Cipher Capital Lp buys $7.2 Million stake in Validus Holdings Ltd. (VR)

Validus Holdings Ltd. (VR) : Cipher Capital Lp scooped up 31,529 additional shares in Validus Holdings Ltd. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 152,003 shares of Validus Holdings Ltd. which is valued at $7.2 Million.Validus Holdings Ltd. makes up approximately 0.69% of Cipher Capital Lp’s portfolio.

Other Hedge Funds, Including , Penserra Capital Management reduced its stake in VR by selling 11 shares or 7.43% in the most recent quarter. The Hedge Fund company now holds 137 shares of VR which is valued at $6,516. Nine Chapters Capital Management sold out all of its stake in VR during the most recent quarter. The investment firm sold 8,200 shares of VR which is valued $389,992. C V Starr Co Inc added VR to its portfolio by purchasing 40,001 company shares during the most recent quarter which is valued at $1.9 Million. Validus Holdings Ltd. makes up approx 10.75% of C V Starr Co Inc’s portfolio.Renaissance Group reduced its stake in VR by selling 12,413 shares or 3.83% in the most recent quarter. The Hedge Fund company now holds 311,791 shares of VR which is valued at $14.7 Million. Validus Holdings Ltd. makes up approx 0.61% of Renaissance Group’s portfolio.

Validus Holdings Ltd. opened for trading at $47.31 and hit $47.81 on the upside on Monday, eventually ending the session at $47.6, with a gain of 0.08% or 0.04 points. The heightened volatility saw the trading volume jump to 2,77,671 shares. Company has a market cap of $3,881 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.

Investors should note that on May 5, 2016, Validus Holdings Ltd. announced a cash dividend of $0.3500. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.

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.

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