American Century Companies Inc. boosted its holdings in Validus Holdings, Ltd. (NYSE:VR) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 807,454 shares of the insurance provider’s stock after purchasing an additional 48,365 shares during the quarter. American Century Companies Inc. owned approximately 0.99% of Validus worth $37,886,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in VR. Monarch Partners Asset Management LLC boosted its holdings in shares of Validus by 1.4% during the fourth quarter. Monarch Partners Asset Management LLC now owns 58,514 shares of the insurance provider’s stock valued at $2,745,000 after acquiring an additional 800 shares during the period. Boston Partners boosted its holdings in shares of Validus by 1,009.9% during the fourth quarter. Boston Partners now owns 4,279,398 shares of the insurance provider’s stock valued at $200,789,000 after acquiring an additional 3,893,816 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Validus by 73.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,985,484 shares of the insurance provider’s stock valued at $93,159,000 after acquiring an additional 837,887 shares during the period. Engineers Gate Manager LP boosted its holdings in shares of Validus by 1,451.7% during the fourth quarter. Engineers Gate Manager LP now owns 73,719 shares of the insurance provider’s stock valued at $3,459,000 after acquiring an additional 68,968 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Validus during the fourth quarter valued at $285,000. 95.50% of the stock is owned by hedge funds and other institutional investors.
Shares of Validus Holdings, Ltd. (NYSE:VR) opened at $67.47 on Tuesday. Validus Holdings, Ltd. has a one year low of $41.15 and a one year high of $67.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The firm has a market cap of $5,360.00, a PE ratio of -78.45, a P/E/G ratio of 1.81 and a beta of 1.05.
Validus (NYSE:VR) last issued its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($1.00). Validus had a negative net margin of 1.70% and a negative return on equity of 1.79%. The company had revenue of $346.88 million for the quarter, compared to the consensus estimate of $352.00 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Validus’s revenue for the quarter was up 16.1% compared to the same quarter last year. research analysts predict that Validus Holdings, Ltd. will post 4.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, March 14th. Validus’s dividend payout ratio is currently -176.74%.
In related news, President Kean Driscoll sold 6,875 shares of Validus stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $46.16, for a total transaction of $317,350.00. Following the sale, the president now directly owns 110,858 shares in the company, valued at $5,117,205.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 20,625 shares of company stock worth $984,775. Company insiders own 2.33% of the company’s stock.
VR has been the subject of several analyst reports. Bank of America raised shares of Validus from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. Barclays reduced their price target on shares of Validus from $57.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, October 16th. ValuEngine raised shares of Validus from a “sell” rating to a “hold” rating in a report on Friday, October 20th. JMP Securities downgraded shares of Validus from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods downgraded shares of Validus from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $52.80.
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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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