The stock of Validus Holdings, Ltd. (NYSE:VR) hit a new 52-week high and has $65.91 target or 31.00% above today’s $50.31 share price. The 9 months bullish chart indicates low risk for the $4.11B company. The 1-year high was reported on Oct, 5 by Barchart.com. If the $65.91 price target is reached, the company will be worth $1.27B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 211,848 shares traded hands. Validus Holdings, Ltd. (NYSE:VR) has risen 10.37% since March 2, 2016 and is uptrending. It has outperformed by 2.11% the S&P500.
Analysts await Validus Holdings, Ltd. (NYSE:VR) to report earnings on November, 3. They expect $0.73 EPS, down 15.12% or $0.13 from last year’s $0.86 per share. VR’s profit will be $59.64 million for 17.23 P/E if the $0.73 EPS becomes a reality. After $0.66 actual EPS reported by Validus Holdings, Ltd. for the previous quarter, Wall Street now forecasts 10.61% EPS growth.
Validus Holdings, Ltd. (NYSE:VR) Ratings Coverage
Out of 4 analysts covering Validus Holdings (NYSE:VR), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Validus Holdings has been the topic of 4 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by UBS on Friday, September 23. The stock of Validus Holdings, Ltd. (NYSE:VR) has “Neutral” rating given on Monday, May 2 by Bank of America. The stock has “Overweight” rating given by JP Morgan on Tuesday, June 28.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.17, from 1.12 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.
Ig Invest has 13,412 shares for 0% of their US portfolio. M&T State Bank Corp holds 0% or 10,658 shares in its portfolio. Iowa Comml Bank accumulated 300 shares or 0.01% of the stock. Moreover, Blackrock has 0% invested in Validus Holdings, Ltd. (NYSE:VR) for 38,772 shares. Convergence Invest Prns Lc holds 0.11% or 17,077 shares in its portfolio. Morgan Dempsey Management Ltd holds 0% or 64 shares in its portfolio. Raymond James And Associates has 166,307 shares for 0.03% of their US portfolio. Boothbay Fund Mgmt Ltd Liability Company last reported 0.15% of its portfolio in the stock. First Trust Advsr Ltd Partnership holds 232,062 shares or 0.04% of its portfolio. Blackrock Fund Advisors has 0.01% invested in the company for 761,512 shares. Financial Bank Of America De holds 1.58 million shares or 0.02% of its portfolio. Dimensional Fund Advsrs Limited Partnership has 2.08M shares for 0.06% of their US portfolio. Joel Isaacson & Communications Limited Liability Com has invested 0% of its portfolio in Validus Holdings, Ltd. (NYSE:VR). Brandywine Glob Investment Mgmt Lc accumulated 0.11% or 322,633 shares. Invesco Limited holds 0% or 264,615 shares in its portfolio.
Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 4 selling transactions for $3.71 million net activity. Boisvert Patrick sold $72,000 worth of Validus Holdings, Ltd. (NYSE:VR) on Monday, June 6. Carpenter Michael E.A. sold $461,280 worth of Validus Holdings, Ltd. (NYSE:VR) on Tuesday, September 20. Kudera Andrew E. sold $467,200 worth of stock. $2.71M worth of shares were sold by Greenberg Jeffrey W. on Friday, September 16.
More notable recent Validus Holdings, Ltd. (NYSE:VR) news were published by: Nasdaq.com which released: “Validus Holdings Ltd Reaches Analyst Target Price” on October 05, 2016, also Businesswire.com with their article: “Validus Holdings, Ltd. Announces Pricing of $150 Million Offering of …” published on June 06, 2016, Businesswire.com published: “Validus Holdings, Ltd. Announces Senior Management Appointments at Talbot …” on November 19, 2015. More interesting news about Validus Holdings, Ltd. (NYSE:VR) were released by: Businesswire.com and their article: “Validus Holdings, Ltd. Provides Initial Estimate of Losses from Second Quarter …” published on July 11, 2016 as well as Businesswire.com‘s news article titled: “Validus Holdings, Ltd. to Release Third Quarter 2016 Financial Results on …” with publication date: August 30, 2016.
VR Company Profile
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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