Validus Holdings, Ltd. (VR) Director Jeffrey W. Greenberg Sells 203,196 Shares
Validus Holdings, Ltd. (NYSE:VR) Director Jeffrey W. Greenberg sold 203,196 shares of the business’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $57.40, for a total value of $11,663,450.40. Following the sale, the director now owns 3,027 shares in the company, valued at approximately $173,749.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Validus Holdings, Ltd. (NYSE:VR) traded up 0.40% during midday trading on Thursday, hitting $58.40. The stock had a trading volume of 137,379 shares. Validus Holdings, Ltd. has a one year low of $43.67 and a one year high of $58.76. The stock has a market cap of $4.62 billion, a PE ratio of 13.39 and a beta of 0.57. The firm has a 50 day moving average price of $56.75 and a 200 day moving average price of $52.91.
Validus Holdings (NYSE:VR) last issued its earnings results on Thursday, February 2nd. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.06. Validus Holdings had a return on equity of 8.09% and a net margin of 14.97%. The business had revenue of $298.82 million for the quarter, compared to analyst estimates of $301.35 million. During the same quarter last year, the company earned $1.24 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts forecast that Validus Holdings, Ltd. will post $4.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, March 13th. This is a positive change from Validus Holdings’s previous quarterly dividend of $0.35. Validus Holdings’s dividend payout ratio (DPR) is 32.33%.
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Several large investors have recently modified their holdings of VR. Parallel Advisors LLC acquired a new stake in shares of Validus Holdings during the fourth quarter valued at $203,000. Sciencast Management LP acquired a new stake in shares of Validus Holdings during the fourth quarter valued at $204,000. KBC Group NV raised its stake in shares of Validus Holdings by 61.2% in the third quarter. KBC Group NV now owns 3,722 shares of the company’s stock valued at $185,000 after buying an additional 1,413 shares during the period. Trexquant Investment LP acquired a new stake in shares of Validus Holdings during the fourth quarter valued at $209,000. Finally, Brinker Capital Inc. acquired a new stake in shares of Validus Holdings during the third quarter valued at $202,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on VR. Zacks Investment Research lowered Validus Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Deutsche Bank AG lowered Validus Holdings from a “buy” rating to a “hold” rating and boosted their price target for the stock from $55.00 to $56.00 in a research note on Monday, February 6th. They noted that the move was a valuation call. Finally, JMP Securities boosted their price target on Validus Holdings from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, January 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.75.
Validus Holdings Company Profile
Validus Holdings, Ltd. is a holding company. The Company conducts its operations through four operating segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. AlphaCat is an investment advisor managing capital from third parties and the Company in insurance linked securities and other investments in the property catastrophe reinsurance space.
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