$0.54 EPS Expected for Validus Holdings, Ltd. (VR) This Quarter
Wall Street brokerages expect Validus Holdings, Ltd. (NYSE:VR) to report $0.54 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Validus Holdings’ earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.16. Validus Holdings posted earnings per share of $1.02 in the same quarter last year, which suggests a negative year-over-year growth rate of 47.1%. The firm is expected to report its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Validus Holdings will report full-year earnings of $3.57 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.95. For the next year, analysts expect that the firm will post earnings of $4.00 per share, with EPS estimates ranging from $3.30 to $4.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Validus Holdings.
Validus Holdings (NYSE:VR) last posted its earnings results on Thursday, July 27th. The insurance provider reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.10. Validus Holdings had a net margin of 11.81% and a return on equity of 7.75%. The firm had revenue of $675.27 million during the quarter, compared to analysts’ expectations of $922.84 million. During the same period last year, the company posted $0.66 EPS.
A number of equities analysts have recently commented on the company. BidaskClub raised Validus Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Zacks Investment Research raised Validus Holdings from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, June 30th. Keefe, Bruyette & Woods set a $55.00 price objective on Validus Holdings and gave the stock a “hold” rating in a research report on Thursday, August 17th. Finally, ValuEngine raised Validus Holdings from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Validus Holdings presently has an average rating of “Hold” and an average price target of $57.00.
In related news, Director Matthew J. Grayson sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $52.74, for a total value of $527,400.00. Following the completion of the transaction, the director now directly owns 91,393 shares of the company’s stock, valued at $4,820,066.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew J. Grayson sold 30,000 shares of the company’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 completion of the transaction, the director now directly owns 61,393 shares of the company’s stock, valued at $3,233,569.31. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock valued at $2,638,400 over the last ninety days. 2.33% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc boosted its holdings 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 purchasing an additional 265 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Validus Holdings in the second quarter valued at approximately $116,000. The Manufacturers Life Insurance Company lifted 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 valued at $124,000 after buying an additional 219 shares during the last quarter. BNP Paribas Arbitrage SA lifted 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 during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted 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 during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.
Validus Holdings (NYSE:VR) traded up 4.36% during midday trading on Friday, hitting $44.02. 3,699,615 shares of the stock traded hands. Validus Holdings has a 52-week low of $41.15 and a 52-week high of $58.76. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 12.14 and a beta of 0.65. The firm’s 50-day moving average is $51.86 and its 200-day moving average is $53.88.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Thursday, September 14th. Validus Holdings’s dividend payout ratio (DPR) is 41.87%.
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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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