Brokerages Set Validus Holdings, Ltd. (VR) Price Target at $57.60

Validus Holdings, Ltd. (NYSE:VR) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $57.60.

VR has been the topic of several research reports. Zacks Investment Research downgraded shares of Validus Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, March 16th. Keefe, Bruyette & Woods restated a “hold” rating and set a $55.00 price objective on shares of Validus Holdings in a report on Thursday, April 27th. Deutsche Bank AG boosted their price objective on shares of Validus Holdings from $56.00 to $59.00 and gave the stock a “hold” rating in a report on Friday, April 28th. ValuEngine upgraded shares of Validus Holdings from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Finally, BidaskClub upgraded shares of Validus Holdings from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th.

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Validus Holdings (NYSE:VR) traded down 0.37% during trading on Tuesday, reaching $51.84. 594,169 shares of the company’s stock were exchanged. Validus Holdings has a 1-year low of $45.39 and a 1-year high of $58.76. The company has a market capitalization of $4.10 billion, a PE ratio of 14.73 and a beta of 0.63. The company’s 50-day moving average is $53.12 and its 200-day moving average is $55.55.

Validus Holdings (NYSE:VR) last posted its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by $0.22. Validus Holdings had a return on equity of 7.05% and a net margin of 11.88%. The company had revenue of $990.80 million for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts expect that Validus Holdings will post $3.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.52 annualized dividend and a dividend yield of 2.93%. Validus Holdings’s dividend payout ratio (DPR) is currently 43.18%.

In other Validus Holdings news, CEO Kean Driscoll sold 4,151 shares of the business’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $55.13, for a total value of $228,844.63. Following the transaction, the chief executive officer now directly owns 108,992 shares in the company, valued at $6,008,728.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Patrick Boisvert sold 1,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $53.40, for a total transaction of $53,400.00. Following the completion of the transaction, the insider now owns 5,714 shares in the company, valued at $305,127.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,302 shares of company stock worth $4,100,477. 2.33% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in Validus Holdings by 8.2% in the fourth quarter. State Street Corp now owns 1,489,637 shares of the insurance provider’s stock worth $81,949,000 after buying an additional 112,262 shares during the period. Guggenheim Capital LLC raised its position in Validus Holdings by 73.0% in the fourth quarter. Guggenheim Capital LLC now owns 62,972 shares of the insurance provider’s stock worth $3,464,000 after buying an additional 26,570 shares during the period. Norges Bank purchased a new position in Validus Holdings during the fourth quarter worth approximately $45,554,000. Russell Investments Group Ltd. purchased a new position in Validus Holdings during the fourth quarter worth approximately $8,196,000. Finally, Dimensional Fund Advisors LP raised its position in Validus Holdings by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,153,176 shares of the insurance provider’s stock worth $118,446,000 after buying an additional 35,301 shares during the period. Hedge funds and other institutional investors own 97.41% of the company’s stock.

About Validus Holdings

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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