Insider Selling: Validus Holdings, Ltd. (VR) Director Sells $24,363,938.02 in Stock
Validus Holdings, Ltd. (NYSE:VR) Director Jeffrey W. Greenberg sold 424,903 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $57.34, for a total value of $24,363,938.02. Following the transaction, the director now owns 3,027 shares of the company’s stock, valued at approximately $173,568.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Validus Holdings, Ltd. (NYSE:VR) opened at 58.57 on Friday. The company has a market cap of $4.63 billion, a P/E ratio of 13.43 and a beta of 0.57. The firm has a 50-day moving average price of $56.87 and a 200-day moving average price of $52.95. Validus Holdings, Ltd. has a 12-month low of $43.67 and a 12-month high of $58.76.
Validus Holdings (NYSE:VR) last released its quarterly earnings data on Thursday, February 2nd. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.06. Validus Holdings had a return on equity of 8.09% and a net margin of 14.97%. The business had revenue of $298.82 million for the quarter, compared to the consensus estimate of $301.35 million. During the same quarter in the previous year, the company posted $1.24 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Validus Holdings, Ltd. will post $4.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be issued a $0.38 dividend. This is a boost from Validus Holdings’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.60%. Validus Holdings’s payout ratio is 32.33%.
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A number of equities analysts recently commented on VR shares. Zacks Investment Research upgraded Validus Holdings from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Friday, January 6th. Deutsche Bank AG downgraded Validus Holdings from a “buy” rating to a “hold” rating and increased their price objective for the stock from $55.00 to $56.00 in a report on Monday, February 6th. They noted that the move was a valuation call. Finally, JMP Securities increased their price objective on Validus Holdings from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, January 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $58.75.
Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of Validus Holdings by 1.8% in the third quarter. PNC Financial Services Group Inc. now owns 6,952 shares of the company’s stock worth $346,000 after buying an additional 120 shares during the period. Gerstein Fisher boosted its position in shares of Validus Holdings by 0.3% in the second quarter. Gerstein Fisher now owns 70,311 shares of the company’s stock worth $3,416,000 after buying an additional 239 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Validus Holdings by 4.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,927 shares of the company’s stock worth $436,000 after buying an additional 348 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Validus Holdings by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 9,092 shares of the company’s stock worth $452,000 after buying an additional 525 shares during the period. Finally, Regentatlantic Capital LLC boosted its position in shares of Validus Holdings by 10.6% in the third quarter. Regentatlantic Capital LLC now owns 5,599 shares of the company’s stock worth $279,000 after buying an additional 535 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.
Validus Holdings Company Profile
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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