Insider Selling: Validus Holdings CEO Unloads 3,276 Shares of Stock (VR)
Validus Holdings (NYSE:VR) CEO Kean Driscoll unloaded 3,276 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $38.53, for a total value of $126,224.28. Following the completion of the sale, the chief executive officer now directly owns 148,981 shares in the company, valued at approximately $5,740,238. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on VR shares. Analysts at Barclays cut their price target on shares of Validus Holdings from $40.00 to $38.00 in a research note on Friday, July 25th. They now have an “equal weight” rating on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Validus Holdings from $42.00 to $44.00 in a research note on Wednesday, June 25th.
Validus Holdings (NYSE:VR) traded up 0.23% during mid-day trading on Monday, hitting $38.63. 228,706 shares of the company’s stock traded hands. Validus Holdings has a 1-year low of $34.10 and a 1-year high of $40.71. The stock has a 50-day moving average of $37.93 and a 200-day moving average of $37.29. The company has a market cap of $3.516 billion and a P/E ratio of 6.41.
Validus Holdings (NYSE:VR) last released its earnings data on Thursday, July 24th. The company reported $1.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.46 by $0.07. The company had revenue of $605.10 million for the quarter, compared to the consensus estimate of $495.64 million. During the same quarter last year, the company posted $1.03 earnings per share. Validus Holdings’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that Validus Holdings will post $4.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Thursday, September 11th.
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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