Validus Holdings, Ltd. (VR) Receives $51.00 Average Price Target from Brokerages

Shares of Validus Holdings, Ltd. (NYSE:VR) have been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $51.00.

VR has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Validus from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Zacks Investment Research lowered shares of Validus from a “hold” rating to a “strong sell” rating in a report on Friday, May 18th. Finally, Buckingham Research lowered shares of Validus from a “buy” rating to a “neutral” rating in a report on Tuesday, February 13th.

In related news, President Kean Driscoll sold 6,875 shares of Validus stock in a transaction on Monday, April 16th. The shares were sold at an average price of $67.56, for a total transaction of $464,475.00. Following the transaction, the president now owns 83,358 shares in the company, valued at approximately $5,631,666.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 20,625 shares of company stock worth $1,391,363 in the last 90 days. Company insiders own 2.33% of the company’s stock.



Several large investors have recently bought and sold shares of VR. Citadel Advisors LLC increased its stake in Validus by 3,594.8% during the 1st quarter. Citadel Advisors LLC now owns 1,916,877 shares of the insurance provider’s stock worth $129,293,000 after buying an additional 1,864,997 shares during the period. Alpine Associates Management Inc. purchased a new stake in Validus during the 1st quarter worth $116,635,000. Water Island Capital LLC purchased a new stake in Validus during the 1st quarter worth $67,362,000. Citigroup Inc. increased its stake in Validus by 10,664.9% during the 1st quarter. Citigroup Inc. now owns 733,737 shares of the insurance provider’s stock worth $49,490,000 after buying an additional 726,921 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in Validus by 42.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,266,264 shares of the insurance provider’s stock worth $106,333,000 after buying an additional 670,864 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

VR stock traded up $0.01 during midday trading on Thursday, hitting $67.86. The stock had a trading volume of 9,907 shares, compared to its average volume of 575,984. The stock has a market capitalization of $5.38 billion, a P/E ratio of -63.41, a PEG ratio of 1.83 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97. Validus has a 12-month low of $41.15 and a 12-month high of $67.96.

Validus (NYSE:VR) last released its earnings results on Tuesday, May 1st. The insurance provider reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.56). The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Validus had a negative return on equity of 2.69% and a negative net margin of 5.06%. The firm’s revenue was up 46.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. research analysts forecast that Validus will post 4.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 30th. Investors of record on Tuesday, May 15th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, May 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.24%. Validus’s payout ratio is -142.06%.

About Validus

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.

Analyst Recommendations for Validus (NYSE:VR)

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