Cornerstone Capital Lowers stake in Validus Holdings Ltd. (VR)

Validus Holdings Ltd. (VR) : Cornerstone Capital reduced its stake in Validus Holdings Ltd. by 0.3% during the most recent quarter end. The investment management company now holds a total of 325,643 shares of Validus Holdings Ltd. which is valued at $15.5 Million after selling 988 shares in Validus Holdings Ltd. , the firm said in a disclosure report filed with the SEC on May 12, 2016.Validus Holdings Ltd. makes up approximately 3.44% of Cornerstone Capital’s portfolio.

Other Hedge Funds, Including , Numeric Investors boosted its stake in VR in the latest quarter, The investment management firm added 36,400 additional shares and now holds a total of 959,700 shares of Validus Holdings Ltd. which is valued at $45.3 Million. Validus Holdings Ltd. makes up approx 0.49% of Numeric Investors’s portfolio.American Century Companies Inc reduced its stake in VR by selling 60,774 shares or 12.38% in the most recent quarter. The Hedge Fund company now holds 430,314 shares of VR which is valued at $20.3 Million. Validus Holdings Ltd. makes up approx 0.02% of American Century Companies Inc’s portfolio. Nisa Investment Advisors L.l.c. added VR to its portfolio by purchasing 3,950 company shares during the most recent quarter which is valued at $182,056. Security National Trust Co sold out all of its stake in VR during the most recent quarter. The investment firm sold 27 shares of VR which is valued $1,244.

Validus Holdings Ltd. opened for trading at $47.46 and hit $48.195 on the upside on Friday, eventually ending the session at $47.96, with a gain of 0.95% or 0.45 points. The heightened volatility saw the trading volume jump to 3,95,703 shares. Company has a market cap of $3,911 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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