Atlantic Trust Group LLC reduced its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,518 shares of the business services provider’s stock after selling 546 shares during the period. Atlantic Trust Group LLC’s holdings in Verisk Analytics were worth $1,056,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Intact Investment Management Inc. purchased a new stake in Verisk Analytics during the 2nd quarter worth approximately $380,000. Comgest Global Investors S.A.S. increased its stake in Verisk Analytics by 3.7% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 83,500 shares of the business services provider’s stock worth $7,045,000 after buying an additional 3,000 shares during the period. Hosking Partners LLP increased its stake in Verisk Analytics by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 154,422 shares of the business services provider’s stock worth $13,029,000 after buying an additional 2,457 shares during the period. Sphera Funds Management LTD. purchased a new stake in Verisk Analytics during the 2nd quarter worth approximately $793,000. Finally, Sawtooth Solutions LLC increased its stake in Verisk Analytics by 6.1% during the 2nd quarter. Sawtooth Solutions LLC now owns 6,365 shares of the business services provider’s stock worth $537,000 after buying an additional 365 shares during the period. 93.33% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on VRSK. UBS AG reaffirmed a “sell” rating and set a $75.00 target price (up from $71.00) on shares of Verisk Analytics in a research note on Friday, July 14th. BidaskClub raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. SunTrust Banks, Inc. downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a research note on Thursday, August 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $82.00 target price (down from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. Finally, BMO Capital Markets upped 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 note on Friday, July 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $85.38.
In other news, Director Christopher M. Foskett sold 1,304 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $82.46, for a total transaction of $107,527.84. Following the completion of the sale, the director now owns 9,989 shares of the company’s stock, valued at $823,692.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Wright sold 10,000 shares of the firm’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 sale, the director now directly owns 13,951 shares of the company’s stock, valued at approximately $1,127,519.82. The disclosure for this sale can be found here. Insiders have sold 14,304 shares of company stock worth $1,166,138 in the last quarter. Insiders own 3.41% of the company’s stock.
Verisk Analytics, Inc. (VRSK) opened at 82.48 on Monday. The firm has a market cap of $13.57 billion, a PE ratio of 29.98 and a beta of 0.68. The firm’s 50-day moving average is $82.57 and its 200 day moving average is $81.80. Verisk Analytics, Inc. has a 12-month low of $75.60 and a 12-month high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $523.20 million for the quarter, compared to analyst estimates of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 earnings per share. Equities research analysts predict that Verisk Analytics, Inc. will post $3.14 EPS for the current year.
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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