Verisk Analytics, Inc. (VRSK) Shares Bought by Progressive Investment Management Corp
Progressive Investment Management Corp increased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,740 shares of the business services provider’s stock after buying an additional 636 shares during the period. Progressive Investment Management Corp’s holdings in Verisk Analytics were worth $2,509,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of VRSK. Integrated Investment Consultants LLC raised its stake in shares of Verisk Analytics by 45.8% in the second quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock valued at $112,000 after buying an additional 418 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Verisk Analytics by 40.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock valued at $112,000 after buying an additional 380 shares during the period. Huntington National Bank raised its stake in shares of Verisk Analytics by 29.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock valued at $131,000 after buying an additional 354 shares during the period. Ledyard National Bank raised its stake in shares of Verisk Analytics by 12.9% in the second quarter. Ledyard National Bank now owns 2,355 shares of the business services provider’s stock valued at $199,000 after buying an additional 270 shares during the period. Finally, Atria Investments LLC bought a new stake in shares of Verisk Analytics during the second quarter valued at about $223,000. Hedge funds and other institutional investors own 94.07% of the company’s stock.
Shares of Verisk Analytics, Inc. (VRSK) opened at 80.65 on Monday. Verisk Analytics, Inc. has a 1-year low of $75.60 and a 1-year high of $88.17. The company’s 50 day moving average is $84.09 and its 200-day moving average is $82.09. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 29.32 and a beta of 0.66.
Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $523.20 million for the quarter, compared to the consensus estimate of $519.67 million. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. Equities analysts anticipate that Verisk Analytics, Inc. will post $3.14 earnings per share for the current fiscal year.
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Several analysts recently issued reports on VRSK shares. Cantor Fitzgerald restated a “buy” rating and issued a $92.00 price objective on shares of Verisk Analytics in a report on Tuesday, May 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $82.00 price target (down from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. SunTrust Banks, Inc. lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a research note on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating on shares of Verisk Analytics in a research note on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $85.00.
In related news, Director David B. Wright sold 15,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $80.32, for a total transaction of $1,204,800.00. Following the sale, the director now directly owns 22,025 shares in the company, valued at approximately $1,769,048. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $83.47, for a total value of $250,410.00. Following the sale, the director now owns 107,666 shares in the company, valued at $8,986,881.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,304 shares of company stock worth $1,562,738. Company insiders own 3.41% of the company’s stock.
About Verisk Analytics
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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