Validus Holdings, Ltd. (NYSE:VR) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 19, 2016
Boasting a price of $51.30, Validus Holdings, Ltd. (NYSE:VR) traded -0.52% lower on the day. With the last stock price close up 5.73% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Validus Holdings, Ltd. has recorded a 50-day average of $50.46 and a two hundred day average of $48.52. Volume of trade was down over the average, with 353,782 shares of VR changing hands under the typical 414,114
Zacks Investment Research has downgraded Validus Holdings, Ltd. (NYSE:VR) to Hold in a statement released on 10/18/2016.
On 10/15/2016, Zacks Investment Research released a statement for Validus Holdings, Ltd. (NYSE:VR) bumped up the target price from $0.00 to $58.00 that suggested an upside of 0.12%.
With a total market value of $0, Validus Holdings, Ltd. has price-earnings ratio of 10.93 with a one year low of $41.73 and a one year high of $52.39 .
A total of 8 equity analysts have released a ratings update on VR. zero equity analysts rating the company a strong buy, four equity analysts rating the company a buy, six equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $48.50.
Brief Synopsis About Validus Holdings, Ltd. (NYSE:VR)
Validus Holdings, Ltd. is a holding company. The Company conducts its operations through four operating segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. AlphaCat is an investment advisor 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 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 Re operates primarily through approximately two reinsurance companies, including Validus Reinsurance, Ltd. and Validus Reinsurance (Switzerland) Ltd. (Validus Re Swiss). The AlphaCat segment operates through AlphaCat Managers, Ltd. that leverages the Company's underwriting and analytical expertise for third party investors.
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