Price Action to Note: What’s Next for Validus Holdings, Ltd. After Making 52-Week High?

Price Action to Note: What's Next for Validus Holdings, Ltd. After Making 52 Week High?

The stock of Validus Holdings, Ltd. (NYSE:VR) hit a new 52-week high and has $58.20 target or 6.00% above today’s $54.91 share price. The 6 months bullish chart indicates low risk for the $4.39 billion company. The 1-year high was reported on Nov, 25 by If the $58.20 price target is reached, the company will be worth $263.40M 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. The stock increased 0.94% or $0.51 during the last trading session, hitting $54.91. About 275,526 shares traded hands. Validus Holdings, Ltd. (NYSE:VR) has risen 19.60% since April 22, 2016 and is uptrending. It has outperformed by 14.20% the S&P500.

Analysts await Validus Holdings, Ltd. (NYSE:VR) to report earnings on January, 26. They expect $0.78 earnings per share, down 37.10% or $0.46 from last year’s $1.24 per share. VR’s profit will be $62.36 million for 17.60 P/E if the $0.78 EPS becomes a reality. After $1.02 actual earnings per share reported by Validus Holdings, Ltd. for the previous quarter, Wall Street now forecasts -23.53% negative 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. On Friday, September 23 the stock rating was downgraded by UBS to “Neutral”. The company was upgraded on Monday, May 2 by Bank of America. JP Morgan initiated the shares of VR in a report on Tuesday, June 28 with “Overweight” rating.

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 0.83 in Q2 2016. Its down 0.12, from 0.95 in 2016Q1. The ratio worsened, 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.
Retail Bank Of Montreal Can last reported 317,561 shares in the company. Citigroup has invested 0.01% of its portfolio in Validus Holdings, Ltd. (NYSE:VR). Moreover, Commonwealth Fincl Bank Of has 0.01% invested in Validus Holdings, Ltd. (NYSE:VR) for 18,863 shares. Blackrock Ltd Liability Co holds 0% or 36,846 shares in its portfolio. Price T Rowe Associates Md reported 26,840 shares or 0% of all its holdings. Renaissance Technology Limited Liability Company holds 0.02% or 166,469 shares in its portfolio. Geode Cap Mgmt Ltd holds 0.01% or 520,009 shares in its portfolio. Macquarie last reported 0.11% of its portfolio in the stock. The Colorado-based Denver Inv Advsr Ltd Liability Corporation has invested 0.08% in Validus Holdings, Ltd. (NYSE:VR). Putnam Investments Ltd Com has 186,372 shares for 0.02% of their US portfolio. Guardian Ltd Partnership holds 0.15% or 186,451 shares in its portfolio. Moreover, Lsv Asset Management has 0.41% invested in Validus Holdings, Ltd. (NYSE:VR) for 4.17M shares. M&R Capital Mgmt has 0.03% invested in the company for 2,150 shares. The New York-based Alliancebernstein Lp has invested 0.14% in Validus Holdings, Ltd. (NYSE:VR). Bluemar Capital Management Llc has invested 2.97% of its portfolio in Validus Holdings, Ltd. (NYSE:VR).

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 6 insider sales for $4.32 million net activity. 54,872 Validus Holdings, Ltd. (NYSE:VR) shares with value of $2.71 million were sold by Greenberg Jeffrey W.. Salam Romel had sold 12,481 shares worth $640,525. Another trade for 9,300 shares valued at $461,280 was sold by Carpenter Michael E.A.. On Monday, October 17 Driscoll Kean sold $214,690 worth of the stock or 4,151 shares. The insider Boisvert Patrick sold $72,000.

More important recent Validus Holdings, Ltd. (NYSE:VR) news were published by: which released: “Validus Holdings, Ltd. Announces Quarterly Dividends on Common and Preferred …” on November 16, 2016, also published article titled: “Validus Holdings, Ltd. Announces Pricing of $150 Million Offering of …”, published: “Validus Holdings, Ltd. Announces $2.4 Billion of AlphaCat Assets under …” on January 12, 2016. More interesting news about Validus Holdings, Ltd. (NYSE:VR) was released by: and their article: “Validus Holdings, Ltd. Announces Senior Management Appointments at Talbot …” with publication date: November 19, 2015.

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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