Victory Capital Management Inc. Increases Holdings in Verisk Analytics, Inc. (VRSK)
Victory Capital Management Inc. boosted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 18.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,815 shares of the business services provider’s stock after acquiring an additional 5,111 shares during the period. Victory Capital Management Inc.’s holdings in Verisk Analytics were worth $2,769,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in VRSK. BlackRock Inc. raised its position in Verisk Analytics by 2,758.9% during the first quarter. BlackRock Inc. now owns 9,612,882 shares of the business services provider’s stock worth $779,989,000 after acquiring an additional 9,276,635 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Verisk Analytics by 96.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,199,787 shares of the business services provider’s stock worth $340,771,000 after acquiring an additional 2,060,620 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in Verisk Analytics during the second quarter worth about $53,513,000. Vanguard Group Inc. raised its position in Verisk Analytics by 2.6% during the first quarter. Vanguard Group Inc. now owns 14,618,893 shares of the business services provider’s stock worth $1,186,178,000 after acquiring an additional 369,542 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Verisk Analytics by 11.5% during the first quarter. Alliancebernstein L.P. now owns 3,018,367 shares of the business services provider’s stock worth $244,910,000 after acquiring an additional 311,616 shares during the last quarter. Institutional investors own 93.33% of the company’s stock.
Verisk Analytics, Inc. (NASDAQ:VRSK) opened at 82.48 on Friday. Verisk Analytics, Inc. has a 52-week low of $75.60 and a 52-week high of $88.17. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of 29.98 and a beta of 0.68. The stock has a 50 day moving average of $82.57 and a 200-day moving average of $81.80.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The company had revenue of $523.20 million during the quarter, compared to analyst estimates of $519.67 million. During the same period in the prior year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts expect that Verisk Analytics, Inc. will post $3.14 EPS for the current year.
In other news, Director David B. Wright sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total value of $808,200.00. Following the completion of the sale, the director now directly owns 13,951 shares of the company’s stock, valued at $1,127,519.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew G. Mills sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $83.47, for a total transaction of $250,410.00. Following the completion of the sale, the director now directly owns 107,666 shares of the company’s stock, valued at $8,986,881.02. The disclosure for this sale can be found here. Insiders have sold 14,304 shares of company stock valued at $1,166,138 over the last ninety days. Insiders own 3.41% of the company’s stock.
A number of equities analysts have issued reports on the stock. Morgan Stanley restated an “equal weight” rating and set a $82.00 target price (down previously from $83.00) on shares of Verisk Analytics in a research report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. BMO Capital Markets lifted their target price on shares of Verisk Analytics from $81.00 to $83.00 and gave the stock a “market perform” rating in a research report on Friday, July 14th. UBS AG restated a “sell” rating and set a $75.00 target price (up previously from $71.00) on shares of Verisk Analytics in a research report on Friday, July 14th. Finally, Credit Suisse Group restated a “neutral” rating and set a $85.00 target price (up previously from $80.00) on shares of Verisk Analytics in a research report on Thursday, August 3rd. One 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. The company currently has a consensus rating of “Hold” and an average target price of $85.38.
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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