Signaturefd LLC bought a new stake in shares of Validus Holdings, Ltd. (NYSE:VR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,656 shares of the insurance provider’s stock, valued at approximately $112,000.
Several other institutional investors also recently added to or reduced their stakes in VR. The Manufacturers Life Insurance Company boosted its holdings in Validus by 31.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,211 shares of the insurance provider’s stock worth $151,000 after buying an additional 761 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Validus by 48.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,315 shares of the insurance provider’s stock worth $202,000 after buying an additional 1,410 shares during the period. Paragon Capital Management Ltd bought a new position in Validus in the 4th quarter worth approximately $211,000. Quadrature Capital Ltd bought a new position in Validus in the 4th quarter worth approximately $217,000. Finally, Choate Investment Advisors bought a new position in Validus in the 1st quarter worth approximately $217,000. 84.93% of the stock is owned by hedge funds and other institutional investors.
Validus opened at $67.56 on Tuesday, according to MarketBeat.com. Validus Holdings, Ltd. has a 1 year low of $41.15 and a 1 year high of $67.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of -63.14, a PEG ratio of 1.82 and a beta of 0.99.
Validus (NYSE:VR) last posted its earnings results on Tuesday, May 1st. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.56). Validus had a negative return on equity of 2.69% and a negative net margin of 5.06%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company earned $0.95 earnings per share. The business’s revenue for the quarter was up 46.9% compared to the same quarter last year. research analysts forecast that Validus Holdings, Ltd. will post 4.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 30th. Shareholders of record on Tuesday, May 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.25%. The ex-dividend date is Monday, May 14th. Validus’s dividend payout ratio is presently -142.06%.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Validus from a “hold” rating to a “strong sell” rating in a report on Friday. Buckingham Research downgraded shares of Validus from a “buy” rating to a “neutral” rating in a report on Tuesday, February 13th. Keefe, Bruyette & Woods downgraded shares of Validus from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Finally, JMP Securities cut shares of Validus from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $51.25.
In other news, President Kean Driscoll sold 6,875 shares of the firm’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $67.29, for a total transaction of $462,618.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael E.A. Carpenter sold 10,000 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $67.70, for a total transaction of $677,000.00. The disclosure for this sale can be found here. Insiders sold a total of 30,625 shares of company stock worth $2,068,363 over the last quarter. Corporate insiders own 2.33% of the company’s stock.
Validus Holdings, Ltd. provides reinsurance coverage, insurance coverage, and insurance linked securities management services worldwide. It operates through three segments: Reinsurance, Insurance, and Asset Management. The Reinsurance segment underwrites property reinsurance products on a catastrophe excess of loss, per risk excess of loss and proportional basis; and aerospace and aviation, agriculture, composite, marine, technical lines, terrorism, trade credit, workers' compensation, and other specialty lines, as well as casualty and financial lines.
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