TimesSquare Capital Management LLC Has $78.54 Million Holdings in Verisk Analytics, Inc. (VRSK)
TimesSquare Capital Management LLC raised its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 930,900 shares of the business services provider’s stock after buying an additional 63,800 shares during the quarter. TimesSquare Capital Management LLC owned about 0.57% of Verisk Analytics worth $78,540,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Verisk Analytics by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 14,618,893 shares of the business services provider’s stock valued at $1,186,178,000 after buying an additional 369,542 shares during the last quarter. BlackRock Inc. grew its holdings in Verisk Analytics by 2,758.9% during the 1st quarter. BlackRock Inc. now owns 9,612,882 shares of the business services provider’s stock valued at $779,989,000 after buying an additional 9,276,635 shares during the last quarter. State Street Corp grew its holdings in Verisk Analytics by 1.2% during the 1st quarter. State Street Corp now owns 6,496,095 shares of the business services provider’s stock valued at $527,082,000 after buying an additional 76,648 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Verisk Analytics by 96.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,199,787 shares of the business services provider’s stock valued at $340,771,000 after buying an additional 2,060,620 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Verisk Analytics by 5.1% during the 2nd quarter. Principal Financial Group Inc. now owns 3,994,057 shares of the business services provider’s stock valued at $336,979,000 after buying an additional 193,782 shares during the last quarter. Hedge funds and other institutional investors own 93.33% of the company’s stock.
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A number of equities research analysts have commented on VRSK shares. Credit Suisse Group reiterated a “neutral” rating and set a $85.00 target price (up previously from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. UBS AG reiterated a “sell” rating and set a $75.00 target price (up previously from $71.00) on shares of Verisk Analytics in a report on Friday, July 14th. SunTrust Banks, Inc. cut Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a report on Thursday, August 3rd. BMO Capital Markets increased their target price on Verisk Analytics from $81.00 to $83.00 and gave the company a “market perform” rating in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $90.00 target price on Verisk Analytics and gave the company a “buy” rating in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. Verisk Analytics has an average rating of “Hold” and a consensus target price of $85.38.
Shares of Verisk Analytics, Inc. (NASDAQ VRSK) traded down 0.55% on Friday, hitting $81.55. The company had a trading volume of 52,581 shares. The company has a market cap of $13.42 billion, a price-to-earnings ratio of 29.64 and a beta of 0.68. The company has a 50 day moving average of $82.68 and a 200-day moving average of $81.79. Verisk Analytics, Inc. has a 12-month low of $75.60 and a 12-month high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly 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. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The business had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $519.67 million. During the same period in the previous year, the company posted $0.73 EPS. Verisk Analytics’s revenue was up 5.0% on a year-over-year basis. On average, analysts forecast that Verisk Analytics, Inc. will post $3.14 earnings per share for the current year.
In related news, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $83.47, for a total value of $250,410.00. Following the completion of the sale, the director now directly owns 107,666 shares in the company, valued at $8,986,881.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Wright sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $80.82, for a total transaction of $808,200.00. Following the completion of the sale, the director now owns 13,951 shares of the company’s stock, valued at $1,127,519.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,304 shares of company stock worth $1,166,138. 3.41% of the stock is currently owned by corporate insiders.
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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