The stock of Validus Holdings, Ltd. (NYSE:VR) reached all time high today, Nov, 25 and still has $56.56 target or 3.00% above today’s $54.91 share price. This indicates more upside for the $4.39B company. This technical setup was reported by Barchart.com. If the $56.56 PT is reached, the company will be worth $131.70 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.90% or $0.49 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 EPS, 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 EPS 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. UBS downgraded Validus Holdings, Ltd. (NYSE:VR) rating on Friday, September 23. UBS has “Neutral” rating and $50 price target. The stock of Validus Holdings, Ltd. (NYSE:VR) earned “Overweight” rating by JP Morgan on Tuesday, June 28. The rating was upgraded by Bank of America on Monday, May 2 to “Neutral”.
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 2016 Q2. 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.
C V Starr Com accumulated 40,001 shares or 9.43% of the stock. The Korea-based Mirae Asset Glob Ltd has invested 0.05% in Validus Holdings, Ltd. (NYSE:VR). Boston Ptnrs owns 1.34 million shares or 0.09% of their US portfolio. Endeavour Cap Advsr Inc holds 0.19% of its portfolio in Validus Holdings, Ltd. (NYSE:VR) for 51,265 shares. Rs Mngmt Lc has 0.42% invested in the company for 848,023 shares. National Bank Of America De, a North Carolina-based fund reported 1.58M shares. Moreover, Blackrock has 0% invested in Validus Holdings, Ltd. (NYSE:VR) for 38,772 shares. Pacad Inv Ltd has invested 0.05% of its portfolio in Validus Holdings, Ltd. (NYSE:VR). Deutsche Bank Ag holds 0% of its portfolio in Validus Holdings, Ltd. (NYSE:VR) for 145,339 shares. Royal Bancshares Of Canada owns 466,039 shares or 0.01% of their US portfolio. Ig Invest Mngmt last reported 13,412 shares in the company. Moreover, Proshare Advsrs Limited Liability has 0.01% invested in Validus Holdings, Ltd. (NYSE:VR) for 11,545 shares. The Massachusetts-based Fmr Ltd Liability Corporation has invested 0.01% in Validus Holdings, Ltd. (NYSE:VR). Raymond James Na has invested 0.02% of its portfolio in Validus Holdings, Ltd. (NYSE:VR). Dimensional Fund Ltd Partnership last reported 0.06% of its portfolio in the stock.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 6 sales for $4.32 million net activity. The insider Driscoll Kean sold $220,875. Salam Romel sold $640,525 worth of stock or 12,481 shares. Greenberg Jeffrey W. had sold 54,872 shares worth $2.71 million. On Tuesday, September 20 the insider Carpenter Michael E.A. sold $461,280. Boisvert Patrick also sold $72,000 worth of Validus Holdings, Ltd. (NYSE:VR) shares.
More recent Validus Holdings, Ltd. (NYSE:VR) news were published by: Businesswire.com which released: “Validus Holdings, Ltd. Announces Quarterly Dividends on Common and Preferred …” on November 16, 2016. Also Businesswire.com published the news titled: “Validus Holdings, Ltd. Announces Pricing of $150 Million Offering of …” on June 06, 2016. Businesswire.com‘s news article titled: “Validus Holdings, Ltd. Announces $2.4 Billion of AlphaCat Assets under …” with publication date: January 12, 2016 was also an interesting one.
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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