Validus Holdings, Ltd. (NYSE:VR) President Kean Driscoll sold 6,875 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $67.43, for a total transaction of $463,581.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Kean Driscoll also recently made the following trade(s):
- On Tuesday, January 16th, Kean Driscoll sold 6,875 shares of Validus stock. The stock was sold at an average price of $46.78, for a total transaction of $321,612.50.
- On Friday, December 15th, Kean Driscoll sold 6,875 shares of Validus stock. The stock was sold at an average price of $46.16, for a total transaction of $317,350.00.
Validus Holdings, Ltd. (NYSE:VR) traded up $0.15 during mid-day trading on Friday, hitting $67.60. 578,057 shares of the company were exchanged, compared to its average volume of 3,070,000. 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, Ltd. has a 12-month low of $41.15 and a 12-month high of $67.73. The stock has a market capitalization of $5,370.00, a price-to-earnings ratio of -78.60, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05.
Validus (NYSE:VR) last released its earnings results on Thursday, February 1st. The insurance provider reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($1.00). Validus had a negative return on equity of 1.79% and a negative net margin of 1.70%. The firm had revenue of $346.88 million for the quarter, compared to analysts’ expectations of $352.00 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. sell-side analysts forecast that Validus Holdings, Ltd. will post 4.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.25%. Validus’s payout ratio is -176.74%.
Several analysts have recently issued reports on the stock. Buckingham Research cut shares of Validus from a “buy” rating to a “neutral” rating in a research report on Tuesday. JMP Securities cut shares of Validus from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. UBS Group increased their price target on shares of Validus from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Keefe, Bruyette & Woods cut shares of Validus from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Finally, ValuEngine raised shares of Validus from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $52.80.
Several hedge funds have recently added to or reduced their stakes in VR. Boston Partners increased its stake in shares of Validus by 1,009.9% during the fourth quarter. Boston Partners now owns 4,279,398 shares of the insurance provider’s stock worth $200,789,000 after buying an additional 3,893,816 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Validus in the third quarter valued at approximately $78,510,000. Victory Capital Management Inc. increased its stake in Validus by 73.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,985,484 shares of the insurance provider’s stock valued at $93,159,000 after purchasing an additional 837,887 shares during the last quarter. Pzena Investment Management LLC increased its stake in Validus by 87.2% in the fourth quarter. Pzena Investment Management LLC now owns 1,290,251 shares of the insurance provider’s stock valued at $60,539,000 after purchasing an additional 601,187 shares during the last quarter. Finally, State Treasurer State of Michigan increased its stake in Validus by 11.4% in the third quarter. State Treasurer State of Michigan now owns 3,798,643 shares of the insurance provider’s stock valued at $186,931,000 after purchasing an additional 390,000 shares during the last quarter. Hedge funds and other institutional investors own 95.50% of the company’s stock.
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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.
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