) in a research report published today. J.P. Morgan has previously given Validus a Neutral rating and $29.50 price target. In the report, J.P. Morgan states, "While we believe that management has established VR as a leading specialty short-tail reinsurance and insurance platform based on sound underwriting performance as well as appropriate capital management, we believe the market has mostly reflected these factors." Shares of Validus were trading at $29.68 at the time of posting, down 0.37% from Thursday's market close.