Validus Holdings Ltd. (VR) Sees Unusually-High Trading Volume
Validus Holdings Ltd. (NYSE:VR) saw unusually-strong trading volume on Friday . Approximately 763,095 shares changed hands during trading, an increase of 66% from the previous session’s volume of 458,452 shares.The stock last traded at $50.72 and had previously closed at $50.65.
A number of equities research analysts have weighed in on VR shares. Zacks Investment Research upgraded Validus Holdings from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Saturday, May 7th. JPMorgan Chase & Co. started coverage on Validus Holdings in a research report on Tuesday, June 28th. They set an “overweight” rating and a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $52.25.
The company has a 50-day moving average of $49.81 and a 200-day moving average of $47.48. The company has a market cap of $4.07 billion and a PE ratio of 10.81.
Validus Holdings (NYSE:VR) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by $0.09. During the same period last year, the firm posted $1.16 earnings per share. The firm had revenue of $574.47 million for the quarter, compared to analysts’ expectations of $576.08 million. Analysts expect that Validus Holdings Ltd. will post $4.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Tuesday, September 13th.
In related news, CAO Patrick Boisvert sold 1,500 shares of the company’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $48.00, for a total value of $72,000.00. Following the completion of the transaction, the chief accounting officer now owns 2,413 shares of the company’s stock, valued at approximately $115,824. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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