Validus Holdings Ltd. (NYSE:VR) Director Jean-Marie Nessi sold 4,883 shares of the stock in a transaction on Friday, November 25th. The stock was sold at an average price of $54.93, for a total transaction of $268,223.19. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Validus Holdings Ltd. (NYSE:VR) opened at 54.83 on Tuesday. The firm has a market cap of $4.35 billion, a P/E ratio of 10.88 and a beta of 0.52. Validus Holdings Ltd. has a 12-month low of $41.73 and a 12-month high of $55.19. The firm’s 50-day moving average is $52.01 and its 200 day moving average is $49.72.
Validus Holdings (NYSE:VR) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.81 by $0.21. The firm had revenue of $327.40 million for the quarter, compared to the consensus estimate of $593.74 million. Validus Holdings had a net margin of 17.54% and a return on equity of 9.27%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. Equities analysts forecast that Validus Holdings Ltd. will post $3.88 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders 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 dividend yield of 2.55%. The ex-dividend date is Tuesday, December 13th. Validus Holdings’s dividend payout ratio (DPR) is presently 27.78%.
Several hedge funds and other institutional investors have recently bought and sold shares of VR. Victory Capital Management Inc. purchased a new position in shares of Validus Holdings during the third quarter valued at approximately $67,328,000. Massachusetts Financial Services Co. MA increased its position in shares of Validus Holdings by 16.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,352,930 shares of the company’s stock valued at $211,509,000 after buying an additional 626,711 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Validus Holdings during the second quarter valued at approximately $15,431,000. Emerald Acquisition Ltd. purchased a new position in shares of Validus Holdings during the second quarter valued at approximately $14,045,000. Finally, Renaissance Technologies LLC increased its position 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. 90.57% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised shares of Validus Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th.
Validus Holdings Company Profile