Validus Holdings, Ltd. (NYSE:VR) CEO Lixin Zeng sold 26,136 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $52.10, for a total transaction of $1,361,685.60. Following the completion of the sale, the chief executive officer now owns 57,855 shares of the company’s stock, valued at $3,014,245.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Validus Holdings (NYSE:VR) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($3.30) by $0.08. The business had revenue of $407.00 million during the quarter, compared to the consensus estimate of $453.04 million. Validus Holdings had a negative net margin of 1.38% and a negative return on equity of 0.47%. The business’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 EPS.

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VR has been the subject of a number of research analyst reports. UBS AG raised their price target on shares of Validus Holdings from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday. Bank of America Corporation raised shares of Validus Holdings from a “neutral” rating to a “buy” rating in a report on Monday. ValuEngine raised shares of Validus Holdings from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Barclays PLC decreased their price target on shares of Validus Holdings from $57.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, October 16th. Finally, TheStreet cut shares of Validus Holdings from a “b” rating to a “c+” rating in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Validus Holdings presently has an average rating of “Hold” and an average price target of $54.83.

A number of hedge funds and other institutional investors have recently modified their holdings of VR. BlackRock Inc. grew its stake in Validus Holdings by 2,898.5% in the 1st quarter. BlackRock Inc. now owns 3,235,863 shares of the insurance provider’s stock valued at $182,471,000 after acquiring an additional 3,127,947 shares during the last quarter. Principal Financial Group Inc. grew its stake in Validus Holdings by 183.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,655,977 shares of the insurance provider’s stock valued at $86,061,000 after acquiring an additional 1,072,405 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in Validus Holdings by 84.0% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,783,406 shares of the insurance provider’s stock valued at $92,684,000 after acquiring an additional 814,080 shares during the last quarter. Renaissance Technologies LLC grew its stake in Validus Holdings by 197.3% in the 2nd quarter. Renaissance Technologies LLC now owns 950,569 shares of the insurance provider’s stock valued at $49,401,000 after acquiring an additional 630,835 shares during the last quarter. Finally, State Treasurer State of Michigan grew its stake in Validus Holdings by 11.4% in the 3rd quarter. State Treasurer State of Michigan now owns 3,798,643 shares of the insurance provider’s stock valued at $186,931,000 after acquiring an additional 390,000 shares during the last quarter. 94.64% 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 operates through four segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. Validus Re concentrates on first-party property and other reinsurance risks. Talbot is a specialty insurance segment operating within the Lloyd’s insurance market through Syndicate 1183.

Insider Buying and Selling by Quarter for Validus Holdings (NYSE:VR)

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