Great Lakes Advisors LLC reduced its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,357 shares of the business services provider’s stock after selling 955 shares during the period. Great Lakes Advisors LLC’s holdings in Verisk Analytics were worth $6,496,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Harvest Group Wealth Management LLC bought a new stake in shares of Verisk Analytics in the 1st quarter valued at approximately $26,000. Signaturefd LLC grew its stake in shares of Verisk Analytics by 112.8% in the 1st quarter. Signaturefd LLC now owns 200 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 106 shares during the period. Glassman Wealth Services grew its stake in shares of Verisk Analytics by 43.4% in the 1st quarter. Glassman Wealth Services now owns 248 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 75 shares during the period. Meridian Wealth Management LLC bought a new stake in Verisk Analytics during the 1st quarter worth approximately $53,000. Finally, Ibex Wealth Advisors bought a new stake in Verisk Analytics during the 2nd quarter worth approximately $57,000. Institutional investors own 91.60% of the company’s stock.
VRSK has been the topic of a number of research analyst reports. Bank of America increased their price target on Verisk Analytics from $146.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. BidaskClub upgraded Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. UBS Group increased their price target on Verisk Analytics from $119.00 to $124.00 and gave the stock a “sell” rating in a research report on Wednesday, July 10th. Zacks Investment Research lowered Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Finally, SunTrust Banks increased their price target on Verisk Analytics to $150.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $138.89.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.10. The firm had revenue of $652.60 million for the quarter, compared to analyst estimates of $642.61 million. Verisk Analytics had a return on equity of 33.05% and a net margin of 23.97%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. As a group, research analysts forecast that Verisk Analytics, Inc. will post 4.43 EPS for the current year.
In other Verisk Analytics news, CAO David J. Grover sold 3,000 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $144.25, for a total value of $432,750.00. Following the transaction, the chief accounting officer now directly owns 9,931 shares in the company, valued at approximately $1,432,546.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Constantine Iordanou sold 2,122 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $153.01, for a total value of $324,687.22. Following the completion of the transaction, the director now owns 59,214 shares in the company, valued at $9,060,334.14. The disclosure for this sale can be found here. Insiders sold a total of 29,928 shares of company stock worth $4,475,722 over the last quarter. Corporate insiders own 2.71% of the company’s stock.
Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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