Validus Holdings CEO Kean Driscoll Sells 10,953 Shares (VR)
Validus Holdings (NYSE:VR) CEO Kean Driscoll unloaded 10,953 shares of Validus Holdings stock on the open market in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.08, for a total transaction of $428,043.24. Following the sale, the chief executive officer now directly owns 127,306 shares in the company, valued at approximately $4,975,118. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Validus Holdings (NYSE:VR) traded down 0.78% during mid-day trading on Friday, hitting $38.05. 1,064,510 shares of the company’s stock traded hands. Validus Holdings has a 52-week low of $33.40 and a 52-week high of $40.71. The stock has a 50-day moving average of $39.31 and a 200-day moving average of $37.10. The company has a market cap of $3.782 billion and a P/E ratio of 12.18.
Validus Holdings (NYSE:VR) last issued its quarterly earnings data on Friday, October 25th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.68. The company had revenue of $317.35 million for the quarter, compared to the consensus estimate of $542.46 million. During the same quarter in the previous year, the company posted $1.74 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Validus Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $42.00 price target on the stock. Analysts at Macquarie upgraded shares of Validus Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.33.
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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