Verisk Analytics, Inc. (VRSK) Position Lifted by Global X MANAGEMENT CO LLC
Global X MANAGEMENT CO LLC increased its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,885 shares of the business services provider’s stock after acquiring an additional 580 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Verisk Analytics were worth $406,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. YCG LLC grew its holdings in Verisk Analytics by 17.2% in the 3rd quarter. YCG LLC now owns 130,640 shares of the business services provider’s stock worth $10,881,000 after buying an additional 19,182 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Verisk Analytics by 0.3% in the third quarter. Swiss National Bank now owns 647,943 shares of the business services provider’s stock valued at $53,902,000 after purchasing an additional 1,700 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Verisk Analytics by 1.2% in the third quarter. Principal Financial Group Inc. now owns 4,041,740 shares of the business services provider’s stock valued at $336,233,000 after purchasing an additional 47,683 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Verisk Analytics by 0.4% in the third quarter. Prudential Financial Inc. now owns 215,086 shares of the business services provider’s stock worth $17,893,000 after acquiring an additional 930 shares during the last quarter. Finally, Trillium Asset Management LLC increased its position in Verisk Analytics by 2.7% during the third quarter. Trillium Asset Management LLC now owns 59,328 shares of the business services provider’s stock worth $4,935,000 after buying an additional 1,577 shares during the last quarter. Institutional investors and hedge funds own 93.65% of the company’s stock.
Several brokerages have recently issued reports on VRSK. BMO Capital Markets raised their price target on Verisk Analytics from $83.00 to $91.00 and gave the company a “market perform” rating in a research report on Thursday, November 2nd. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Verisk Analytics in a research note on Wednesday, November 8th. They set a “neutral” rating and a $89.00 price target for the company. SunTrust Banks, Inc. cut shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research note on Thursday, August 3rd. Morgan Stanley raised their price objective on shares of Verisk Analytics from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Finally, Credit Suisse Group raised their price target on shares of Verisk Analytics from $85.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $88.29.
In related news, Director Christopher M. Foskett sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $91.02, for a total transaction of $500,610.00. Following the completion of the transaction, the director now owns 15,489 shares of the company’s stock, valued at $1,409,808.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth E. Thompson sold 80,207 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $85.13, for a total transaction of $6,828,021.91. Following the transaction, the executive vice president now directly owns 107,264 shares of the company’s stock, valued at approximately $9,131,384.32. The disclosure for this sale can be found here. Insiders have sold 318,146 shares of company stock worth $27,443,084 over the last three months. 3.41% of the stock is owned by insiders.
Verisk Analytics, Inc. (NASDAQ:VRSK) opened at $91.86 on Friday. Verisk Analytics, Inc. has a 12 month low of $75.60 and a 12 month high of $92.92. The firm has a market cap of $15,128.61, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 3.26 and a beta of 0.76. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.36.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The firm had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. During the same period last year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. equities research analysts anticipate that Verisk Analytics, Inc. will post 3.17 EPS for the current fiscal year.
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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