A Director at Validus Holdings (NYSE: VR) is Selling SharesBy Carrie Williams
Following Jean-Marie Nessi’s last VR Sell transaction on June 02, 2016, the stock climbed by 7.3%. This is Nessi’s first Sell trade following 4 Buy transactions.
Based on Validus Holdings’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $609 million and quarterly net profit of $92.1 million. In comparison, last year the company earned revenue of $553 million and had a net profit of $65.57 million. The company has a one year high of $55.19 and a one year low of $41.73. VR’s market cap is $4.36B and the company has a P/E ratio of 10.89.
The insider sentiment on Validus Holdings has been negative according to 62 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Validus Holdings Ltd. provides reinsurance and insurance services. It operates through the following segments: Validus Re, Talbot, Western World and AlphaCat. The Validus Re segment focuses on treaty reinsurance products on a global basis. The Talbot segment focuses on a wide range of marine and energy, political lines, commercial property, financial lines, contingency, accident & health and aviation classes of business on an insurance or facultative reinsurance basis and principally property, aerospace and marine classes of business on a treaty reinsurance basis. The Western World segment focuses on providing commercial insurance products on a surplus lines and specialty admitted basis. The AlphaCat segment leverages the company’s underwriting and analytical expertise and earns management and performance fees from the company and other third party investors primarily through the AlphaCat ILS funds and sidecars. The company was founded on October 19, 2005 and is headquartered in Hamilton, Bermuda.