Validus Holdings Ltd. (NYSE:VR) Director Jeffrey W. Greenberg sold 54,872 shares of Validus Holdings stock in a transaction on Friday, September 16th. The stock was sold at an average price of $49.47, for a total transaction of $2,714,517.84. Following the transaction, the director now directly owns 3,027 shares in the company, valued at $149,745.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Validus Holdings Ltd. (NYSE:VR) opened at 50.98 on Friday. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 10.86 and a beta of 0.57. Validus Holdings Ltd. has a one year low of $41.73 and a one year high of $51.43. The company’s 50 day moving average is $50.21 and its 200-day moving average is $47.96.
Validus Holdings (NYSE:VR) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by $0.09. The company had revenue of $574.47 million for the quarter, compared to analyst estimates of $576.08 million. Validus Holdings had a return on equity of 8.93% and a net margin of 16.72%. During the same quarter in the prior year, the company earned $1.16 earnings per share. Equities analysts expect that Validus Holdings Ltd. will post $4.00 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.75%. The ex-dividend date is Tuesday, September 13th. Validus Holdings’s dividend payout ratio (DPR) is currently 29.72%.
A number of institutional investors have recently made changes to their positions in VR. M&R Capital Management Inc. acquired a new position in shares of Validus Holdings during the second quarter valued at about $104,000. Huntington Asset Advisors Inc. acquired a new position in shares of Validus Holdings during the first quarter valued at about $162,000. IFP Advisors Inc boosted its position in shares of Validus Holdings by 1,717.3% in the first quarter. IFP Advisors Inc now owns 3,889 shares of the company’s stock valued at $184,000 after buying an additional 3,675 shares during the period. Trexquant Investment LP acquired a new position in shares of Validus Holdings during the second quarter valued at about $200,000. Finally, Pacad Investment Ltd. acquired a new position in shares of Validus Holdings during the first quarter valued at about $227,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.
VR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Validus Holdings in a research report on Tuesday, June 28th. They set an “overweight” rating and a $55.00 price target on the stock. Zacks Investment Research cut shares of Validus Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.25.
About Validus Holdings
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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