Patrick Boisvert Sells 1,000 Shares of Validus Holdings, Ltd. (VR) Stock
Validus Holdings, Ltd. (NYSE:VR) insider Patrick Boisvert sold 1,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $53.40, for a total transaction of $53,400.00. Following the completion of the sale, the insider now directly owns 5,714 shares of the company’s stock, valued at approximately $305,127.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Validus Holdings, Ltd. (NYSE:VR) traded down 0.23% on Wednesday, reaching $51.49. 681,657 shares of the company’s stock traded hands. The stock has a market capitalization of $4.07 billion, a PE ratio of 14.63 and a beta of 0.57. Validus Holdings, Ltd. has a 52-week low of $45.34 and a 52-week high of $58.76. The firm’s 50-day moving average is $54.09 and its 200 day moving average is $55.71.
Validus Holdings (NYSE:VR) last posted its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.17 by $0.22. The company had revenue of $990.80 million during the quarter, compared to analyst estimates of $1.03 billion. Validus Holdings had a net margin of 14.97% and a return on equity of 8.09%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 EPS. Analysts forecast that Validus Holdings, Ltd. will post $3.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.95%. The ex-dividend date is Tuesday, June 13th. Validus Holdings’s payout ratio is presently 32.33%.
A number of equities research analysts recently weighed in on VR shares. Barclays PLC reaffirmed a “hold” rating and set a $57.00 price objective on shares of Validus Holdings in a research report on Sunday, February 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $55.00 price objective on shares of Validus Holdings in a research report on Thursday, April 27th. Zacks Investment Research downgraded shares of Validus Holdings from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 16th. Deutsche Bank AG boosted their price objective on shares of Validus Holdings from $56.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Finally, ValuEngine raised shares of Validus Holdings from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Validus Holdings presently has an average rating of “Hold” and an average price target of $58.33.
A number of large investors have recently bought and sold shares of VR. BlackRock Inc. boosted its stake in Validus Holdings by 2,898.5% in the first quarter. BlackRock Inc. now owns 3,235,863 shares of the insurance provider’s stock valued at $182,471,000 after buying an additional 3,127,947 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Validus Holdings during the first quarter valued at $54,660,000. Norges Bank bought a new stake in Validus Holdings during the fourth quarter valued at $45,554,000. Victory Capital Management Inc. boosted its stake in Validus Holdings by 33.0% in the first quarter. Victory Capital Management Inc. now owns 2,370,761 shares of the insurance provider’s stock valued at $133,687,000 after buying an additional 588,594 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Validus Holdings during the first quarter valued at $26,981,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.
About Validus Holdings
Validus Holdings, Ltd. is a holding company. The Company operates through four segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. Validus Re concentrates on first-party property and other reinsurance risks. Talbot is a specialty insurance segment operating within the Lloyd’s insurance market through Syndicate 1183.
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