Verisk Analytics Inc. (VRSK) Position Raised by Eagle Asset Management Inc.
Eagle Asset Management Inc. boosted its stake in shares of Verisk Analytics Inc. (NASDAQ:VRSK) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 288,528 shares of the company’s stock after buying an additional 9,040 shares during the period. Eagle Asset Management Inc. owned 0.17% of Verisk Analytics worth $23,451,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Verisk Analytics by 75.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,579 shares of the company’s stock valued at $846,000 after buying an additional 4,565 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Verisk Analytics during the first quarter worth about $207,000. DNB Asset Management AS increased its stake in shares of Verisk Analytics by 3.1% in the second quarter. DNB Asset Management AS now owns 13,451 shares of the company’s stock worth $1,091,000 after buying an additional 400 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased 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 in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased 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 in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.
Shares of Verisk Analytics Inc. (NASDAQ:VRSK) traded up 0.52% during trading on Monday, hitting $84.55. 399,286 shares of the company’s stock were exchanged. The company has a market cap of $14.16 billion, a P/E ratio of 24.37 and a beta of 0.65. The company has a 50-day moving average of $81.76 and a 200-day moving average of $81.33. Verisk Analytics Inc. has a 12-month low of $64.79 and a 12-month high of $86.00.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.09. Verisk Analytics had a net margin of 29.06% and a return on equity of 38.26%. The firm had revenue of $498.10 million for the quarter, compared to the consensus estimate of $496.70 million. During the same period in the prior year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts expect that Verisk Analytics Inc. will post $3.08 earnings per share for the current fiscal year.
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Wednesday, November 23rd. Cantor Fitzgerald set a $87.00 price target on shares of Verisk Analytics and gave the company a “buy” rating in a report on Wednesday, August 3rd. Macquarie assumed coverage on shares of Verisk Analytics in a report on Thursday, August 25th. They issued a “neutral” rating and a $88.00 price target on the stock. Finally, BMO Capital Markets reiterated 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’s stock. The company currently has an average rating of “Buy” and an average target price of $88.14.
In related news, SVP Vincent De P. Mccarthy sold 2,400 shares of the stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $83.70, for a total transaction of $200,880.00. Following the sale, the senior vice president now directly owns 34,349 shares of the company’s stock, valued at $2,875,011.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mark V. Anquillare sold 20,000 shares of the stock in a transaction on 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 sale, the chief operating officer now directly owns 74,090 shares in the company, valued at $6,047,225.80. 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.
Receive News & Stock Ratings for Verisk Analytics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics Inc. and related stocks with our FREE daily email newsletter.