865 shares of the insurance provider’s stock valued at $33,882,000 after buying an additional 21,066 shares in the last quarter. BlackRock Inc. boosted its position in Validus Holdings by 2,898.5% in the first quarter. BlackRock Inc. now owns 3,235,863 shares of the insurance provider’s stock worth $182,471,000 after buying an additional 3,127,947 shares during the last quarter. Martingale Asset Management L P boosted its position in Validus Holdings by 9.8% in the first quarter. Martingale Asset Management L P now owns 455,096 shares of the insurance provider’s stock worth $25,664,000 after buying an additional 40,595 shares during the last quarter. Airain ltd bought a new position in Validus Holdings during the second quarter worth approximately $1,437,000. Finally, Canada Pension Plan Investment Board bought a new position in Validus Holdings during the second quarter worth approximately $2,754,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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