Validus Holdings, Ltd. (VR) Rating Increased to Hold at Zacks Investment Research
Validus Holdings, Ltd. (NYSE:VR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “Validus Holdings, Ltd., through its principal operating subsidiary Validus Reinsurance, Ltd., is a global provider of short-tail lines of reinsurance including property catastrophe, property pro-rata and property per risk, marine and energy, and other specialty lines. Validus was formed in December following the significant natural catastrophes of 2005 with an experienced management team and an unencumbered capital base of approximately $one billion. “
Several other equities research analysts have also recently issued reports on VR. UBS AG decreased their price target on shares of Validus Holdings from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday. BidaskClub cut shares of Validus Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Keefe, Bruyette & Woods set a $55.00 price target on shares of Validus Holdings and gave the stock a “hold” rating in a research note on Thursday, August 17th. ValuEngine raised shares of Validus Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Buckingham Research assumed coverage on shares of Validus Holdings in a research note on Monday, September 11th. They set a “buy” rating and a $52.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Validus Holdings has a consensus rating of “Hold” and a consensus target price of $55.50.
Validus Holdings (VR) traded up 0.04% during trading on Thursday, reaching $48.95. 780,543 shares of the company’s stock traded hands. The firm has a market capitalization of $3.89 billion, a PE ratio of 13.50 and a beta of 0.65. The firm has a 50 day moving average of $48.79 and a 200 day moving average of $52.53. Validus Holdings has a 1-year low of $41.15 and a 1-year high of $58.76.
Validus Holdings (NYSE:VR) last posted its earnings results 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. 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 the consensus estimate of $922.84 million. During the same period last year, the firm posted $0.66 EPS. Equities analysts forecast that Validus Holdings will post $2.77 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA boosted its position in shares of Validus Holdings by 3.4% in the second quarter. Federated Investors Inc. PA now owns 186,103 shares of the insurance provider’s stock worth $9,672,000 after acquiring an additional 6,081 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Validus Holdings by 183.8% in the second quarter. Principal Financial Group Inc. now owns 1,655,977 shares of the insurance provider’s stock worth $86,061,000 after acquiring an additional 1,072,405 shares during the last quarter. Airain ltd acquired a new stake in shares of Validus Holdings in the second quarter worth approximately $1,437,000. Geode Capital Management LLC boosted its position 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 worth $33,882,000 after acquiring an additional 21,066 shares during the last quarter. Finally, Century Capital Management LLC acquired a new stake in shares of Validus Holdings in the second quarter worth approximately $3,043,000. 93.51% of the stock is currently owned by institutional investors and hedge funds.
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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