3,100 Shares in Validus Holdings, Ltd. (VR) Purchased by Ancora Advisors LLC

Ancora Advisors LLC purchased a new stake in Validus Holdings, Ltd. (NYSE:VR) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,100 shares of the insurance provider’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its stake in Validus by 7.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 412,351 shares of the insurance provider’s stock valued at $19,348,000 after buying an additional 28,787 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Validus by 48.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,315 shares of the insurance provider’s stock valued at $202,000 after buying an additional 1,410 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Validus by 323.6% in the fourth quarter. Teacher Retirement System of Texas now owns 27,706 shares of the insurance provider’s stock valued at $1,300,000 after buying an additional 21,165 shares during the last quarter. Swiss National Bank lifted its stake in Validus by 2.5% in the fourth quarter. Swiss National Bank now owns 135,500 shares of the insurance provider’s stock valued at $6,358,000 after buying an additional 3,300 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Validus by 31.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,211 shares of the insurance provider’s stock valued at $151,000 after buying an additional 761 shares during the last quarter. 82.04% of the stock is owned by hedge funds and other institutional investors.

In other news, President Kean Driscoll sold 6,875 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $67.56, for a total transaction of $464,475.00. Following the completion of the sale, the president now owns 83,358 shares in the company, valued at $5,631,666.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter Anthony Bilsby sold 24,813 shares of the company’s stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $67.87, for a total value of $1,684,058.31. Following the sale, the chief executive officer now owns 41,116 shares of the company’s stock, valued at approximately $2,790,542.92. The disclosure for this sale can be found here. Insiders have sold 45,438 shares of company stock valued at $3,077,621 in the last 90 days. Company insiders own 2.33% of the company’s stock.

Shares of Validus opened at $67.88 on Thursday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.97. Validus Holdings, Ltd. has a twelve month low of $41.15 and a twelve month high of $67.96. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of -63.44, a PEG ratio of 1.83 and a beta of 1.01.

Validus (NYSE:VR) last issued its quarterly earnings data on Tuesday, May 1st. The insurance provider reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.56). Validus had a negative net margin of 5.06% and a negative return on equity of 2.69%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. Validus’s quarterly revenue was up 46.9% compared to the same quarter last year. sell-side analysts anticipate that Validus Holdings, Ltd. will post 4.12 earnings per share for the current year.

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

A number of equities research analysts have weighed in on VR shares. Zacks Investment Research cut Validus from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. ValuEngine upgraded Validus from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.25.

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.

Institutional Ownership by Quarter for Validus (NYSE:VR)

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