UBS Downgrades Validus Holdings Ltd. to Neutral

Brokerage firm UBS Downgrades its rating on Validus Holdings Ltd.(NYSE:VR). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by UBS was issued on Sep 23, 2016.

In a different note, JP Morgan said it Initiates Coverage on Validus Holdings Ltd., according to a research note issued on Jun 28, 2016. The shares have been rated ‘Overweight’ by the firm.

Validus Holdings Ltd. (VR) made into the market gainers list on Tuesdays trading session with the shares advancing 0.12% or 0.06 points. Due to strong positive momentum, the stock ended at $49.95, which is also near the day’s high of $50.09. The stock began the session at $49.8 and the volume stood at 2,78,204 shares. The 52-week high of the shares is $51.43 and the 52 week low is $41.73. The company has a current market capitalization of $4,013 M and it has 8,03,37,635 shares in outstanding.

Validus Holdings Ltd.(VR) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $573.72M. Analysts had an estimated revenue of $579.79M. Earnings per share were $0.66. Analysts had estimated an EPS of $0.82.

Several Insider Transactions has been reported to the SEC. On Sep 20, 2016, Jeffrey W. Greenberg (director) sold 54,872 shares at $49.47 per share price.Also, On Jun 7, 2016, Patrick Boisvert (Group Chief Accounting Officer) sold 1,500 shares at $48.00 per share price.On Jun 3, 2016, Lixin Zeng (CEO AlphaCat Managers) sold 4,887 shares at $48.36 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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