The EVP, Group Chief Risk Officer of Validus Holdings (NYSE: VR) is Selling Shares

By Carrie Williams

Today, the EVP, Group Chief Risk Officer of Validus Holdings (NYSE: VR), Romel Salam, sold shares of VR for $640.5K.

Following Romel Salam’s last VR Sell transaction on June 03, 2016, the stock climbed by 3.6%. In addition to Romel Salam, one other VR executive reported Sell trades in the last month.

The company has a one year high of $52.39 and a one year low of $41.73. VR’s market cap is $4.04B and the company has a P/E ratio of 10.08. Currently, Validus Holdings has an average volume of 442.2K.

The insider sentiment on Validus Holdings has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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.