News headlines about Validus (NYSE:VR) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Validus earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 45.8138565491113 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
VR has been the topic of several analyst reports. ValuEngine upgraded Validus from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research lowered Validus from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $51.25.
Validus traded down $0.01, hitting $67.71, on Thursday, according to MarketBeat.com. The company had a trading volume of 15,052 shares, compared to its average volume of 410,657. Validus has a 12-month low of $41.15 and a 12-month high of $67.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $5.37 billion, a PE ratio of -63.27, a price-to-earnings-growth ratio of 1.83 and a beta of 1.02.
Validus (NYSE:VR) last issued its quarterly earnings results 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 return on equity of 2.69% and a negative net margin of 5.06%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. Validus’s revenue was up 46.9% on a year-over-year basis. sell-side analysts expect that Validus will post 4.12 EPS for the current year.
In other news, President Kean Driscoll sold 6,875 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $67.29, for a total transaction of $462,618.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Peter Anthony Bilsby sold 24,813 shares of the business’s stock in a transaction dated 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 in the company, 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 worth $3,077,621 in the last 90 days. Insiders own 2.33% of the company’s stock.
Validus Company Profile
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.
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