Advisor Group Inc. Buys 2,553 Shares of Verisk Analytics, Inc. (VRSK)
Advisor Group Inc. boosted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 33.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,223 shares of the business services provider’s stock after purchasing an additional 2,553 shares during the period. Advisor Group Inc.’s holdings in Verisk Analytics were worth $851,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Janus Henderson Group PLC grew its holdings in Verisk Analytics by 1,487.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,502,847 shares of the business services provider’s stock worth $464,275,000 after acquiring an additional 5,156,187 shares during the period. Neuberger Berman Group LLC grew its holdings in Verisk Analytics by 70.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,872,109 shares of the business services provider’s stock worth $242,320,000 after acquiring an additional 1,190,340 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in Verisk Analytics by 154.4% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,613,738 shares of the business services provider’s stock worth $134,247,000 after acquiring an additional 979,475 shares during the period. Vanguard Group Inc. grew its holdings in Verisk Analytics by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock worth $1,295,340,000 after acquiring an additional 734,200 shares during the period. Finally, Farallon Capital Management LLC acquired a new stake in Verisk Analytics during the 2nd quarter worth about $40,736,000. Institutional investors and hedge funds own 93.70% of the company’s stock.
A number of brokerages have weighed in on VRSK. Goldman Sachs Group, Inc. (The) began coverage on Verisk Analytics in a report on Wednesday, November 8th. They set a “neutral” rating and a $89.00 price target for the company. Barclays PLC increased their price target on Verisk Analytics from $86.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Cantor Fitzgerald reiterated a “buy” rating and set a $92.00 price target on shares of Verisk Analytics in a report on Wednesday, November 1st. SunTrust Banks, Inc. reiterated a “hold” rating and set a $85.00 price target on shares of Verisk Analytics in a report on Wednesday, November 1st. Finally, Robert W. Baird reiterated a “buy” rating on shares of Verisk Analytics in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned 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.
Verisk Analytics, Inc. (VRSK) opened at $93.58 on Wednesday. Verisk Analytics, Inc. has a 1 year low of $75.60 and a 1 year high of $94.10. The firm has a market cap of $15,238.94, a PE ratio of 28.92, a P/E/G ratio of 3.29 and a beta of 0.76. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.45 and a quick ratio of 0.45.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $527.97 million. During the same quarter last year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. equities analysts expect that Verisk Analytics, Inc. will post 3.17 earnings per share for the current year.
In other Verisk Analytics news, Director Andrew G. Mills sold 3,000 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $92.72, for a total transaction of $278,160.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David B. Wright sold 10,000 shares of Verisk Analytics 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 transaction, the director now directly owns 13,951 shares in the company, valued at approximately $1,127,519.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 321,146 shares of company stock worth $27,721,244. Insiders own 3.41% of the company’s stock.
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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