Insider Selling: Kean Driscoll Unloads 3,276 Shares of Validus Holdings Stock (VR)
Validus Holdings (NYSE:VR) CEO Kean Driscoll sold 3,276 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $38.53, for a total transaction of $126,224.28. Following the completion of the sale, the chief executive officer now directly owns 148,981 shares of the company’s stock, valued at approximately $5,740,238. 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 0.10% during mid-day trading on Wednesday, hitting $38.39. The stock had a trading volume of 21,622 shares. Validus Holdings has a 52-week low of $34.10 and a 52-week high of $40.71. The stock’s 50-day moving average is $37.94 and its 200-day moving average is $37.31. The company has a market cap of $3.494 billion and a price-to-earnings ratio of 6.40.
Validus Holdings (NYSE:VR) last posted its quarterly earnings results 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. On average, analysts predict that Validus Holdings will post $4.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders 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 3.12%. The ex-dividend date is Thursday, September 11th.
A number of research firms have recently commented on VR. 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, 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.