First Trust Advisors LP Acquires 70,205 Shares of Validus Holdings, Ltd. (VR)

First Trust Advisors LP grew its holdings in shares of Validus Holdings, Ltd. (NYSE:VR) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 741,258 shares of the insurance provider’s stock after purchasing an additional 70,205 shares during the period. First Trust Advisors LP owned about 0.91% of Validus worth $34,780,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Boston Partners increased its stake in Validus by 1,009.9% during the fourth quarter. Boston Partners now owns 4,279,398 shares of the insurance provider’s stock worth $200,789,000 after purchasing an additional 3,893,816 shares during the period. State Treasurer State of Michigan increased its stake in Validus by 11.4% during the third quarter. State Treasurer State of Michigan now owns 3,798,643 shares of the insurance provider’s stock worth $186,931,000 after purchasing an additional 390,000 shares during the period. Wells Fargo & Company MN grew its position in shares of Validus by 3.2% during the third quarter. Wells Fargo & Company MN now owns 2,463,909 shares of the insurance provider’s stock worth $121,248,000 after buying an additional 76,636 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Validus by 73.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,985,484 shares of the insurance provider’s stock worth $93,159,000 after buying an additional 837,887 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Validus by 18.1% during the third quarter. Principal Financial Group Inc. now owns 1,955,360 shares of the insurance provider’s stock worth $96,223,000 after buying an additional 299,383 shares in the last quarter. Institutional investors own 95.01% of the company’s stock.

Validus Holdings, Ltd. (VR) opened at $67.60 on Tuesday. Validus Holdings, Ltd. has a 52-week low of $41.15 and a 52-week high of $67.73. The company has a market capitalization of $5,370.00, a PE ratio of -78.60, a PEG ratio of 1.82 and a beta of 1.05. 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 (NYSE:VR) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($1.00). The company had revenue of $346.88 million for the quarter, compared to analyst estimates of $352.00 million. Validus had a negative return on equity of 1.79% and a negative net margin of 1.70%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. research analysts predict that Validus Holdings, Ltd. will post 4.13 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, March 14th. Validus’s dividend payout ratio (DPR) is -176.74%.

A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Validus from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Barclays reissued a “hold” rating and set a $50.00 price objective on shares of Validus in a research report on Tuesday, January 9th. JMP Securities downgraded Validus from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods raised Validus from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 4th. Finally, Bank of America raised Validus from a “neutral” rating to a “buy” rating in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Validus has an average rating of “Hold” and an average price target of $52.80.

In related news, President Kean Driscoll sold 6,875 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $46.16, for a total value of $317,350.00. Following the completion of the transaction, the president now directly owns 110,858 shares of the company’s stock, valued at $5,117,205.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 20,625 shares of company stock valued at $1,102,544 over the last ninety days. 2.33% of the stock is currently owned by corporate insiders.

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About Validus

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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