Validus Holdings, Ltd. (VR) President Sells $464,475.00 in Stock

Validus Holdings, Ltd. (NYSE:VR) President Kean Driscoll sold 6,875 shares of the stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $67.56, for a total transaction of $464,475.00. Following the transaction, the president now owns 83,358 shares in the company, valued at $5,631,666.48. The sale was disclosed in a filing with the SEC, which is available through this link.

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

How to Become a New Pot Stock Millionaire
  • 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.

VR stock opened at $67.63 on Friday. The stock has a market cap of $5,362.41, a price-to-earnings ratio of -63.21, a PEG ratio of 1.78 and a beta of 0.99. Validus Holdings, Ltd. has a one year low of $41.15 and a one year high of $67.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.54.

Validus (NYSE:VR) last released its quarterly earnings results on Thursday, February 1st. The insurance provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($1.00). The firm had revenue of $346.88 million for the quarter, compared to analysts’ expectations of $352.00 million. Validus had a negative net margin of 1.70% and a negative return on equity of 1.85%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. analysts predict that Validus Holdings, Ltd. will post 4.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Wednesday, March 14th. Validus’s payout ratio is -142.06%.

Several brokerages have issued reports on VR. Zacks Investment Research cut shares of Validus from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Barclays reiterated a “hold” rating and set a $50.00 target price on shares of Validus in a report on Tuesday, January 9th. JMP Securities cut shares of Validus from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. Keefe, Bruyette & Woods upgraded shares of Validus from a “market perform” rating to an “outperform” rating in a report on Thursday, January 4th. Finally, Buckingham Research cut shares of Validus from a “buy” rating to a “neutral” rating in a report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Validus presently has an average rating of “Hold” and an average target price of $52.80.

Hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of Validus by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 219 shares during the last quarter. Monarch Partners Asset Management LLC raised its position in shares of Validus by 1.4% in the 4th quarter. Monarch Partners Asset Management LLC now owns 58,514 shares of the insurance provider’s stock valued at $2,745,000 after purchasing an additional 800 shares during the last quarter. Amalgamated Bank raised its position in shares of Validus by 6.1% in the 4th quarter. Amalgamated Bank now owns 14,785 shares of the insurance provider’s stock valued at $694,000 after purchasing an additional 848 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Validus by 0.7% in the 4th quarter. California State Teachers Retirement System now owns 132,121 shares of the insurance provider’s stock valued at $6,199,000 after purchasing an additional 919 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. raised its position in shares of Validus by 13.2% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 10,671 shares of the insurance provider’s stock valued at $500,000 after purchasing an additional 1,241 shares during the last quarter. 98.90% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Validus Holdings, Ltd. (VR) President Sells $464,475.00 in Stock” was first published by Week Herald and is the property of of Week Herald. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://weekherald.com/2018/04/20/validus-holdings-ltd-vr-president-sells-464475-00-in-stock.html.

Validus Company Profile

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)

Receive News & Ratings for Validus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Validus and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply