Validus Holdings, Ltd. (NYSE:VR) CEO Lixin Zeng sold 26,136 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $52.10, for a total value of $1,361,685.60. Following the transaction, the chief executive officer now directly owns 57,855 shares in the company, valued at approximately $3,014,245.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Validus Holdings, Ltd. (VR) opened at $50.86 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.44.
Validus Holdings (NYSE:VR) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.30) by $0.08. The business had revenue of $407.00 million for the quarter, compared to the consensus estimate of $453.04 million. Validus Holdings had a negative return on equity of 0.47% and a negative net margin of 1.38%. The business’s revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. equities analysts anticipate that Validus Holdings, Ltd. will post -0.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Thursday, December 14th. Validus Holdings’s dividend payout ratio (DPR) is -233.84%.
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A number of research firms have commented on VR. UBS Group AG (USA) increased their target price on Validus Holdings from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. BidaskClub downgraded Validus Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research downgraded Validus Holdings from a “hold” rating to a “strong sell” rating in a report on Thursday, September 28th. Keefe, Bruyette & Woods set a $55.00 target price on Validus Holdings and gave the stock a “hold” rating in a report on Thursday, August 17th. Finally, ValuEngine downgraded Validus Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Validus Holdings currently has a consensus rating of “Hold” and a consensus target price of $54.83.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA lifted its holdings in shares of Validus Holdings by 3.4% in the 2nd quarter. Federated Investors Inc. PA now owns 186,103 shares of the insurance provider’s stock worth $9,672,000 after purchasing an additional 6,081 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Validus Holdings by 183.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,655,977 shares of the insurance provider’s stock worth $86,061,000 after purchasing an additional 1,072,405 shares during the last quarter. Airain ltd bought a new stake in shares of Validus Holdings in the 2nd quarter worth approximately $1,437,000. Century Capital Management LLC bought a new stake in Validus Holdings during the 2nd quarter valued at $3,043,000. Finally, BlackRock Inc. raised its stake in Validus Holdings by 2,898.5% during the 1st quarter. BlackRock Inc. now owns 3,235,863 shares of the insurance provider’s stock valued at $182,471,000 after acquiring an additional 3,127,947 shares in the last quarter. 94.64% of the stock is currently owned by institutional investors and hedge funds.
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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