Grandfield & Dodd LLC Cuts Stake in Verisk Analytics Inc. (VRSK)
Grandfield & Dodd LLC cut its stake in shares of Verisk Analytics Inc. (NASDAQ:VRSK) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 165,601 shares of the company’s stock after selling 187 shares during the period. Verisk Analytics accounts for about 1.9% of Grandfield & Dodd LLC’s holdings, making the stock its 19th largest position. Grandfield & Dodd LLC owned about 0.10% of Verisk Analytics worth $13,427,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in VRSK. Junto Capital Management LP bought a new position in shares of Verisk Analytics during the first quarter valued at $27,233,000. AXA boosted its position in shares of Verisk Analytics by 185.9% in the first quarter. AXA now owns 301,300 shares of the company’s stock valued at $24,080,000 after buying an additional 195,900 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its position in shares of Verisk Analytics by 4,342.6% in the second quarter. Douglass Winthrop Advisors LLC now owns 189,609 shares of the company’s stock valued at $14,014,000 after buying an additional 185,341 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Verisk Analytics during the second quarter valued at $14,238,000. Finally, Euclid Advisors LLC bought a new position in shares of Verisk Analytics during the first quarter valued at $7,019,000. Institutional investors own 90.79% of the company’s stock.
Shares of Verisk Analytics Inc. (NASDAQ:VRSK) traded up 0.06% during midday trading on Monday, reaching $81.33. 399,882 shares of the company’s stock traded hands. The firm has a market cap of $13.74 billion, a PE ratio of 23.33 and a beta of 0.54. Verisk Analytics Inc. has a 12 month low of $64.79 and a 12 month high of $86.00. The stock has a 50-day moving average price of $82.02 and a 200 day moving average price of $80.36.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, August 2nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.76 by $0.03. The business had revenue of $498.30 million for the quarter, compared to the consensus estimate of $504.44 million. Verisk Analytics had a return on equity of 39.49% and a net margin of 28.54%. The company’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. Equities research analysts predict that Verisk Analytics Inc. will post $3.00 earnings per share for the current year.
VRSK has been the subject of several analyst reports. Cantor Fitzgerald set a $87.00 price objective on Verisk Analytics and gave the company a “buy” rating in a report on Wednesday, August 3rd. Morgan Stanley restated an “overweight” rating on shares of Verisk Analytics in a report on Wednesday, June 29th. Macquarie initiated coverage on Verisk Analytics in a report on Thursday, August 25th. They issued a “neutral” rating and a $88.00 price objective for the company. Finally, Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Verisk Analytics presently has an average rating of “Hold” and a consensus price target of $84.80.
In other news, COO Mark V. Anquillare sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $81.62, for a total transaction of $1,632,400.00. Following the completion of the sale, the chief operating officer now directly owns 74,090 shares of the company’s stock, valued at $6,047,225.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Vincent De P. Mccarthy sold 2,400 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $80.64, for a total transaction of $193,536.00. Following the sale, the senior vice president now directly owns 34,349 shares of the company’s stock, valued at $2,769,903.36. The disclosure for this sale can be found here. Insiders own 3.47% of the company’s stock.
About Verisk Analytics
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government and risk management. The Company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence and economic forecasting, among others.
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