Livforsakringsbolaget Skandia Omsesidigt lowered its position in shares of Validus Holdings, Ltd. (NYSE:VR) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,400 shares of the insurance provider’s stock after selling 3,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned about 0.07% of Validus worth $2,506,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Prudential Financial Inc. raised its position in shares of Validus by 8.9% in the 3rd quarter. Prudential Financial Inc. now owns 118,278 shares of the insurance provider’s stock worth $5,820,000 after purchasing an additional 9,700 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Validus by 5.2% in the 3rd quarter. Macquarie Group Ltd. now owns 1,427,096 shares of the insurance provider’s stock worth $70,228,000 after purchasing an additional 70,508 shares during the last quarter. TLP Group LLC purchased a new position in shares of Validus in the 2nd quarter worth about $329,000. Cornerstone Capital Inc. raised its position in shares of Validus by 9.7% in the 3rd quarter. Cornerstone Capital Inc. now owns 330,468 shares of the insurance provider’s stock worth $16,262,000 after purchasing an additional 29,283 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Validus by 4.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 605,851 shares of the insurance provider’s stock worth $29,814,000 after purchasing an additional 25,636 shares during the last quarter. 96.25% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on VR. Barclays lowered their price target on Validus from $57.00 to $53.00 and set an “equal weight” rating for the company in a research report on Monday, October 16th. ValuEngine lowered Validus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised Validus from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price target on shares of Validus in a research report on Thursday, October 12th. Finally, UBS Group lifted their price target on Validus from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $54.33.
Shares of Validus Holdings, Ltd. (NYSE:VR) opened at $45.91 on Friday. Validus Holdings, Ltd. has a twelve month low of $41.15 and a twelve month high of $58.76. The company has a market capitalization of $3,650.00, a PE ratio of -70.63, a P/E/G ratio of 1.26 and a beta of 0.67. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.95.
Validus (NYSE:VR) last released its quarterly earnings data on Thursday, October 26th. The insurance provider reported ($3.22) EPS for the quarter, topping the consensus estimate of ($3.30) by $0.08. Validus had a negative return on equity of 0.49% and a negative net margin of 1.38%. The company had revenue of $407.00 million during the quarter, compared to the consensus estimate of $453.04 million. During the same period last year, the company earned $1.02 EPS. Validus’s revenue for the quarter was up 24.3% on a year-over-year basis. analysts predict that Validus Holdings, Ltd. will post -0.3 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 3.31%. Validus’s payout ratio is -233.85%.
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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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