Validus Holdings, Ltd. (NYSE:VR) insider has recently participated in insider trading activity. Director, Grayson Matthew J. sold 5,250 shares for $235,463 via one transaction Feb 17. Another notable insider trading was done by Driscoll Kean on Feb 16, who is the CEO, Validus Reinsurance, Ltd. The insider Sold 2,441 shares at an average price of $44.58. Moreover, an insider selling of 127 shares was carried out by Watson Christopher E, Director, on Feb 04. Following the transaction, the insider now owns 2,584 shares in total. Directorreenberg Jeffrey W. sold 57,960 shares for $2,547,342 through one transaction Feb 04. Following this sale, this insider’s stake in the company comprises 27,870 shares, priced at $1262232.3 as of Tuesday.
The stock has experienced a total of 44 insider trades in the past three months. These trades include 44 sell activities and 0 buy trades. Furthermore, over the past 12 months, the stock was traded 86 times by insiders. In 66 of these trades, the insider was a seller while an employee of the company was the buyer in just 20 instances.
Validus Holdings, Ltd. (VR) on January 28, 2016 reported net income available to Validus of $69.0 million, or $0.81 per diluted common share, for the three months ended December 31, 2015, compared to $125.9 million, or $1.38 per diluted common share, for the three months ended December 31, 2014. Net income available to Validus was $374.9 million, or $4.34 per diluted common share, for the year ended December 31, 2015, compared to $480.0 million, or $5.07 per diluted common share, for the year ended December 31, 2014.
Net operating income available to Validus was $105.4 million, or $1.24 per diluted common share, for the three months ended December 31, 2015, compared to $121.9 million, or $1.34 per diluted common share, for the three months ended December 31, 2014. Net operating income available to Validus was $409.7 million, or $4.74 per diluted common share, for the year ended December 31, 2015, compared to $480.8 million, or $5.08 per diluted common share, for the year ended December 31, 2014.
Book value per diluted common share at December 31, 2015 was $42.33, reflecting quarterly growth of 1.8% inclusive of dividends.
Commenting on the financial results for the full year ended December 31, 2015, Validus’ Chairman and CEO Ed Noonan stated:
“For the full year 2015, Validus earned $409.7 million in net operating income and generated an 11.3% net operating return on average equity. These strong results, despite competitive pressures, reflect the diversification of Validus’ business as we have shifted our mix to 46% insurance and 54% reinsurance during 2015.”
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