Verisk Analytics Inc. (VRSK) Shares Sold by Contravisory Investment Management Inc.
Contravisory Investment Management Inc. reduced its stake in shares of Verisk Analytics Inc. (NASDAQ:VRSK) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,273 shares of the company’s stock after selling 3,470 shares during the period. Verisk Analytics accounts for 2.0% of Contravisory Investment Management Inc.’s portfolio, making the stock its 28th largest position. Contravisory Investment Management Inc.’s holdings in Verisk Analytics were worth $6,362,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Verisk Analytics by 27.9% in the second quarter. Creative Planning now owns 1,625 shares of the company’s stock worth $132,000 after buying an additional 354 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Verisk Analytics during the second quarter worth approximately $207,000. Gulf International Bank UK Ltd raised its stake in shares of Verisk Analytics by 0.3% in the second quarter. Gulf International Bank UK Ltd now owns 47,747 shares of the company’s stock worth $3,871,000 after buying an additional 150 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Verisk Analytics by 1.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 134,494 shares of the company’s stock worth $10,905,000 after buying an additional 1,723 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its stake in shares of Verisk Analytics by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 40,047 shares of the company’s stock worth $3,247,000 after buying an additional 2,408 shares during the last quarter. 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, reaching $83.16. The company’s stock had a trading volume of 1,905,749 shares. The company’s 50-day moving average price is $81.30 and its 200 day moving average price is $81.08. Verisk Analytics Inc. has a 12-month low of $64.79 and a 12-month high of $86.00. The company has a market capitalization of $13.93 billion, a P/E ratio of 23.97 and a beta of 0.65.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. The firm had revenue of $498.10 million for the quarter, compared to analyst estimates of $496.70 million. Verisk Analytics had a return on equity of 38.26% and a net margin of 29.06%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. On average, equities research analysts forecast that Verisk Analytics Inc. will post $3.08 earnings per share for the current year.
A number of analysts have recently commented on the company. Cantor Fitzgerald set a $87.00 price target on Verisk Analytics and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research lowered Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Saturday, November 12th. Macquarie started coverage on Verisk Analytics in a research note on Thursday, August 25th. They issued a “neutral” rating and a $88.00 price objective on the stock. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Verisk Analytics in a research note on Thursday, November 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $88.00.
In other news, COO Mark V. Anquillare sold 20,000 shares of the stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $81.62, for a total transaction of $1,632,400.00. Following the transaction, the chief operating officer now directly owns 74,090 shares in the company, valued at approximately $6,047,225.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vincent De P. Mccarthy sold 2,400 shares of the stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $83.70, for a total value of $200,880.00. Following the transaction, the senior vice president now owns 34,349 shares in the company, valued at $2,875,011.30. 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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