State Treasurer State of Michigan cut its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,516 shares of the business services provider’s stock after selling 300 shares during the period. State Treasurer State of Michigan’s holdings in Verisk Analytics were worth $4,262,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of VRSK. Integrated Investment Consultants LLC raised its position in Verisk Analytics by 45.8% in the second quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock valued at $112,000 after buying an additional 418 shares during the last quarter. Ledyard National Bank raised its position 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 valued at $169,000 after buying an additional 600 shares during the last quarter. Atria Investments LLC purchased a new position in Verisk Analytics during the second quarter valued at $223,000. Weatherstone Capital Management raised its position in Verisk Analytics by 5.3% in the first quarter. Weatherstone Capital Management now owns 2,818 shares of the business services provider’s stock valued at $229,000 after buying an additional 142 shares during the last quarter. Finally, Conning Inc. raised its position in Verisk Analytics by 3.1% in the first quarter. Conning Inc. now owns 2,990 shares of the business services provider’s stock valued at $243,000 after buying an additional 90 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.
Shares of Verisk Analytics, Inc. (VRSK) traded up 0.05% during midday trading on Friday, reaching $80.62. 551,070 shares of the company traded hands. The company’s 50 day moving average is $84.37 and its 200-day moving average is $82.13. Verisk Analytics, Inc. has a 12 month low of $75.60 and a 12 month high of $88.17. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 29.31 and a beta of 0.66.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The firm had revenue of $523.20 million for the quarter, compared to analyst estimates of $519.67 million. During the same quarter last year, the firm posted $0.73 earnings per share. Verisk Analytics’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts forecast that Verisk Analytics, Inc. will post $3.14 earnings per share for the current fiscal year.
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VRSK has been the topic of a number of research analyst reports. Credit Suisse Group reissued a “neutral” rating and issued a $85.00 price target (up from $80.00) on shares of Verisk Analytics in a research note on Thursday, August 3rd. UBS AG reissued a “sell” rating and issued a $75.00 price target (up from $71.00) on shares of Verisk Analytics in a research note on Friday, July 14th. SunTrust Banks, Inc. downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a research note on Thursday, August 3rd. BMO Capital Markets boosted their price target on shares of Verisk Analytics from $81.00 to $83.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Verisk Analytics in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Verisk Analytics presently has a consensus rating of “Hold” and a consensus target price of $85.00.
In other news, Director Christopher M. Foskett sold 1,304 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $82.46, for a total transaction of $107,527.84. Following the sale, the director now owns 9,989 shares in the company, valued at $823,692.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John F. Lehman sold 8,247 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $78.72, for a total transaction of $649,203.84. Following the sale, the director now owns 115,073 shares in the company, valued at approximately $9,058,546.56. The disclosure for this sale can be found here. Insiders sold 27,551 shares of company stock worth $2,211,942 in the last 90 days. 3.41% of the stock is currently owned by insiders.
About Verisk Analytics
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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