Validus Holdings Ltd. (VR) : State Treasurer State Of Michigan scooped up 14,743 additional shares in Validus Holdings Ltd. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 3,408,643 shares of Validus Holdings Ltd. which is valued at $169,682,249.Validus Holdings Ltd. makes up approximately 1.29% of State Treasurer State Of Michigan’s portfolio.
Other Hedge Funds, Including , Cadence Capital Management reduced its stake in VR by selling 1,209 shares or 10.34% in the most recent quarter. The Hedge Fund company now holds 10,480 shares of VR which is valued at $521,694. Validus Holdings Ltd. makes up approx 0.04% of Cadence Capital Management’s portfolio. Iowa State Bank added VR to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $14,490. Validus Holdings Ltd. makes up approx 0.01% of Iowa State Bank’s portfolio.
Validus Holdings Ltd. opened for trading at $49.75 and hit $50.04 on the upside on Monday, eventually ending the session at $49.97, with a gain of 0.34% or 0.17 points. The heightened volatility saw the trading volume jump to 2,78,140 shares. Company has a market cap of $4,075 M.
On the company’s financial health, Validus Holdings Ltd. reported $1.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.25. The company had revenue of $1004.90 million for the quarter, compared to analysts expectations of $993.50 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS.
Many Wall Street Analysts have commented on Validus Holdings Ltd.. Validus Holdings Ltd. was Initiated by JP Morgan to “Overweight” on Jun 28, 2016.
Validus Holdings Ltd. is a holding company. The Company through its subsidiaries is engaged in the global insurance and reinsurance. The Company operates in four segments: Validus Re AlphaCat Talbot and Western World. Validus Re is a Bermuda-based reinsurance segment focused on short tail lines of reinsurance. AlphaCat is a Bermuda-based investment adviser managing capital from third parties and the Company in insurance linked securities and other investments in the property catastrophe reinsurance space. Talbot is a specialty insurance segment primarily 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.