Profund Advisors LLC grew its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,101 shares of the business services provider’s stock after buying an additional 1,191 shares during the quarter. Profund Advisors LLC’s holdings in Verisk Analytics were worth $1,354,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of VRSK. Dupont Capital Management Corp acquired a new stake in shares of Verisk Analytics in the 4th quarter valued at approximately $112,000. Fusion Family Wealth LLC acquired a new position in Verisk Analytics during the fourth quarter worth $116,000. Bank of Nova Scotia Trust Co. acquired a new position in Verisk Analytics during the third quarter worth $164,000. Calton & Associates Inc. acquired a new position in Verisk Analytics during the fourth quarter worth $183,000. Finally, IBM Retirement Fund acquired a new position in Verisk Analytics during the fourth quarter worth $219,000. 92.46% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on VRSK. BidaskClub raised Verisk Analytics from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Keefe, Bruyette & Woods set a $112.00 price objective on Verisk Analytics and gave the stock a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research raised Verisk Analytics from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a report on Monday, February 26th. Morgan Stanley lifted their price objective on Verisk Analytics from $91.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, SunTrust Banks lifted their price objective on Verisk Analytics to $105.00 and gave the stock a “hold” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Verisk Analytics has an average rating of “Buy” and a consensus target price of $103.07.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, February 20th. The business services provider reported $1.34 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $570.30 million during the quarter, compared to analysts’ expectations of $557.09 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. equities research analysts anticipate that Verisk Analytics, Inc. will post 3.97 EPS for the current year.
In related news, CFO Lee Shavel purchased 354 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was bought at an average cost of $105.10 per share, with a total value of $37,205.40. Following the completion of the acquisition, the chief financial officer now directly owns 23,482 shares in the company, valued at approximately $2,467,958.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hyatt J. Brown sold 73,587 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $100.20, for a total value of $7,373,417.40. Following the completion of the transaction, the director now directly owns 78,673 shares of the company’s stock, valued at $7,883,034.60. The disclosure for this sale can be found here. Over the last three months, insiders bought 1,531 shares of company stock valued at $149,796 and sold 122,220 shares valued at $12,181,450. Insiders own 3.41% of the company’s stock.
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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