Principal Financial Group Inc. Buys 299,383 Shares of Validus Holdings, Ltd. (VR)

Principal Financial Group Inc. increased its stake in shares of Validus Holdings, Ltd. (NYSE:VR) by 18.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,955,360 shares of the insurance provider’s stock after buying an additional 299,383 shares during the quarter. Principal Financial Group Inc. owned 2.46% of Validus Holdings worth $96,223,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Federated Investors Inc. PA boosted its position in Validus Holdings by 3.4% in the second quarter. Federated Investors Inc. PA now owns 186,103 shares of the insurance provider’s stock worth $9,672,000 after purchasing an additional 6,081 shares during the last quarter. Airain ltd purchased a new position in Validus Holdings in the second quarter worth $1,437,000. Century Capital Management LLC purchased a new position in Validus Holdings in the second quarter worth $3,043,000. BlackRock Inc. boosted its position in Validus Holdings by 2,898.5% in the first quarter. BlackRock Inc. now owns 3,235,863 shares of the insurance provider’s stock worth $182,471,000 after purchasing an additional 3,127,947 shares during the last quarter. Finally, TLP Group LLC purchased a new position in Validus Holdings in the second quarter worth $329,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

In related news, CEO Lixin Zeng sold 26,136 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $52.10, for a total transaction of $1,361,685.60. Following the sale, the chief executive officer now directly owns 57,855 shares in the company, valued at approximately $3,014,245.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.33% of the company’s stock.

VR has been the topic of several research analyst reports. BidaskClub cut Validus Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods set a $55.00 price objective on Validus Holdings and gave the stock a “hold” rating in a research report on Thursday, August 17th. ValuEngine raised Validus Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Buckingham Research initiated coverage on Validus Holdings in a research report on Monday, September 11th. They issued a “buy” rating and a $52.00 price objective on the stock. Finally, UBS AG cut their price objective on Validus Holdings from $57.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $54.83.

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Validus Holdings, Ltd. (VR) opened at $52.42 on Friday. Validus Holdings, Ltd. has a 1 year low of $41.15 and a 1 year high of $58.76. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.

Validus Holdings (NYSE:VR) last issued its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) EPS for the quarter, beating analysts’ consensus estimates of ($3.30) by $0.08. Validus Holdings had a negative return on equity of 0.49% and a negative net margin of 1.38%. The firm had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $453.04 million. During the same quarter in the prior year, the firm earned $1.02 EPS. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. equities research analysts anticipate that Validus Holdings, Ltd. will post -0.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.90%. Validus Holdings’s payout ratio is -233.84%.

Validus Holdings 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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Institutional Ownership by Quarter for Validus Holdings (NYSE:VR)

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