First Mercantile Trust Co. Has $149,000 Holdings in Validus Holdings, Ltd. (VR)

First Mercantile Trust Co. lessened its stake in Validus Holdings, Ltd. (NYSE:VR) by 28.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,210 shares of the insurance provider’s stock after selling 890 shares during the period. First Mercantile Trust Co.’s holdings in Validus were worth $149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Boston Partners boosted its position in shares of Validus by 1,009.9% during the 4th quarter. Boston Partners now owns 4,279,398 shares of the insurance provider’s stock valued at $200,789,000 after purchasing an additional 3,893,816 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Validus by 42.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,266,264 shares of the insurance provider’s stock valued at $106,333,000 after purchasing an additional 670,864 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Validus by 73.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,985,484 shares of the insurance provider’s stock valued at $93,159,000 after purchasing an additional 837,887 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Validus by 87.2% during the 4th quarter. Pzena Investment Management LLC now owns 1,290,251 shares of the insurance provider’s stock valued at $60,539,000 after purchasing an additional 601,187 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Validus by 21.3% during the 4th quarter. Franklin Resources Inc. now owns 1,225,321 shares of the insurance provider’s stock valued at $57,493,000 after purchasing an additional 214,966 shares in the last quarter. Hedge funds and other institutional investors own 83.21% of the company’s stock.

Several equities research analysts recently commented on VR shares. Buckingham Research lowered Validus from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 13th. Keefe, Bruyette & Woods lowered Validus from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. JMP Securities lowered Validus from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. Finally, Zacks Investment Research lowered Validus from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Validus currently has an average rating of “Hold” and an average target price of $51.25.

In other Validus news, President Kean Driscoll sold 6,875 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $67.53, for a total value of $464,268.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael E.A. Carpenter sold 10,000 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $67.70, for a total value of $677,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,625 shares of company stock worth $2,068,363. Corporate insiders own 2.33% of the company’s stock.

Shares of Validus opened at $67.50 on Monday, Marketbeat reports. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of -63.08, a PEG ratio of 1.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97. Validus Holdings, Ltd. has a 52-week low of $41.15 and a 52-week high of $67.80.

Validus (NYSE:VR) last announced its quarterly earnings results on Tuesday, May 1st. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.56). The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.32 billion. Validus had a negative return on equity of 2.69% and a negative net margin of 5.06%. The firm’s revenue was up 46.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 EPS. equities research analysts anticipate that Validus Holdings, Ltd. will post 4.12 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 30th. Shareholders of record on Tuesday, May 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.52 annualized dividend and a yield of 2.25%. Validus’s payout ratio is currently -142.06%.

Validus Company Profile

Validus Holdings, Ltd. provides reinsurance coverage, insurance coverage, and insurance linked securities management services worldwide. It operates through three segments: Reinsurance, Insurance, and Asset Management. The Reinsurance segment underwrites property reinsurance products on a catastrophe excess of loss, per risk excess of loss and proportional basis; and aerospace and aviation, agriculture, composite, marine, technical lines, terrorism, trade credit, workers' compensation, and other specialty lines, as well as casualty and financial lines.

Institutional Ownership by Quarter for Validus (NYSE:VR)

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