RiverPark Advisors LLC cut its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 23.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 221,000 shares of the business services provider’s stock after selling 69,000 shares during the quarter. Verisk Analytics comprises 3.0% of RiverPark Advisors LLC’s holdings, making the stock its 16th largest position. RiverPark Advisors LLC’s holdings in Verisk Analytics were worth $21,216,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Dupont Capital Management Corp purchased a new stake in shares of Verisk Analytics in the fourth quarter worth approximately $112,000. Fusion Family Wealth LLC purchased a new stake in shares of Verisk Analytics in the fourth quarter worth approximately $116,000. Virtue Capital Management LLC purchased a new stake in shares of Verisk Analytics in the fourth quarter worth approximately $121,000. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Verisk Analytics in the third quarter worth approximately $164,000. Finally, Calton & Associates Inc. purchased a new stake in shares of Verisk Analytics in the fourth quarter worth approximately $183,000. Institutional investors and hedge funds own 92.46% of the company’s stock.
In other news, Director David B. Wright sold 15,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $94.60, for a total transaction of $1,419,000.00. Following the completion of the sale, the director now owns 8,951 shares in the company, valued at approximately $846,764.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Lee Shavel acquired 388 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were acquired at an average price of $96.61 per share, with a total value of $37,484.68. Following the acquisition, the chief financial officer now owns 22,729 shares in the company, valued at approximately $2,195,848.69. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,177 shares of company stock valued at $112,591 and have sold 112,220 shares valued at $11,131,550. Corporate insiders own 3.41% of the company’s stock.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, February 20th. The business services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $0.78 by $0.56. Verisk Analytics had a return on equity of 33.58% and a net margin of 25.88%. The firm had revenue of $570.30 million during the quarter, compared to analyst estimates of $557.09 million. During the same quarter in the prior year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. sell-side analysts expect that Verisk Analytics, Inc. will post 3.97 earnings per share for the current year.
Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. BMO Capital Markets reiterated a “market perform” rating and issued a $102.00 price target (up from $100.00) on shares of Verisk Analytics in a report on Thursday, February 22nd. Keefe, Bruyette & Woods set a $101.00 price target on Verisk Analytics and gave the stock a “buy” rating in a report on Friday, December 1st. Wells Fargo & Co reiterated an “outperform” rating and issued a $115.00 price target (up from $105.00) on shares of Verisk Analytics in a report on Thursday, February 22nd. Finally, SunTrust Banks increased their price target on Verisk Analytics to $105.00 and gave the stock a “hold” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $103.07.
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Verisk Analytics Company 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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