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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.

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