Validus Holdings Ltd. (VR) Director Sells $2,714,517.84 in Stock
Validus Holdings Ltd. (NYSE:VR) Director Jeffrey W. Greenberg sold 54,872 shares of the stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $49.47, for a total transaction of $2,714,517.84. Following the completion of the sale, the director now directly owns 3,027 shares in the company, valued at $149,745.69. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Validus Holdings Ltd. (NYSE:VR) opened at 49.46 on Wednesday. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 10.54 and a beta of 0.57. The stock’s 50 day moving average is $50.14 and its 200-day moving average is $47.92. Validus Holdings Ltd. has a 12 month low of $41.73 and a 12 month high of $51.43.
Validus Holdings (NYSE:VR) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $574.47 million for the quarter, compared to analyst estimates of $576.08 million. Validus Holdings had a return on equity of 8.93% and a net margin of 16.72%. During the same quarter in the previous year, the firm posted $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 year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.40 annualized dividend and a yield of 2.83%. Validus Holdings’s payout ratio is 29.72%.
A number of analysts recently weighed in on VR shares. JPMorgan Chase & Co. started coverage on shares of Validus Holdings in a research report on Tuesday, June 28th. They issued an “overweight” rating and a $55.00 price objective on the stock. Zacks Investment Research raised shares of Validus Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $52.25.
A number of institutional investors have recently bought and sold shares of VR. M&R Capital Management Inc. purchased a new position in Validus Holdings during the second quarter valued at $104,000. Huntington Asset Advisors Inc. purchased a new position in Validus Holdings during the first quarter valued at $162,000. IFP Advisors Inc raised 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 valued at $184,000 after buying an additional 3,675 shares during the last quarter. Trexquant Investment LP purchased a new position in Validus Holdings during the second quarter valued at $200,000. Finally, Parametrica Management Ltd purchased a new position in Validus Holdings during the second quarter valued at $228,000. Institutional investors own 93.61% of the company’s stock.
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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