Whittier Trust Co. lowered its stake in Validus Holdings Ltd. (NYSE:VR) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,436 shares of the company’s stock after selling 5,895 shares during the period. Whittier Trust Co.’s holdings in Validus Holdings were worth $4,588,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new stake in Validus Holdings during the second quarter valued at about $15,431,000. BlackRock Group LTD raised its stake in Validus Holdings by 23.0% in the first quarter. BlackRock Group LTD now owns 71,838 shares of the company’s stock valued at $3,390,000 after buying an additional 13,432 shares during the period. James Investment Research Inc. raised its stake in Validus Holdings by 0.6% in the second quarter. James Investment Research Inc. now owns 9,656 shares of the company’s stock valued at $469,000 after buying an additional 53 shares during the period. Prudential Financial Inc. raised its stake in Validus Holdings by 42.5% in the first quarter. Prudential Financial Inc. now owns 78,487 shares of the company’s stock valued at $3,704,000 after buying an additional 23,400 shares during the period. Finally, NN Investment Partners Holdings N.V. bought a new stake in Validus Holdings during the first quarter valued at about $727,000. 93.59% of the stock is currently owned by institutional investors.
Shares of Validus Holdings Ltd. (NYSE:VR) traded down 1.91% during mid-day trading on Thursday, hitting $48.85. The company had a trading volume of 767,294 shares. Validus Holdings Ltd. has a one year low of $41.73 and a one year high of $51.58. The company’s 50-day moving average is $50.18 and its 200 day moving average is $48.25. The company has a market capitalization of $3.92 billion, a PE ratio of 10.41 and a beta of 0.59.
Validus Holdings (NYSE:VR) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by $0.09. The business had revenue of $574.47 million for the quarter, compared to the consensus estimate of $576.08 million. Validus Holdings had a return on equity of 8.93% and a net margin of 16.72%. During the same quarter last year, the business posted $1.16 earnings per share. On average, equities research analysts forecast that Validus Holdings Ltd. will post $4.03 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.81%. Validus Holdings’s dividend payout ratio (DPR) is currently 29.72%.
VR has been the topic of several analyst reports. Zacks Investment Research raised Validus Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. JPMorgan Chase & Co. initiated coverage on Validus Holdings in a report on Tuesday, June 28th. They set an “overweight” rating and a $55.00 target price on the stock.
In other Validus Holdings news, Director Michael E.A. Carpenter sold 9,300 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $49.60, for a total value of $461,280.00. Following the sale, the director now directly owns 281,733 shares in the company, valued at $13,973,956.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeffrey W. Greenberg sold 54,872 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $49.47, for a total value of $2,714,517.84. Following the completion of the sale, the director now owns 3,027 shares in the company, valued at $149,745.69. The disclosure for this sale can be found here. Corporate insiders own 4.19% of the company’s stock.
Validus Holdings Company Profile
Validus Holdings, Ltd. is a holding company. The Company conducts its operations through four operating segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. AlphaCat is an investment advisor managing capital from third parties and the Company in insurance linked securities and other investments in the property catastrophe reinsurance space.
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