Validus Holdings, Ltd. (VR) Expected to Post Earnings of $0.86 Per Share

Brokerages forecast that Validus Holdings, Ltd. (NYSE:VR) will post earnings of $0.86 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Validus’ earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $1.01. Validus posted earnings of $0.80 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The firm is scheduled to report its next earnings report after the market closes on Thursday, February 1st.

According to Zacks, analysts expect that Validus will report full year earnings of ($0.24) per share for the current year, with EPS estimates ranging from ($0.45) to ($0.10). For the next year, analysts forecast that the firm will report earnings of $4.12 per share, with EPS estimates ranging from $3.75 to $4.55. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Validus.

Validus (NYSE:VR) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.30) by $0.08. The firm had revenue of $407.00 million for the quarter, compared to analysts’ expectations 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 was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS.

Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of Validus from a “hold” rating to a “strong sell” rating in a report on Thursday, September 28th. UBS Group lowered their target price on shares of Validus from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. ValuEngine raised shares of Validus from a “sell” rating to a “hold” rating in a report on Friday, October 20th. TheStreet cut shares of Validus from a “b” rating to a “c+” rating in a report on Wednesday, October 11th. Finally, Bank of America raised shares of Validus from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $54.83.

In related news, CEO Lixin Zeng sold 26,136 shares of Validus stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $52.10, for a total value of $1,361,685.60. Following the transaction, the chief executive officer now directly owns 57,855 shares of the company’s stock, valued at $3,014,245.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Kean Driscoll sold 6,875 shares of Validus stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $46.16, for a total transaction of $317,350.00. Following the completion of the transaction, the president now directly owns 110,858 shares in the company, valued at $5,117,205.28. The disclosure for this sale can be found here. Insiders have sold 39,886 shares of company stock worth $2,024,848 over the last ninety days. Insiders own 2.33% of the company’s stock.

A number of large investors have recently made changes to their positions in VR. SG Americas Securities LLC acquired a new stake in Validus in the second quarter valued at approximately $116,000. Zions Bancorporation acquired a new stake in Validus in the third quarter valued at approximately $116,000. The Manufacturers Life Insurance Company boosted its position in Validus 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 in the last quarter. BNP Paribas Arbitrage SA boosted its position in Validus 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Validus 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 in the last quarter. 96.24% of the stock is currently owned by institutional investors and hedge funds.

Validus (NYSE:VR) traded up $0.43 during trading on Thursday, reaching $47.19. 345,973 shares of the company’s stock traded hands, compared to its average volume of 619,520. The company has a market cap of $3,727.55, a PE ratio of -72.60 and a beta of 0.67. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 0.95. Validus has a 52-week low of $41.15 and a 52-week high of $58.76.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 annualized dividend and a dividend yield of 3.22%. Validus’s dividend payout ratio is presently -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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