Validus Reaches New 52-Week High (VR)

NEW YORK ( TheStreet) -- Validus Holdings (NYSE: VR) hit a new 52-week high Friday as it is currently trading at $33.14, above its previous 52-week high of $33.06 with 282,301 shares traded as of 11:15 a.m. ET. Average volume has been 775,100 shares over the past 30 days.

Validus has a market cap of $3.25 billion and is part of the financial sector and insurance industry. Shares are up 3.9% year to date as of the close of trading on Thursday.

Validus Holdings, Ltd., through its subsidiaries, provides reinsurance and insurance coverage in the property, marine, and specialty lines markets worldwide. The company has a P/E ratio of 10.6, below the average insurance industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Validus as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Validus Ratings Report.

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