Cornerstone Capital Inc. Boosts Position in Validus Holdings, Ltd. (VR)

Cornerstone Capital Inc. increased its stake in Validus Holdings, Ltd. (NYSE:VR) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 330,468 shares of the insurance provider’s stock after purchasing an additional 29,283 shares during the quarter. Validus makes up approximately 2.8% of Cornerstone Capital Inc.’s portfolio, making the stock its 18th biggest holding. Cornerstone Capital Inc. owned 0.42% of Validus worth $16,262,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Boston Private Wealth LLC raised its holdings in Validus by 4.4% during the 3rd quarter. Boston Private Wealth LLC now owns 38,447 shares of the insurance provider’s stock valued at $1,892,000 after acquiring an additional 1,609 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Validus by 5.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 383,564 shares of the insurance provider’s stock valued at $18,876,000 after acquiring an additional 19,436 shares during the period. Wells Fargo & Company MN raised its holdings in Validus by 3.2% during the 3rd quarter. Wells Fargo & Company MN now owns 2,463,909 shares of the insurance provider’s stock valued at $121,248,000 after acquiring an additional 76,636 shares during the period. Cadence Capital Management LLC raised its holdings in Validus by 41.5% during the 3rd quarter. Cadence Capital Management LLC now owns 16,757 shares of the insurance provider’s stock valued at $825,000 after acquiring an additional 4,917 shares during the period. Finally, Schroder Investment Management Group raised its holdings in Validus by 13.7% during the 3rd quarter. Schroder Investment Management Group now owns 1,831,428 shares of the insurance provider’s stock valued at $88,440,000 after acquiring an additional 220,900 shares during the period. 96.35% of the stock is currently owned by institutional investors.

In other news, CEO Lixin Zeng sold 26,136 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $52.10, for a total transaction of $1,361,685.60. Following the completion of the transaction, the chief executive officer now directly owns 57,855 shares in the company, valued at approximately $3,014,245.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Kean Driscoll sold 6,875 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $50.30, for a total transaction of $345,812.50. The disclosure for this sale can be found here. 2.33% of the stock is owned by insiders.

A number of equities research analysts have issued reports on VR shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 target price on shares of Validus in a report on Thursday, October 12th. BidaskClub raised shares of Validus from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. UBS boosted their target price on shares of Validus from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Bank of America raised shares of Validus from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. Finally, ValuEngine cut shares of Validus from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $54.83.

Validus Holdings, Ltd. (NYSE:VR) traded down $1.17 on Monday, hitting $48.01. 1,070,600 shares of the stock were exchanged, compared to its average volume of 606,509. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52. Validus Holdings, Ltd. has a 12-month low of $41.15 and a 12-month high of $58.76.

Validus (NYSE:VR) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) EPS for the quarter, beating analysts’ consensus estimates of ($3.30) by $0.08. The firm had revenue of $407.00 million during the quarter, compared to analyst estimates of $453.04 million. Validus had a negative net margin of 1.38% and a negative return on equity of 0.49%. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 EPS. sell-side analysts forecast that Validus Holdings, Ltd. will post -0.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.17%. Validus’s dividend payout ratio (DPR) is currently -233.84%.

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Validus 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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Institutional Ownership by Quarter for Validus (NYSE:VR)

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