Investors sold shares of Validus Holdings, Ltd. (NYSE:VR) on strength during trading hours on Monday. $297.26 million flowed into the stock on the tick-up and $446.60 million flowed out of the stock on the tick-down, for a money net flow of $149.34 million out of the stock. Of all companies tracked, Validus had the 7th highest net out-flow for the day. Validus traded up $20.57 for the day and closed at $67.29
A number of equities analysts have issued reports on the stock. ValuEngine upgraded shares of Validus from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Zacks Investment Research lowered shares of Validus from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Barclays cut their price objective on shares of Validus from $57.00 to $53.00 and set an “equal weight” rating for the company in a research report on Monday, October 16th. UBS Group cut their price objective on shares of Validus from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Finally, Keefe, Bruyette & Woods raised shares of Validus from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Validus currently has a consensus rating of “Hold” and a consensus price target of $54.33.
The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $3,712.46, a PE ratio of -103.52, a price-to-earnings-growth ratio of 1.26 and a beta of 0.67.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Thursday, December 14th. Validus’s dividend payout ratio is presently -233.84%.
In related news, CEO Lixin Zeng sold 26,136 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $52.10, for a total transaction of $1,361,685.60. Following the completion of the transaction, the chief executive officer now owns 57,855 shares of the company’s stock, valued at $3,014,245.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $317,350.00. Following the transaction, the president now directly owns 110,858 shares of the company’s stock, valued at approximately $5,117,205.28. The disclosure for this sale can be found here. Insiders have sold 46,761 shares of company stock valued at $2,346,461 in the last ninety days. 2.33% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Validus by 1.8% during the second quarter. Vanguard Group Inc. now owns 6,302,341 shares of the insurance provider’s stock worth $327,534,000 after purchasing an additional 109,287 shares during the last quarter. State Treasurer State of Michigan increased its position 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 last quarter. BlackRock Inc. increased its position in Validus by 11.2% during the second quarter. BlackRock Inc. now owns 3,597,480 shares of the insurance provider’s stock worth $186,963,000 after purchasing an additional 361,617 shares during the last quarter. Wells Fargo & Company MN increased its position in 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 purchasing an additional 76,636 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in Validus by 10.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,960,885 shares of the insurance provider’s stock worth $96,495,000 after buying an additional 177,479 shares during the period. 96.29% of the stock is owned by hedge funds and other institutional investors.
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Validus Company Profile
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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