Validus Holdings, Ltd. (NYSE:VR) Position Boosted by State Street Corp

Joanna Estrada
August 11, 2017

PhiloSmith Capital Corp now owns 132,570 shares of the insurance provider's stock worth $7,476,000 after buying an additional 18,000 shares in the last quarter. NN Investment Partners Holdings N.V.'s holdings in Maiden Holdings were worth $228,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc increased its position in Validus Holdings by 14.0% in the second quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the insurance provider's stock valued at $333,000 after buying an additional 100 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Validus Holdings by 12.7% in the first quarter. Parallel Advisors LLC increased its stake in shares of Validus Holdings by 19.8% in the first quarter. UBS Asset Management Americas Inc. now owns 60,165 shares of the insurance provider's stock valued at $3,393,000 after buying an additional 5,813 shares during the last quarter. Geode Capital Management LLC now owns 604,356 shares of the insurance provider's stock valued at $8,460,000 after buying an additional 21,437 shares during the last quarter. Validus Holdings has a one year low of $48.77 and a one year high of $58.76. Ifc Holdings Inc Fl reported 0.04% of its portfolio in American Electric Power Company Inc (NYSE:AEP). The company had a trading volume of 86,982 shares. Maiden Holdings has recorded a 50-day average of $11.10 and a two hundred day average of $13.29. Bluemar Capital Management Llc who had been investing in Validus Holdings Ltd for a number of months, seems to be less bullish one the $4.24 billion market cap company.

Validus Holdings (NYSE:VR) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.99 by $0.10.

Maiden Holdings, Ltd. was covered by a number of analysts recently, 1 rated the stock as Buy, 2 rated Outperform, 1 rated Hold, 0 gave an Underperform and 0 rated sell. The company had revenue of $675.27 million during the quarter, compared to analyst estimates of $922.84 million. During the same quarter in the prior year, the firm earned $0.35 EPS.

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American International Group Inc. reduced its stake in Validus Holdings, Ltd. (NYSE:VR) by 10.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). State Of Alaska Department Of Revenue accumulated 7,920 shares or 0.01% of the stock. Validus Holdings has a payout ratio of 41.9% meaning its dividend is sufficiently covered by earnings.

TRADEMARK VIOLATION NOTICE: This article was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & worldwide trademark & copyright law. Moreover, Schroder Invest Mgmt Group has 0% invested in Maiden Holdings, Ltd. (NASDAQ:MHLD) for 47,103 shares.

Several brokerages have recently commented on MHLD. Finally, Compass Point upgraded shares of Maiden Holdings from a "neutral" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Wednesday, May 10th. BidaskClub upgraded Validus Holdings from a "strong sell" rating to a "sell" rating in a research report on Wednesday, June 14th. Zacks Investment Research lowered Validus Holdings from a "buy" rating to a "hold" rating in a report on Friday, July 7th. Deutsche Bank AG raised their price objective on Validus Holdings from $56.00 to $59.00 and issued the company a "hold" recommendation in a study on Fri, Apr 28th. (NYSE:AEP), 8 have Buy rating, 0 Sell and 9 Hold. Validus Holdings has an average rating of "Hold" and an average target price of $57.00.

In other Validus Holdings news, Director Matthew J. Grayson sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 16th. Another trade for 1,000 shares valued at $53,400 was made by Boisvert Patrick on Thursday, June 1. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The YTD performance of the stock stands at -55.73 Percent. The shares were sold at an average price of $53.40, for a total value of $53,400.00.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. The disclosure for this sale can be found here. Insiders sold a total of 70,151 shares of company stock worth $3,708,012 over the last 90 days.

Maiden Holdings, Ltd. (Maiden) is a holding company. It operates through two segments: Diversified Reinsurance and AmTrust Reinsurance. Validus Re concentrates on first-party property and other reinsurance risks.

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