November 28, 2016 - By Michael Collier
In a legally required document which was filled with the D.C. based-SEC, it was published that the shareholder of Validus Holdings Ltd Jeanmarie Nessi, an insider in focus, made a transaction for 4,883 shares of the ‘s company, valued at $268,223 U.S Dollars using an average share price of $54.9 U.S Dollars.
Out of 4 analysts covering Validus Holdings (NYSE:VR), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $50 is the highest target while $50 is the lowest. The $50 average target is -8.81% below today’s ($54.83) stock price. Validus Holdings has been the topic of 4 analyst reports since July 21, 2015 according to StockzIntelligence Inc. JP Morgan initiated the stock with “Overweight” rating in Tuesday, June 28 report. The stock of Validus Holdings, Ltd. (NYSE:VR) earned “Neutral” rating by UBS on Friday, September 23. Bank of America upgraded the stock to “Neutral” rating in Monday, May 2 report.
Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.12, from 0.95 in 2016Q1. The ratio is negative, as 17 funds sold all Validus Holdings, Ltd. shares owned while 93 reduced positions. 24 funds bought stakes while 80 increased positions. They now own 71.29 million shares or 1.61% less from 72.46 million shares in 2016Q1.
Moreover, Edge Asset Management has 0.35% invested in Validus Holdings, Ltd. (NYSE:VR) for 818,892 shares. Employees Retirement Of Texas holds 0.04% or 53,000 shares in its portfolio. Parkwood Ltd accumulated 0.08% or 10,171 shares. Envestnet Asset Mngmt, a Illinois-based fund reported 73,561 shares. Verition Fund Ltd Llc has 9,410 shares for 0.06% of their US portfolio. Boothbay Fund Management Ltd Llc last reported 6,653 shares in the company. Manufacturers Life The holds 0% or 2,046 shares in its portfolio. Hillsdale last reported 0% of its portfolio in the stock. Guardian Cap L P has 186,451 shares for 0.15% of their US portfolio. Stephens Inc Ar holds 25,065 shares or 0.05% of its portfolio. The New York-based Springbok Management Lc has invested 0% in Validus Holdings, Ltd. (NYSE:VR). Denver Advsrs Limited Liability has 0.08% invested in the company for 37,769 shares. The California-based Los Angeles Capital Management And Equity has invested 0.1% in Validus Holdings, Ltd. (NYSE:VR). Bluecrest Mgmt Limited accumulated 6,805 shares or 0.01% of the stock. Finemark Bancorporation Tru reported 173 shares or 0% of all its holdings.
Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 6 sales for $4.32 million net activity. 4,151 Validus Holdings, Ltd. (NYSE:VR) shares with value of $220,875 were sold by Driscoll Kean. Shares for $72,000 were sold by Boisvert Patrick. 12,481 shares were sold by Salam Romel, worth $640,525 on Thursday, November 3. Shares for $2.71 million were sold by Greenberg Jeffrey W. on Friday, September 16. 9,300 Validus Holdings, Ltd. (NYSE:VR) shares with value of $461,280 were sold by Carpenter Michael E.A.
The stock decreased 0.15% or $0.08 during the last trading session, hitting $54.83. About 569,000 shares traded hands or 25.59% up from the average. Validus Holdings, Ltd. (NYSE:VR) has risen 20.31% since April 25, 2016 and is uptrending. It has outperformed by 14.30% the S&P500.
Validus Holdings, Ltd. is a holding company. The company has a market cap of $4.39 billion. The Firm conducts its activities through four operating divisions: Validus Re, Talbot, Western World and AlphaCat. It has a 10.84 P/E ratio. Validus Re is a Bermuda reinsurance segment focused treaty reinsurance.
According to Zacks Investment Research, “Validus Holdings, Ltd., through its principal operating subsidiary Validus Reinsurance, Ltd., is a global provider of short-tail lines of reinsurance including property catastrophe, property pro-rata and property per risk, marine and energy, and other specialty lines. Validus was formed in December following the significant natural catastrophes of 2005 with an experienced management team and an unencumbered capital base of approximately $one billion.”
Analysts await Validus Holdings, Ltd. (NYSE:VR) to report earnings on January, 26. They expect $0.78 EPS, down 37.10% or $0.46 from last year’s $1.24 per share. VR’s profit will be $62.45 million for 17.57 P/E if the $0.78 EPS becomes a reality. After $1.02 actual EPS reported by Validus Holdings, Ltd. for the previous quarter, Wall Street now forecasts -23.53% negative EPS growth.
More important recent Validus Holdings, Ltd. (NYSE:VR) news were published by: Businesswire.com which released: “Validus Holdings, Ltd. to Release Fourth Quarter and Year End 2016 Financial ..” on November 28, 2016, also Businesswire.com published article titled: “Validus Holdings, Ltd. Announces Quarterly Dividends on Common and Preferred ..”, Businesswire.com published: “Validus Holdings, Ltd. Announces Pricing of $150 Million Offering of ..” on June 06, 2016. More interesting news about Validus Holdings, Ltd. (NYSE:VR) was released by: Businesswire.com and their article: “Validus Holdings, Ltd. Announces Senior Management Appointments at Talbot ..” with publication date: November 19, 2015.
Validus Holdings, Ltd., incorporated on October 19, 2005, is a holding company. The Firm conducts its activities through four operating divisions: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda reinsurance segment focused treaty reinsurance. Talbot is a specialty insurance segment operating within the Lloyd’s insurance market through Syndicate 1183. Western World is a specialty excess and surplus lines insurance segment operating within the United States commercial market. AlphaCat is a Bermuda 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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