Validus Holdings Ltd. (VR) is Initiated by JP Morgan to Overweight

Validus Holdings Ltd. (VR) was Initiated by JP Morgan to “Overweight”. JP Morgan advised their investors in a research report released on Jun 28, 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.

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.

Validus Holdings Ltd. closed down -1.3 points or -2.78% at $45.46 with 5,86,317 shares getting traded on Monday. Post opening the session at $46.42, the shares hit an intraday low of $45.39 and an intraday high of $46.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 7, 2016, Patrick Boisvert (Group Chief Accounting Officer) sold 1,500 shares at $48.00 per share price. According to the SEC, on Jun 3, 2016, Lixin Zeng (CEO AlphaCat Managers) sold 4,887 shares at $48.36 per share price. On May 5, 2016, Andrew E. Kudera (EVP, Chief Actuary) sold 10,000 shares at $46.72 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Validus Holdings Ltd.

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