Macquarie Group Ltd. increased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 118.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,900 shares of the business services provider’s stock after purchasing an additional 3,200 shares during the quarter. Macquarie Group Ltd.’s holdings in Verisk Analytics were worth $498,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of Verisk Analytics by 2.2% during the second quarter. Royal Bank of Canada now owns 207,053 shares of the business services provider’s stock worth $17,469,000 after purchasing an additional 4,551 shares during the period. AHL Partners LLP boosted its holdings in shares of Verisk Analytics by 52.8% during the second quarter. AHL Partners LLP now owns 15,585 shares of the business services provider’s stock worth $1,314,000 after purchasing an additional 5,385 shares during the period. Capstone Investment Advisors Netherlands B.V. acquired a new stake in shares of Verisk Analytics during the second quarter worth approximately $161,000. HighTower Advisors LLC boosted its holdings in shares of Verisk Analytics by 2.7% during the second quarter. HighTower Advisors LLC now owns 3,914 shares of the business services provider’s stock worth $326,000 after purchasing an additional 104 shares during the period. Finally, Farallon Capital Management LLC acquired a new stake in shares of Verisk Analytics during the second quarter worth approximately $40,736,000. Institutional investors and hedge funds own 93.68% of the company’s stock.
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In other Verisk Analytics news, EVP Kenneth E. Thompson sold 69,793 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $85.08, for a total transaction of $5,937,988.44. Following the completion of the transaction, the executive vice president now owns 72,815 shares of the company’s stock, valued at approximately $6,195,100.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kenneth E. Thompson sold 80,207 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $85.13, for a total value of $6,828,021.91. Following the completion of the sale, the executive vice president now directly owns 107,264 shares of the company’s stock, valued at approximately $9,131,384.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 229,530 shares of company stock valued at $19,475,282. Insiders own 3.41% of the company’s stock.
Several analysts recently commented on the stock. Morgan Stanley raised their price target on shares of Verisk Analytics from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Royal Bank Of Canada restated a “hold” rating and set a $78.00 price target on shares of Verisk Analytics in a report on Friday, October 13th. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a report on Monday, October 9th. BMO Capital Markets restated a “hold” rating and set a $83.00 price target on shares of Verisk Analytics in a report on Friday, September 15th. Finally, Keefe, Bruyette & Woods set a $90.00 price target on shares of Verisk Analytics and gave the stock a “buy” rating in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $84.58.
Verisk Analytics, Inc. (NASDAQ:VRSK) opened at 84.70 on Tuesday. The company’s 50-day moving average is $83.26 and its 200 day moving average is $82.41. The company has a market cap of $13.94 billion, a price-to-earnings ratio of 30.79 and a beta of 0.70. Verisk Analytics, Inc. has a 12 month low of $75.60 and a 12 month high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping 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 firm 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 posted $0.73 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that Verisk Analytics, Inc. will post $3.13 earnings per share for the current fiscal year.
Verisk Analytics 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.
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