Validus Holdings, Ltd. (NYSE:VR) President Kean Driscoll sold 6,875 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $67.29, for a total transaction of $462,618.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Monday, April 16th, Kean Driscoll sold 6,875 shares of Validus stock. The stock was sold at an average price of $67.56, for a total transaction of $464,475.00.
  • On Thursday, March 15th, Kean Driscoll sold 6,875 shares of Validus stock. The stock was sold at an average price of $67.53, for a total transaction of $464,268.75.
  • On Thursday, February 15th, Kean Driscoll sold 6,875 shares of Validus stock. The stock was sold at an average price of $67.43, for a total transaction of $463,581.25.

Shares of Validus opened at $67.50 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $5.35 billion, a P/E ratio of -63.08, a P/E/G ratio of 1.78 and a beta of 0.99. Validus Holdings, Ltd. has a fifty-two week low of $67.37 and a fifty-two week high of $67.44.

Validus (NYSE:VR) last issued its quarterly earnings results on Tuesday, May 1st. The insurance provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.56). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.32 billion. Validus had a negative net margin of 5.06% and a negative return on equity of 2.69%. The business’s revenue for the quarter was up 46.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. equities analysts predict that Validus Holdings, Ltd. will post 4.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Shareholders of record on Tuesday, May 15th will be paid a $0.38 dividend. The ex-dividend date is Monday, May 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.25%. Validus’s payout ratio is presently -142.06%.

A number of hedge funds have recently made changes to their positions in VR. Signaturefd LLC bought a new position in Validus in the first quarter valued at approximately $112,000. The Manufacturers Life Insurance Company boosted its stake in Validus by 31.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,211 shares of the insurance provider’s stock valued at $151,000 after acquiring an additional 761 shares during the last quarter. Point72 Asia Hong Kong Ltd boosted its stake in Validus by 2,281.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,405 shares of the insurance provider’s stock valued at $162,000 after acquiring an additional 2,304 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Validus by 48.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,315 shares of the insurance provider’s stock valued at $202,000 after acquiring an additional 1,410 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in Validus in the first quarter valued at approximately $209,000. 83.21% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on VR. Zacks Investment Research lowered shares of Validus from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Buckingham Research lowered shares of Validus from a “buy” rating to a “neutral” rating in a report on Tuesday, February 13th. Keefe, Bruyette & Woods lowered shares of Validus from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Finally, JMP Securities lowered shares of Validus from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Validus presently has a consensus rating of “Hold” and a consensus target price of $51.25.

About Validus

Validus Holdings, Ltd. provides reinsurance coverage, insurance coverage, and insurance linked securities management services worldwide. It operates through three segments: Reinsurance, Insurance, and Asset Management. The Reinsurance segment underwrites property reinsurance products on a catastrophe excess of loss, per risk excess of loss and proportional basis; and aerospace and aviation, agriculture, composite, marine, technical lines, terrorism, trade credit, workers' compensation, and other specialty lines, as well as casualty and financial lines.

Insider Buying and Selling by Quarter for Validus (NYSE:VR)

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