Janus Henderson Group PLC Purchases 5,156,187 Shares of Verisk Analytics, Inc. (VRSK)
Janus Henderson Group PLC raised its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1,487.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,502,847 shares of the business services provider’s stock after acquiring an additional 5,156,187 shares during the quarter. Janus Henderson Group PLC owned approximately 3.34% of Verisk Analytics worth $464,275,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of VRSK. Integrated Investment Consultants LLC lifted its holdings in 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 acquiring an additional 418 shares during the period. Parkside Financial Bank & Trust lifted its holdings in 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 acquiring an additional 380 shares during the period. Huntington National Bank lifted its holdings in 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 acquiring an additional 354 shares during the period. Capstone Investment Advisors Netherlands B.V. bought a new position in Verisk Analytics in the second quarter valued at about $161,000. Finally, Paradigm Asset Management Co. LLC lifted its holdings in Verisk Analytics by 5.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,950 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 100 shares during the period. 93.27% of the stock is currently owned by institutional investors.
VRSK has been the topic of a number of recent research reports. Credit Suisse Group reissued a “neutral” rating and issued a $85.00 target price (up previously from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. UBS AG reissued a “sell” rating and issued 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. downgraded 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 reissued a “hold” rating and issued a $83.00 target price on shares of Verisk Analytics in a report on Friday, September 15th. 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $84.83.
Shares of Verisk Analytics, Inc. (VRSK) traded down 0.12% during mid-day trading on Thursday, reaching $83.77. The company’s stock had a trading volume of 63,160 shares. The firm has a market cap of $13.78 billion, a P/E ratio of 30.45 and a beta of 0.70. Verisk Analytics, Inc. has a 12-month low of $75.60 and a 12-month high of $88.17. The firm’s 50-day moving average price is $81.58 and its 200 day moving average price is $81.82.
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, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. 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 previous year, the business earned $0.73 EPS. Verisk Analytics’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 Verisk Analytics news, Director David B. Wright sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owns 13,951 shares in the company, valued at approximately $1,127,519.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christopher M. Foskett sold 1,304 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total value of $107,527.84. Following the sale, the director now owns 9,989 shares of the company’s stock, valued at $823,692.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,304 shares of company stock valued at $1,410,728. 3.41% of the stock is owned by company insiders.
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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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