Insiders Were Right: VR Makes New 52-Week High

In trading on Wednesday, shares of Validus Holdings Ltd ( VR) touched a new 52-week high of $40.10/share. That's a 21.11% rise, or $6.99 per share from the 52-week low of $33.11 set back on 11/15/2012. That means at today's intraday high, any investor who purchased VR stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, VR has seen 2 different instances of insiders buying over the trailing six month period.

Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
06/21/2013 John J. Hendrickson Director of Corp. Development 7,000 $34.77 $243,390.00
06/21/2013 Alok Singh Director 7,500 $33.62 $252,150.00
09/09/2013 John J. Hendrickson Director of Corp. Development 7,000 $35.22 $246,540.00

The chart below shows where VR has traded over the past year, with the 50-day and 200-day moving averages included.

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Validus Holdings (VR) Hits New Lifetime High Today