Montag & Caldwell LLC cut its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 43.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,957 shares of the business services provider’s stock after selling 4,648 shares during the period. Montag & Caldwell LLC’s holdings in Verisk Analytics were worth $503,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Retirement Systems of Alabama increased its stake in Verisk Analytics by 1.3% in the first quarter. Retirement Systems of Alabama now owns 74,777 shares of the business services provider’s stock worth $6,067,000 after buying an additional 965 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Verisk Analytics during the first quarter worth approximately $791,000. Oakbrook Investments LLC bought a new stake in Verisk Analytics during the first quarter worth approximately $487,000. Ledyard National Bank increased its stake in Verisk Analytics by 40.4% in the first quarter. Ledyard National Bank now owns 2,085 shares of the business services provider’s stock worth $169,000 after buying an additional 600 shares in the last quarter. Finally, DnB Asset Management AS increased its stake in Verisk Analytics by 18.9% in the first quarter. DnB Asset Management AS now owns 18,851 shares of the business services provider’s stock worth $1,530,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.
Verisk Analytics, Inc. (VRSK) traded up 0.58% on Friday, hitting $81.05. The stock had a trading volume of 47,898 shares. The company has a 50-day moving average price of $84.44 and a 200-day moving average price of $82.14. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 29.46 and a beta of 0.66. Verisk Analytics, Inc. has a 52 week low of $75.60 and a 52 week high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The business had revenue of $523.20 million during the quarter, compared to analyst estimates of $519.67 million. During the same period in the previous year, the company posted $0.73 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Verisk Analytics, Inc. will post $3.14 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.com-unik.info/2017/08/11/verisk-analytics-inc-vrsk-position-reduced-by-montag-caldwell-llc.html.
A number of equities research analysts recently commented on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $82.00 price objective (down previously from $83.00) on shares of Verisk Analytics in a report on Tuesday, July 18th. Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. BMO Capital Markets increased their price target on Verisk Analytics from $81.00 to $83.00 and gave the stock a “market perform” rating in a report on Friday, July 14th. UBS AG restated a “sell” rating and issued a $75.00 price target (up from $71.00) on shares of Verisk Analytics in a report on Friday, July 14th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $85.00 price target (up from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Verisk Analytics presently has a consensus rating of “Hold” and an average target price of $85.00.
In other Verisk Analytics news, Director Andrew G. Mills sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $83.47, for a total transaction of $250,410.00. Following the completion of the sale, the director now directly owns 107,666 shares of the company’s stock, valued at approximately $8,986,881.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher M. Foskett sold 1,304 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total value of $107,527.84. Following the sale, the director now directly owns 9,989 shares of the company’s stock, valued at $823,692.94. The disclosure for this sale can be found here. Insiders have sold a total of 27,551 shares of company stock valued at $2,211,942 over the last three months. Corporate 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.
Want to see what other hedge funds are holding VRSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisk Analytics, Inc. (NASDAQ:VRSK).
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.