Validus Holdings Ltd. (VR) : C V Starr Co Inc added new position in Validus Holdings Ltd. during the most recent quarter end. The investment management firm now holds 40,001 shares of Validus Holdings Ltd. which is valued at $1,886,847 , the company said in a statement filed on May 3, 2016 with the SEC.Validus Holdings Ltd. makes up approximately 10.75% of C V Starr Co Inc’s portfolio.
Other Hedge Funds, Including , Jennison Associates boosted its stake in VR in the latest quarter, The investment management firm added 124,265 additional shares and now holds a total of 1,460,060 shares of Validus Holdings Ltd. which is valued at $68,871,030. Validus Holdings Ltd. makes up approx 0.07% of Jennison Associates’s portfolio.Ifp Advisors Inc boosted its stake in VR in the latest quarter, The investment management firm added 3,675 additional shares and now holds a total of 3,889 shares of Validus Holdings Ltd. which is valued at $183,444. Validus Holdings Ltd. makes up approx 0.01% of Ifp Advisors Inc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in VR in the latest quarter, The investment management firm added 10,764 additional shares and now holds a total of 13,104 shares of Validus Holdings Ltd. which is valued at $596,232.
Validus Holdings Ltd. closed down -0.13 points or -0.27% at $47.4 with 4,40,520 shares getting traded on Tuesday. Post opening the session at $47.75, the shares hit an intraday low of $47.28 and an intraday high of $47.87 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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 Upgraded by BofA/Merrill to ” Neutral” on May 2, 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.