Validus Holdings Ltd. (VR) CEO Sells $214,689.72 in Stock
Validus Holdings Ltd. (NYSE:VR) CEO Kean Driscoll sold 4,151 shares of Validus Holdings stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $51.72, for a total value of $214,689.72. Following the transaction, the chief executive officer now owns 133,898 shares of the company’s stock, valued at approximately $6,925,204.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Validus Holdings Ltd. (NYSE:VR) traded down 0.29% during trading on Tuesday, hitting $51.57. The company had a trading volume of 274,698 shares. The stock’s 50-day moving average is $50.44 and its 200 day moving average is $48.49. The firm has a market capitalization of $4.14 billion, a P/E ratio of 10.99 and a beta of 0.59. Validus Holdings Ltd. has a 52-week low of $41.73 and a 52-week high of $52.39.
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 company had revenue of $574.47 million for the quarter, compared to the consensus estimate of $576.08 million. During the same period in the prior year, the company earned $1.16 EPS. Equities research analysts predict that Validus Holdings Ltd. will post $4.04 earnings per share for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/validus-holdings-ltd-vr-ceo-sells-214689-72-in-stock.html
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Tuesday, September 13th. Validus Holdings’s dividend payout ratio is currently 29.72%.
A number of equities analysts have weighed in on VR shares. Zacks Investment Research upgraded Validus Holdings from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Saturday. JPMorgan Chase & Co. started coverage on Validus Holdings in a research note on Tuesday, June 28th. They set an “overweight” rating and a $55.00 price objective for the company.
Large investors have recently modified their holdings of the company. James Investment Research Inc. raised its stake in shares of Validus Holdings by 0.6% in the second quarter. James Investment Research Inc. now owns 9,656 shares of the company’s stock worth $469,000 after buying an additional 53 shares in the last quarter. Fulton Bank N.A. raised its position in shares of Validus Holdings by 1.5% in the second quarter. Fulton Bank N.A. now owns 10,013 shares of the company’s stock valued at $486,000 after buying an additional 147 shares during the period. Raymond James Trust N.A. raised its position in shares of Validus Holdings by 3.3% in the second quarter. Raymond James Trust N.A. now owns 5,186 shares of the company’s stock valued at $252,000 after buying an additional 166 shares during the period. Gerstein Fisher raised its position in shares of Validus Holdings by 0.3% in the second quarter. Gerstein Fisher now owns 70,311 shares of the company’s stock valued at $3,416,000 after buying an additional 239 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Validus Holdings by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 8,567 shares of the company’s stock valued at $416,000 after buying an additional 594 shares during the period. 93.60% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Validus Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Validus Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.