Insider Selling: Validus Holdings CEO Sells 10,953 Shares of Stock (VR)
Validus Holdings (NYSE:VR) CEO Kean Driscoll unloaded 10,953 shares of Validus Holdings stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $37.18, for a total transaction of $407,232.54. Following the completion of the sale, the chief executive officer now directly owns 129,390 shares in the company, valued at approximately $4,810,720. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at TheStreet downgraded shares of Validus Holdings (NYSE:VR) to a “hold” rating in a research note to investors on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Validus Holdings has an average rating of “Buy” and an average price target of $41.00.
Shares of Validus Holdings (NYSE:VR) traded up 0.32% during mid-day trading on Friday, hitting $37.43. The stock had a trading volume of 465,643 shares. Validus Holdings has a one year low of $33.11 and a one year high of $40.06. The stock’s 50-day moving average is $35. and its 200-day moving average is $36.30. The company has a market cap of $3.736 billion and a price-to-earnings ratio of 10.95.
Validus Holdings (NYSE:VR) last announced its earnings results on Thursday, July 25th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.15. The company had revenue of $580.90 million for the quarter, compared to the consensus estimate of $539.66 million. The company’s revenue for the quarter was up 14.4% on a year-over-year basis.
Validus Holdings, Ltd. is a holding company. The Company, through its subsidiaries, provides reinsurance coverage in the property, marine and specialty lines markets and insurance coverage in the same markets.
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