Harding Loevner LP Sells 8,687 Shares of Verisk Analytics Inc. (VRSK)
Harding Loevner LP decreased its position in Verisk Analytics Inc. (NASDAQ:VRSK) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,233,505 shares of the company’s stock after selling 8,687 shares during the period. Verisk Analytics makes up approximately 1.9% of Harding Loevner LP’s holdings, making the stock its 19th largest position. Harding Loevner LP owned about 1.91% of Verisk Analytics worth $262,819,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Pinkerton Retirement Specialists LLC acquired a new position in Verisk Analytics during the second quarter valued at approximately $100,000. Van ECK Associates Corp acquired a new position in Verisk Analytics during the second quarter valued at approximately $111,000. Checchi Capital Advisers LLC raised its position in Verisk Analytics by 1.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,602 shares of the company’s stock valued at $130,000 after buying an additional 30 shares during the period. Creative Planning raised its position in Verisk Analytics by 27.9% in the second quarter. Creative Planning now owns 1,625 shares of the company’s stock valued at $132,000 after buying an additional 354 shares during the period. Finally, Global X Management Co. LLC raised its position in Verisk Analytics by 103.2% in the second quarter. Global X Management Co. LLC now owns 2,034 shares of the company’s stock valued at $165,000 after buying an additional 1,033 shares during the period. 90.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Verisk Analytics Inc. (NASDAQ:VRSK) traded up 0.19% during midday trading on Friday, hitting $83.16. 1,905,749 shares of the stock traded hands. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 23.97 and a beta of 0.65. Verisk Analytics Inc. has a one year low of $64.79 and a one year high of $86.00. The firm has a 50-day moving average price of $81.30 and a 200 day moving average price of $81.08.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, November 1st. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.09. The business had revenue of $498.10 million for the quarter, compared to analyst estimates of $496.70 million. Verisk Analytics had a net margin of 29.06% and a return on equity of 38.26%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. Analysts anticipate that Verisk Analytics Inc. will post $3.08 earnings per share for the current year.
VRSK has been the topic of several recent analyst reports. Macquarie initiated coverage on Verisk Analytics in a report on Thursday, August 25th. They issued a “neutral” rating and a $88.00 target price on the stock. Cantor Fitzgerald reissued a “buy” rating on shares of Verisk Analytics in a report on Friday, August 19th. Zacks Investment Research raised Verisk Analytics from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Tuesday. Finally, BMO Capital Markets reissued a “hold” rating on shares of Verisk Analytics in a report on Thursday, November 3rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $88.00.
In other Verisk Analytics news, COO Mark V. Anquillare sold 20,000 shares of the business’s stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $78.88, for a total value of $1,577,600.00. Following the transaction, the chief operating officer now owns 74,090 shares in the company, valued at approximately $5,844,219.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Vincent De P. Mccarthy sold 2,400 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $83.70, for a total transaction of $200,880.00. Following the completion of the transaction, the senior vice president now owns 34,349 shares in the company, valued at approximately $2,875,011.30. The disclosure for this sale can be found here. Corporate insiders own 3.47% of the company’s stock.
Verisk Analytics Company Profile
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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