Victory Capital Management Inc. Sells 2,647 Shares of Verisk Analytics, Inc. (VRSK)
Victory Capital Management Inc. reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,168 shares of the business services provider’s stock after selling 2,647 shares during the quarter. Victory Capital Management Inc.’s holdings in Verisk Analytics were worth $2,510,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Veritable L.P. raised its stake in Verisk Analytics by 1.3% in the 2nd quarter. Veritable L.P. now owns 3,170 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 41 shares during the last quarter. Gotham Asset Management LLC raised its stake in Verisk Analytics by 1.7% in the 2nd quarter. Gotham Asset Management LLC now owns 2,702 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 46 shares during the last quarter. Fiera Capital Corp raised its stake in Verisk Analytics by 0.6% in the 2nd quarter. Fiera Capital Corp now owns 8,778 shares of the business services provider’s stock valued at $741,000 after purchasing an additional 54 shares during the last quarter. First Manhattan Co. raised its stake in Verisk Analytics by 1.6% in the 2nd quarter. First Manhattan Co. now owns 3,658 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 58 shares during the last quarter. Finally, Bancorpsouth Inc. raised its stake in Verisk Analytics by 1.2% in the 2nd quarter. Bancorpsouth Inc. now owns 5,674 shares of the business services provider’s stock valued at $479,000 after purchasing an additional 66 shares during the last quarter. 93.65% of the stock is owned by hedge funds and other institutional investors.
Shares of Verisk Analytics, Inc. (NASDAQ VRSK) opened at $91.86 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $15,005.08, a PE ratio of 28.47, a P/E/G ratio of 3.24 and a beta of 0.76. Verisk Analytics, Inc. has a 52-week low of $75.60 and a 52-week high of $92.92.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $549.10 million during the quarter, compared to the consensus estimate of $527.97 million. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. analysts predict that Verisk Analytics, Inc. will post 3.17 earnings per share for the current fiscal year.
A number of analysts have issued reports on VRSK shares. The Goldman Sachs Group, Inc. started coverage on Verisk Analytics in a research note on Wednesday, November 8th. They issued a “neutral” rating and a $89.00 target price for the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $83.00 target price on shares of Verisk Analytics in a research note on Thursday, November 2nd. Credit Suisse Group raised their target price on Verisk Analytics from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Barclays PLC raised their target price on Verisk Analytics from $86.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Finally, Morgan Stanley raised their target price on Verisk Analytics from $83.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. Verisk Analytics has an average rating of “Hold” and a consensus target price of $88.29.
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In related news, Director Andrew G. Mills sold 1,232 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $82.50, for a total transaction of $101,640.00. Following the completion of the sale, the director now directly owns 104,293 shares of the company’s stock, valued at approximately $8,604,172.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott G. Stephenson acquired 22,200 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $91.16 per share, with a total value of $2,023,752.00. Following the completion of the transaction, the chief executive officer now directly owns 577,441 shares in the company, valued at approximately $52,639,521.56. The disclosure for this purchase can be found here. Insiders have sold a total of 318,146 shares of company stock valued at $27,443,084 over the last three months. Corporate insiders own 3.41% of the company’s stock.
Verisk Analytics Profile
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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