Sterling Capital Management LLC Raises Position in Verisk Analytics, Inc. (VRSK)

Sterling Capital Management LLC increased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 934,587 shares of the business services provider’s stock after purchasing an additional 16,277 shares during the quarter. Sterling Capital Management LLC owned 0.57% of Verisk Analytics worth $78,851,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Verisk Analytics by 5.0% during the second quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock worth $1,295,340,000 after purchasing an additional 734,200 shares during the last quarter. BlackRock Inc. raised its holdings in Verisk Analytics by 2,758.9% during the first quarter. BlackRock Inc. now owns 9,612,882 shares of the business services provider’s stock worth $779,989,000 after purchasing an additional 9,276,635 shares during the last quarter. State Street Corp raised its holdings in Verisk Analytics by 1.2% during the first quarter. State Street Corp now owns 6,496,095 shares of the business services provider’s stock worth $527,082,000 after purchasing an additional 76,648 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Verisk Analytics by 1,487.4% during the second quarter. Janus Henderson Group PLC now owns 5,502,847 shares of the business services provider’s stock worth $464,275,000 after purchasing an additional 5,156,187 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Verisk Analytics by 96.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,199,787 shares of the business services provider’s stock worth $340,771,000 after purchasing an additional 2,060,620 shares during the last quarter. 93.28% of the stock is owned by hedge funds and other institutional investors.

Verisk Analytics, Inc. (NASDAQ:VRSK) traded down 0.543% during trading on Wednesday, reaching $83.285. The company’s stock had a trading volume of 165,680 shares. Verisk Analytics, Inc. has a 52 week low of $75.60 and a 52 week high of $88.17. The firm has a market capitalization of $13.71 billion, a P/E ratio of 30.396 and a beta of 0.70. The firm has a 50-day moving average price of $81.86 and a 200-day moving average price of $81.94.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data 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 company had revenue of $523.20 million during the quarter, compared to the consensus estimate of $519.67 million. During the same quarter in the prior year, the firm earned $0.73 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Verisk Analytics, Inc. will post $3.13 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Sterling Capital Management LLC Raises Position in Verisk Analytics, Inc. (VRSK)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.com-unik.info/2017/10/11/sterling-capital-management-llc-raises-position-in-verisk-analytics-inc-vrsk.html.

Several equities analysts recently issued reports on VRSK shares. BidaskClub raised Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Morgan Stanley reissued an “equal weight” rating and set a $82.00 price target (down previously from $83.00) on shares of Verisk Analytics in a research report on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and set a $83.00 price target on shares of Verisk Analytics in a research report on Friday, September 15th. Zacks Investment Research raised Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Verisk Analytics in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. Verisk Analytics presently has a consensus rating of “Hold” and an average price target of $84.83.

In other news, Director Andrew G. Mills sold 1,768 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $82.50, for a total value of $145,860.00. Following the completion of the sale, the director now owns 102,525 shares in the company, valued at $8,458,312.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew G. Mills sold 1,232 shares of the stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $82.50, for a total value of $101,640.00. Following the completion of the sale, the director now owns 104,293 shares of the company’s stock, valued at approximately $8,604,172.50. The disclosure for this sale can be found here. Insiders have sold a total of 17,304 shares of company stock valued at $1,410,728 in the last quarter. Insiders own 3.41% of the company’s stock.

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.

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).

Institutional Ownership by Quarter for Verisk Analytics (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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit