State of Wisconsin Investment Board decreased its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 12.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 237,962 shares of the business services provider’s stock after selling 32,406 shares during the quarter. State of Wisconsin Investment Board owned about 0.14% of Verisk Analytics worth $19,796,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Veritable L.P. raised its position in Verisk Analytics by 1.3% in the second quarter. Veritable L.P. now owns 3,170 shares of the business services provider’s stock worth $267,000 after acquiring an additional 41 shares in the last quarter. Gotham Asset Management LLC raised its position in Verisk Analytics by 1.7% in the second quarter. Gotham Asset Management LLC now owns 2,702 shares of the business services provider’s stock worth $228,000 after acquiring an additional 46 shares in the last quarter. Fiera Capital Corp grew its holdings in Verisk Analytics by 0.6% in the second 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. grew its holdings in Verisk Analytics by 1.6% in the second 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. grew its holdings in Verisk Analytics by 1.2% in the second 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. Hedge funds and other institutional investors own 93.57% of the company’s stock.
Shares of Verisk Analytics, Inc. (VRSK) opened at $90.21 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $14,856.87, a price-to-earnings ratio of 28.19, a P/E/G ratio of 3.20 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 posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. research analysts expect that Verisk Analytics, Inc. will post 3.17 EPS for the current year.
Several research firms have weighed in on VRSK. Goldman Sachs Group, Inc. (The) began coverage on Verisk Analytics in a report on Wednesday. They issued a “neutral” rating and a $89.00 target price on the stock. BMO Capital Markets upped their target price on Verisk Analytics from $83.00 to $91.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Royal Bank Of Canada reissued a “hold” rating and issued a $83.00 target price on shares of Verisk Analytics in a report on Thursday, November 2nd. Credit Suisse Group upped their target price on Verisk Analytics from $85.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Finally, Morgan Stanley upped their target price on Verisk Analytics from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $88.29.
In related news, Director Christopher M. Foskett sold 5,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $91.02, for a total transaction of $500,610.00. Following the transaction, the director now directly owns 15,489 shares in the company, valued at $1,409,808.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth E. Thompson sold 80,207 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $85.13, for a total value of $6,828,021.91. Following the transaction, the executive vice president now owns 107,264 shares in the company, valued at $9,131,384.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 318,146 shares of company stock worth $27,443,084. Corporate 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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