Validus Holdings Ltd (VR): Lixin Zeng , CEO AlphaCat Managers of Validus Holdings Ltd sold 4,887 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $48.36 per share for a total value of $236,335.31 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Andrew E. Kudera (EVP, Chief Actuary) sold 10,000 shares at $46.72 per share price.On Apr 7, 2016, Jeffrey W. Greenberg (director) sold 174,514 shares at $46.41 per share price.Also, On Apr 7, 2016, Christopher E Watson (director) sold 381 shares at $46.41 per share price.On Mar 24, 2016, Michael E.a. Carpenter (director) sold 3,118 shares at $46.83 per share price.
Shares of Validus Holdings Ltd. (VR) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.31 points or -0.64% at $47.94 with 3,00,127 shares getting traded. Post opening the session at $47.95, the shares hit an intraday low of $47.71 and an intraday high of $48.32 and the price vacillated in this range throughout the day. The company has a market cap of $3,909 M and the number of outstanding shares has been calculated to be 8,15,41,202 shares. The 52-week high of Validus Holdings Ltd. is $48.77 and the 52-week low is $41.73.
On May 5, 2016, Validus Holdings Ltd. announced a cash dividend of $0.3500. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.
Company has been under the radar of several Street Analysts.Validus Holdings Ltd. is Upgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on May 2, 2016.
Validus Holdings Ltd. is a holding company. The Company through its subsidiaries is engaged in the global insurance and reinsurance. The Company operates in four segments: Validus Re AlphaCat Talbot and Western World. Validus Re is a Bermuda-based reinsurance segment focused on short tail lines of reinsurance. AlphaCat is a Bermuda-based investment adviser managing capital from third parties and the Company in insurance linked securities and other investments in the property catastrophe reinsurance space. Talbot is a specialty insurance segment primarily operating within the Lloyd’s insurance market through Syndicate 1183. Western World is a specialty excess and surplus lines insurance segment operating within the United States commercial market.