Morgan Stanley boosted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 131.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,147,525 shares of the company’s stock after buying an additional 2,353,367 shares during the period. Morgan Stanley owned 2.48% of Verisk Analytics worth $337,111,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in VRSK. Ameriprise Financial Inc. boosted its position in Verisk Analytics by 576.5% in the third quarter. Ameriprise Financial Inc. now owns 558,253 shares of the company’s stock valued at $45,378,000 after buying an additional 475,730 shares in the last quarter. Bank of Montreal Can bought a new stake in Verisk Analytics during the second quarter valued at about $14,238,000. WMS Partners LLC bought a new stake in Verisk Analytics during the second quarter valued at about $405,000. Intermede Investment Partners Ltd raised its stake in Verisk Analytics by 2.0% in the second quarter. Intermede Investment Partners Ltd now owns 375,130 shares of the company’s stock valued at $30,416,000 after buying an additional 7,535 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Verisk Analytics by 4.0% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 690,652 shares of the company’s stock valued at $56,136,000 after buying an additional 26,285 shares during the last quarter. Institutional investors and hedge funds own 91.47% of the company’s stock.
Verisk Analytics, Inc. (NASDAQ:VRSK) opened at 81.32 on Wednesday. The company has a 50-day moving average price of $82.68 and a 200-day moving average price of $82.12. The firm has a market cap of $13.62 billion, a PE ratio of 23.44 and a beta of 0.66. Verisk Analytics, Inc. has a 12-month low of $64.79 and a 12-month high of $86.00.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.09. Verisk Analytics had a return on equity of 38.26% and a net margin of 29.06%. The firm had revenue of $498.10 million for the quarter, compared to analyst estimates of $496.70 million. During the same quarter last year, the company posted $0.85 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that Verisk Analytics, Inc. will post $3.09 earnings per share for the current year.
Several equities research analysts have recently issued reports on VRSK shares. Zacks Investment Research lowered Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Saturday, November 12th. Cantor Fitzgerald set a $87.00 price objective on Verisk Analytics and gave the company a “buy” rating in a research note on Wednesday, November 2nd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Verisk Analytics in a research note on Wednesday, December 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Verisk Analytics in a research note on Thursday, November 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $88.43.
In other news, SVP Vincent De P. Mccarthy sold 52,331 shares of Verisk Analytics stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $81.76, for a total transaction of $4,278,582.56. Following the completion of the sale, the senior vice president now directly owns 55,149 shares in the company, valued at approximately $4,508,982.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Mark V. Anquillare sold 20,000 shares of Verisk Analytics stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $78.88, for a total transaction of $1,577,600.00. Following the sale, the chief operating officer now owns 74,090 shares of the company’s stock, valued at $5,844,219.20. The disclosure for this sale can be found here. 3.47% of the stock is currently owned by corporate insiders.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government and risk management. The Company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence and economic forecasting, among others.
What are top analysts saying about Verisk Analytics Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Verisk Analytics Inc. and related companies.