Validus Holdings, Ltd. (NYSE:VR) President Kean Driscoll sold 6,875 shares of Validus stock in a transaction on Friday, December 15th. The shares were sold at an average price of $46.16, for a total value of $317,350.00. Following the transaction, the president now owns 110,858 shares in the company, valued at approximately $5,117,205.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, November 15th, Kean Driscoll sold 6,875 shares of Validus stock. The shares were sold at an average price of $50.30, for a total value of $345,812.50.

Validus Holdings, Ltd. (NYSE:VR) opened at $46.86 on Tuesday. Validus Holdings, Ltd. has a 52 week low of $41.15 and a 52 week high of $58.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52.

Validus (NYSE:VR) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.30) by $0.08. Validus had a negative return on equity of 0.49% and a negative net margin of 1.38%. The company had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $453.04 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. research analysts anticipate that Validus Holdings, Ltd. will post -0.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.38 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.24%. Validus’s dividend payout ratio is currently -233.84%.

Several large investors have recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its position in shares of Validus by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 6,354 shares of the insurance provider’s stock worth $330,000 after buying an additional 112 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Validus by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock worth $124,000 after buying an additional 219 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Validus by 14.0% in the second quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock worth $112,000 after buying an additional 265 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Validus by 5.5% in the second quarter. PNC Financial Services Group Inc. now owns 5,210 shares of the insurance provider’s stock worth $271,000 after buying an additional 272 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Validus by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,905 shares of the insurance provider’s stock worth $151,000 after buying an additional 278 shares during the last quarter. 96.35% of the stock is owned by institutional investors.

A number of research analysts have commented on VR shares. Bank of America upgraded Validus from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th. Buckingham Research started coverage on Validus in a research note on Monday, September 11th. They issued a “buy” rating and a $52.00 target price on the stock. ValuEngine upgraded Validus from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Validus from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, UBS lowered their target price on Validus from $57.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $54.83.

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About Validus

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.

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

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