Deutsche Bank Downgrades Validus Holdings Ltd. to Hold

Brokerage firm Deutsche Bank Downgrades its rating on Validus Holdings Ltd.(VR). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Deutsche Bank was issued on Feb 6, 2017.

Validus Holdings Ltd. (VR) made into the market gainers list on Tuesdays trading session with the shares advancing 0.67% or 0.38 points. Due to strong positive momentum, the stock ended at $57.12, which is also near the day’s high of $57.37. The stock began the session at $56.92 and the volume stood at 4,71,308 shares. The 52-week high of the shares is $58.76 and the 52 week low is $42.745. The company has a current market capitalization of $4,520 M and it has 7,91,32,252 shares in outstanding.

Validus Holdings Ltd.(VR) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $540.399M. Analysts had an estimated revenue of $588.280M. Earnings per share were $0.8. Analysts had estimated an EPS of $0.75.

Several Insider Transactions has been reported to the SEC. On Jan 18, 2017, Kean Driscoll (CEO, Validus Reinsurance, Ltd.) sold 4,151 shares at $56.72 per share price.Also, On Dec 13, 2016, Edward J. Noonan (Chairman and CEO) sold 118,662 shares at $55.04 per share price.On Nov 7, 2016, Romel Salam (EVP, Group Chief Risk Officer) sold 12,481 shares at $51.32 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.

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