Validus Holdings, Ltd. (VR) President Sells $317,350.00 in Stock

Validus Holdings, Ltd. (NYSE:VR) President Kean Driscoll sold 6,875 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $46.16, for a total value of $317,350.00. Following the completion of the transaction, the president now directly owns 110,858 shares in the company, valued at approximately $5,117,205.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kean Driscoll also recently made the following trade(s):

  • On Wednesday, November 15th, Kean Driscoll sold 6,875 shares of Validus stock. The shares were sold at an average price of $50.30, for a total value of $345,812.50.

Shares of Validus Holdings, Ltd. (NYSE VR) traded up $0.69 during mid-day trading on Monday, hitting $46.85. The company’s stock had a trading volume of 1,088,300 shares, compared to its average volume of 618,866. Validus Holdings, Ltd. has a 12 month low of $41.15 and a 12 month high of $58.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 0.95.

Validus (NYSE:VR) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.30) by $0.08. Validus had a negative return on equity of 0.49% and a negative net margin of 1.38%. The company had revenue of $407.00 million for the quarter, compared to analyst estimates of $453.04 million. During the same quarter last year, the company posted $1.02 earnings per share. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. analysts predict that Validus Holdings, Ltd. will post -0.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, December 14th. Validus’s dividend payout ratio is currently -233.84%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in shares of Validus by 14.0% during the second quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock worth $112,000 after buying an additional 265 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Validus during the second quarter worth about $116,000. Zions Bancorporation purchased a new position in shares of Validus during the third quarter worth about $116,000. The Manufacturers Life Insurance Company grew its holdings in shares of Validus by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock worth $124,000 after buying an additional 219 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Validus by 93.7% during the second quarter. BNP Paribas Arbitrage SA now owns 2,650 shares of the insurance provider’s stock worth $138,000 after buying an additional 1,282 shares during the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on VR shares. ValuEngine raised Validus from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Zacks Investment Research lowered Validus from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Barclays dropped their price objective on Validus from $57.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, October 16th. UBS dropped their price objective on Validus from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Monday, October 2nd. Finally, Buckingham Research started coverage on Validus in a report on Monday, September 11th. They set a “buy” rating and a $52.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $54.83.

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Validus 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 (NYSE:VR)

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