Insider Selling: Validus Holdings Ltd. (VR) Director Sells 9,300 Shares of Stock
Validus Holdings Ltd. (NYSE:VR) Director Michael E.A. Carpenter sold 9,300 shares of the stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $49.60, for a total transaction of $461,280.00. Following the completion of the transaction, the director now directly owns 281,733 shares of the company’s stock, valued at $13,973,956.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Validus Holdings Ltd. (NYSE:VR) opened at 49.46 on Wednesday. Validus Holdings Ltd. has a one year low of $41.73 and a one year high of $51.43. The stock has a market cap of $3.97 billion, a PE ratio of 10.54 and a beta of 0.57. The firm has a 50-day moving average of $50.14 and a 200-day moving average of $47.92.
Validus Holdings (NYSE:VR) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by $0.09. Validus Holdings had a return on equity of 8.93% and a net margin of 16.72%. The business earned $574.47 million during the quarter, compared to analysts’ expectations of $576.08 million. During the same period in the previous year, the business earned $1.16 earnings per share. On average, equities research analysts expect that Validus Holdings Ltd. will post $4.00 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.83%. Validus Holdings’s payout ratio is currently 29.72%.
Several institutional investors have recently modified their holdings of VR. M&R Capital Management Inc. acquired a new position in shares of Validus Holdings during the second quarter worth approximately $104,000. Huntington Asset Advisors Inc. purchased a new position in Validus Holdings during the first quarter worth approximately $162,000. IFP Advisors Inc boosted its position in Validus Holdings by 1,717.3% in the first quarter. IFP Advisors Inc now owns 3,889 shares of the company’s stock worth $184,000 after buying an additional 3,675 shares in the last quarter. Trexquant Investment LP purchased a new position in Validus Holdings during the second quarter worth approximately $200,000. Finally, Parametrica Management Ltd purchased a new position in Validus Holdings during the second quarter worth approximately $228,000. 93.61% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Validus Holdings in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $55.00 price target for the company. Zacks Investment Research raised shares of Validus Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Validus Holdings currently has an average rating of “Buy” and a consensus price target of $52.25.
Validus Holdings Company Profile
Validus Holdings, Ltd. is a holding company. The Company conducts its operations through four operating segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. AlphaCat is an investment advisor managing capital from third parties and the Company in insurance linked securities and other investments in the property catastrophe reinsurance space.
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