Schwab Charles Investment Management Inc. Cuts Stake in Verisk Analytics (VRSK)

Schwab Charles Investment Management Inc. lessened its holdings in Verisk Analytics (NASDAQ:VRSK) by 0.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 635,989 shares of the business services provider’s stock after selling 1,212 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.38% of Verisk Analytics worth $66,143,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. New Mexico Educational Retirement Board lifted its position in shares of Verisk Analytics by 4.2% in the fourth quarter. New Mexico Educational Retirement Board now owns 14,900 shares of the business services provider’s stock worth $1,430,000 after purchasing an additional 600 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Verisk Analytics by 6.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,589 shares of the business services provider’s stock worth $920,000 after purchasing an additional 620 shares in the last quarter. HPM Partners LLC lifted its position in shares of Verisk Analytics by 18.9% in the fourth quarter. HPM Partners LLC now owns 4,119 shares of the business services provider’s stock worth $395,000 after purchasing an additional 655 shares in the last quarter. M&T Bank Corp lifted its position in shares of Verisk Analytics by 1.5% in the fourth quarter. M&T Bank Corp now owns 46,584 shares of the business services provider’s stock worth $4,472,000 after purchasing an additional 705 shares in the last quarter. Finally, Elkhorn Investments LLC lifted its position in shares of Verisk Analytics by 5.5% in the fourth quarter. Elkhorn Investments LLC now owns 16,963 shares of the business services provider’s stock worth $1,406,000 after purchasing an additional 887 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

In other Verisk Analytics news, SVP Vincent De P. Mccarthy sold 8,000 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $104.25, for a total value of $834,000.00. Following the transaction, the senior vice president now directly owns 33,715 shares in the company, valued at $3,514,788.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $100.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 1,068 shares of company stock worth $112,950 and sold 518,830 shares worth $54,153,984. 3.19% of the stock is owned by insiders.

A number of brokerages have recently commented on VRSK. Zacks Investment Research raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research report on Friday, May 4th. BMO Capital Markets lowered their target price on shares of Verisk Analytics from $108.00 to $105.00 and set a “market perform” rating on the stock in a report on Thursday, May 3rd. Credit Suisse Group restated a “neutral” rating and set a $106.00 target price (up from $96.00) on shares of Verisk Analytics in a report on Thursday, February 22nd. ValuEngine upgraded shares of Verisk Analytics from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, BidaskClub upgraded shares of Verisk Analytics from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $104.36.

Shares of Verisk Analytics opened at $104.58 on Friday, according to MarketBeat.com. The firm has a market cap of $17.36 billion, a P/E ratio of 32.58, a PEG ratio of 1.95 and a beta of 0.67. Verisk Analytics has a 1-year low of $104.55 and a 1-year high of $105.38. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.45 and a current ratio of 0.45.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, May 1st. The business services provider reported $0.94 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.94. Verisk Analytics had a net margin of 26.05% and a return on equity of 31.75%. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $565.41 million. During the same period in the previous year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. analysts predict that Verisk Analytics will post 4.1 earnings per share for the current year.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.

Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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