Philadelphia Financial Management of San Francisco LLC grew its holdings in Validus Holdings, Ltd. (NYSE:VR) by 53.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 330,356 shares of the insurance provider’s stock after purchasing an additional 114,671 shares during the period. Validus makes up about 2.3% of Philadelphia Financial Management of San Francisco LLC’s portfolio, making the stock its 22nd biggest position. Philadelphia Financial Management of San Francisco LLC owned about 0.40% of Validus worth $15,500,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Validus by 10.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock valued at $124,000 after acquiring an additional 219 shares in the last quarter. Monarch Partners Asset Management LLC boosted its holdings in shares of Validus by 1.4% during the 4th quarter. Monarch Partners Asset Management LLC now owns 58,514 shares of the insurance provider’s stock valued at $2,745,000 after acquiring an additional 800 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Validus by 6.1% during the 4th quarter. Amalgamated Bank now owns 14,785 shares of the insurance provider’s stock valued at $694,000 after acquiring an additional 848 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Validus by 0.7% during the 4th quarter. California State Teachers Retirement System now owns 132,121 shares of the insurance provider’s stock worth $6,199,000 after buying an additional 919 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Validus by 48.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,315 shares of the insurance provider’s stock worth $202,000 after buying an additional 1,410 shares during the period. Institutional investors own 98.97% of the company’s stock.
In other news, President Kean Driscoll sold 6,875 shares of Validus stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $46.78, for a total value of $321,612.50. Following the completion of the transaction, the president now directly owns 103,983 shares of the company’s stock, valued at approximately $4,864,324.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 20,625 shares of company stock valued at $1,102,544. Corporate insiders own 2.33% of the company’s stock.
Validus Holdings, Ltd. (VR) traded up $0.13 during mid-day trading on Wednesday, hitting $67.49. The stock had a trading volume of 97,518 shares, compared to its average volume of 2,174,038. Validus Holdings, Ltd. has a 1 year low of $41.15 and a 1 year high of $67.79. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.90 and a quick ratio of 0.90.
Validus (NYSE:VR) last posted its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($1.00). Validus had a negative return on equity of 1.85% and a negative net margin of 1.70%. The business had revenue of $346.88 million during the quarter, compared to the consensus estimate of $352.00 million. During the same period last year, the business posted $0.80 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. analysts expect that Validus Holdings, Ltd. will post 4.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Wednesday, March 14th. Validus’s dividend payout ratio (DPR) is presently -176.74%.
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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