Jeffrey W. Greenberg Sells 203,196 Shares of Validus Holdings, Ltd. (VR) Stock
Validus Holdings, Ltd. (NYSE:VR) Director Jeffrey W. Greenberg sold 203,196 shares of the company’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $57.40, for a total value of $11,663,450.40. Following the completion of the transaction, the director now directly owns 3,027 shares in the company, valued at approximately $173,749.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Validus Holdings, Ltd. (NYSE:VR) opened at 58.57 on Friday. Validus Holdings, Ltd. has a 12 month low of $43.67 and a 12 month high of $58.76. The firm has a 50-day moving average price of $56.87 and a 200 day moving average price of $52.95. The company has a market cap of $4.63 billion, a P/E ratio of 13.43 and a beta of 0.57.
Validus Holdings (NYSE:VR) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $0.80 EPS for the quarter, beating the 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 company had revenue of $298.82 million for the quarter, compared to analyst estimates of $301.35 million. During the same period last year, the company earned $1.24 earnings per share. Validus Holdings’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts predict that Validus Holdings, Ltd. will post $4.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a $0.38 dividend. This is a positive change from Validus Holdings’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a yield of 2.60%. The ex-dividend date is Monday, March 13th. Validus Holdings’s dividend payout ratio (DPR) is presently 32.33%.
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Several equities analysts have commented on the company. Zacks Investment Research downgraded Validus Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 7th. JMP Securities upped their price objective on Validus Holdings from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, January 23rd. Finally, Deutsche Bank AG downgraded Validus Holdings from a “buy” rating to a “hold” rating and upped their price objective for the company from $55.00 to $56.00 in a research report on Monday, February 6th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $58.75.
A number of hedge funds have recently modified their holdings of VR. New York State Teachers Retirement System purchased a new position in Validus Holdings during the second quarter valued at $355,000. State Treasurer State of Michigan increased its position in Validus Holdings by 0.4% in the second quarter. State Treasurer State of Michigan now owns 3,408,643 shares of the company’s stock valued at $165,626,000 after buying an additional 14,743 shares during the period. Gerstein Fisher increased its position in Validus Holdings by 0.3% in the second quarter. Gerstein Fisher now owns 70,311 shares of the company’s stock valued at $3,416,000 after buying an additional 239 shares during the period. BlackRock Advisors LLC increased its position in Validus Holdings by 4.4% in the second quarter. BlackRock Advisors LLC now owns 43,745 shares of the company’s stock valued at $2,126,000 after buying an additional 1,837 shares during the period. Finally, Choate Investment Advisors purchased a new position in Validus Holdings during the second quarter valued at $236,000. 89.98% of the stock is currently owned by institutional investors.
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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