Validus Holdings, Ltd. (NYSE:VR) Director Michael E.A. Carpenter sold 10,000 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $67.70, for a total transaction of $677,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Validus Holdings, Ltd. (NYSE VR) traded up $0.14 during midday trading on Wednesday, reaching $67.50. 585,338 shares of the company’s stock traded hands, compared to its average volume of 2,183,803. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 0.90. Validus Holdings, Ltd. has a 1 year low of $41.15 and a 1 year high of $67.79. The firm has a market cap of $5,370.34, a PE ratio of -78.49, a P/E/G ratio of 1.79 and a beta of 1.02.
Validus (NYSE:VR) last announced its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($1.00). Validus had a negative net margin of 1.70% and a negative return on equity of 1.85%. The business had revenue of $346.88 million during the quarter, compared to analyst estimates of $352.00 million. During the same quarter last year, the company posted $0.80 earnings per share. The company’s revenue was up 16.1% compared to the same quarter last year. analysts expect that Validus Holdings, Ltd. will post 4.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, March 14th. Validus’s dividend payout ratio (DPR) is currently -176.74%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB acquired a new stake in shares of Validus during the fourth quarter worth $318,000. Delek Group Ltd. acquired a new stake in shares of Validus during the fourth quarter worth $7,963,000. Vident Investment Advisory LLC acquired a new stake in shares of Validus during the fourth quarter worth $232,000. Laurel Wealth Advisors Inc. increased its position in shares of Validus by 13.2% during the fourth quarter. Laurel Wealth Advisors Inc. now owns 10,671 shares of the insurance provider’s stock worth $500,000 after buying an additional 1,241 shares during the period. Finally, Zeke Capital Advisors LLC acquired a new stake in shares of Validus during the fourth quarter worth $566,000. Hedge funds and other institutional investors own 98.97% of the company’s stock.
Several equities analysts recently commented on VR shares. Barclays reissued a “hold” rating and issued a $50.00 price objective on shares of Validus in a research note on Tuesday, January 9th. Zacks Investment Research reissued a “strong sell” rating on shares of Validus in a research note on Saturday, January 6th. JMP Securities cut shares of Validus from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 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, Buckingham Research cut shares of Validus from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $52.80.
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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