Gabelli Funds LLC increased its position in shares of Validus Holdings, Ltd. (NYSE:VR) by 90.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 579,897 shares of the insurance provider’s stock after buying an additional 274,764 shares during the quarter. Gabelli Funds LLC owned about 0.73% of Validus worth $39,201,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC purchased a new position in Validus during the 1st quarter worth approximately $112,000. Legacy Financial Advisors Inc. purchased a new position in Validus during the 2nd quarter worth approximately $144,000. Point72 Asia Hong Kong Ltd grew its stake in Validus by 2,281.2% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,405 shares of the insurance provider’s stock worth $162,000 after buying an additional 2,304 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in Validus during the 2nd quarter worth approximately $172,000. Finally, Ancora Advisors LLC purchased a new position in Validus during the 1st quarter worth approximately $209,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.

Shares of VR stock opened at $67.99 on Friday. Validus Holdings, Ltd. has a twelve month low of $41.15 and a twelve month high of $68.00. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of -63.54, a P/E/G ratio of 1.84 and a beta of 1.02. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.54.

A number of research analysts recently issued reports on the company. ValuEngine upgraded Validus from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research downgraded Validus from a “hold” rating to a “strong sell” rating in a research note on Friday, May 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.25.

In other Validus news, CEO Peter Anthony Bilsby sold 24,813 shares of Validus stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $67.87, for a total value of $1,684,058.31. Following the transaction, the chief executive officer now directly owns 41,116 shares in the company, valued at approximately $2,790,542.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Kean Driscoll sold 6,875 shares of Validus stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $67.58, for a total value of $464,612.50. Following the completion of the transaction, the president now owns 92,709 shares in the company, valued at $6,265,274.22. The disclosure for this sale can be found here. Insiders sold a total of 38,563 shares of company stock worth $2,615,140 over the last quarter. Company insiders own 2.33% of the company’s stock.

Validus Profile

Validus Holdings, Ltd. provides reinsurance coverage, insurance coverage, and insurance linked securities management services worldwide. It operates through three segments: Reinsurance, Insurance, and Asset Management. The Reinsurance segment underwrites property reinsurance products on a catastrophe excess of loss, per risk excess of loss and proportional basis; and aerospace and aviation, agriculture, composite, marine, technical lines, terrorism, trade credit, workers' compensation, and other specialty lines, as well as casualty and financial lines.

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Institutional Ownership by Quarter for Validus (NYSE:VR)

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