Validus Holdings, Ltd. (NYSE:VR) President Kean Driscoll sold 6,875 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $50.30, for a total transaction of $345,812.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Validus Holdings, Ltd. (VR) traded down $1.01 during trading on Thursday, hitting $49.89. 721,211 shares of the company traded hands, compared to its average volume of 608,205. Validus Holdings, Ltd. has a 52 week low of $41.15 and a 52 week high of $58.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.95.
Validus Holdings (NYSE:VR) last released its earnings results on Thursday, October 26th. The insurance provider reported ($3.22) EPS for the quarter, topping analysts’ consensus estimates of ($3.30) by $0.08. The company had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $453.04 million. Validus Holdings had a negative net margin of 1.38% and a negative return on equity of 0.49%. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.02 EPS. equities research analysts expect that Validus Holdings, Ltd. will post -0.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Thursday, December 14th. Validus Holdings’s dividend payout ratio is currently -233.84%.
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A number of research analysts have recently issued reports on the stock. BidaskClub cut shares of Validus Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. ValuEngine raised shares of Validus Holdings from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Zacks Investment Research lowered shares of Validus Holdings from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Keefe, Bruyette & Woods set a $55.00 target price on shares of Validus Holdings and gave the stock a “hold” rating in a report on Thursday, August 17th. Finally, Barclays PLC decreased their target price on shares of Validus Holdings from $57.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $54.83.
Several institutional investors and hedge funds have recently modified their holdings of VR. BlackRock Inc. raised its holdings in shares of Validus Holdings by 2,898.5% in the first 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 in the last quarter. Bank of Montreal Can raised its holdings in Validus Holdings by 1.3% in the second quarter. Bank of Montreal Can now owns 106,083 shares of the insurance provider’s stock worth $5,513,000 after purchasing an additional 1,380 shares in the last quarter. NN Investment Partners Holdings N.V. raised its holdings in Validus Holdings by 65.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 25,424 shares of the insurance provider’s stock worth $1,321,000 after purchasing an additional 10,024 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Validus Holdings by 6.9% in the second quarter. State of Alaska Department of Revenue now owns 10,810 shares of the insurance provider’s stock worth $561,000 after purchasing an additional 696 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in Validus Holdings by 8.5% in the second quarter. Sit Investment Associates Inc. now owns 27,425 shares of the insurance provider’s stock worth $1,425,000 after purchasing an additional 2,150 shares in the last quarter. 92.84% of the stock is owned by hedge funds and other institutional investors.
About Validus Holdings
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.
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