Jean-Marie Nessi Sells 4,883 Shares of Validus Holdings Ltd. (VR) Stock
Validus Holdings Ltd. (NYSE:VR) Director Jean-Marie Nessi sold 4,883 shares of the stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $54.93, for a total transaction of $268,223.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Validus Holdings Ltd. (NYSE:VR) opened at 55.11 on Wednesday. The company has a market capitalization of $4.37 billion, a P/E ratio of 10.94 and a beta of 0.52. Validus Holdings Ltd. has a 52 week low of $41.73 and a 52 week high of $55.40. The firm has a 50-day moving average of $52.01 and a 200-day moving average of $49.72.
Validus Holdings (NYSE:VR) last announced its earnings results on Thursday, October 27th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.21. Validus Holdings had a net margin of 17.54% and a return on equity of 9.27%. The firm had revenue of $327.40 million for the quarter, compared to the consensus estimate of $593.74 million. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts anticipate that Validus Holdings Ltd. will post $3.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.54%. The ex-dividend date is Tuesday, December 13th. Validus Holdings’s payout ratio is currently 27.78%.
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A number of large investors have recently made changes to their positions in VR. Renaissance Technologies LLC increased its stake in shares of Validus Holdings by 3,577.0% in the first quarter. Renaissance Technologies LLC now owns 261,069 shares of the company’s stock valued at $12,320,000 after buying an additional 253,969 shares during the last quarter. A.R.T. Advisors LLC increased its stake in shares of Validus Holdings by 17.5% in the first quarter. A.R.T. Advisors LLC now owns 16,131 shares of the company’s stock valued at $761,000 after buying an additional 2,400 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in shares of Validus Holdings by 16.3% in the first quarter. BlueMountain Capital Management LLC now owns 20,532 shares of the company’s stock valued at $969,000 after buying an additional 2,879 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of Validus Holdings by 1.5% in the second quarter. Fulton Bank N.A. now owns 10,013 shares of the company’s stock valued at $486,000 after buying an additional 147 shares during the last quarter. Finally, Raymond James Trust N.A. increased its stake in shares of Validus Holdings by 3.3% in the second quarter. Raymond James Trust N.A. now owns 5,186 shares of the company’s stock valued at $252,000 after buying an additional 166 shares during the last quarter. 90.57% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded shares of Validus Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th.
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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