Schwab Charles Investment Management Inc. grew its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,538 shares of the business services provider’s stock after acquiring an additional 13,949 shares during the period. Schwab Charles Investment Management Inc. owned about 0.37% of Verisk Analytics worth $50,625,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in VRSK. Advisory Services Network LLC increased its position in shares of Verisk Analytics by 300.5% in the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock worth $143,000 after acquiring an additional 1,268 shares in the last quarter. Perigon Wealth Management LLC grew its position in Verisk Analytics by 61.2% during the second quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 669 shares in the last quarter. BB&T Investment Services Inc. acquired a new stake in shares of Verisk Analytics in the second quarter worth $153,000. Capstone Investment Advisors Netherlands B.V. acquired a new position in Verisk Analytics during the 2nd quarter valued at $161,000. Finally, Paradigm Asset Management Co. LLC raised its stake in Verisk Analytics by 5.4% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,950 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 100 shares during the last quarter. 93.27% of the stock is owned by institutional investors.
In related news, Director Andrew G. Mills sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $92.72, for a total value of $278,160.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christopher M. Foskett sold 5,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $91.02, for a total transaction of $500,610.00. Following the completion of the sale, the director now owns 15,489 shares in the company, valued at $1,409,808.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 311,146 shares of company stock worth $26,913,044. Corporate insiders own 3.41% of the company’s stock.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The company had revenue of $549.10 million for the quarter, compared to the consensus estimate of $527.97 million. During the same period in the prior year, the company posted $0.84 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. analysts forecast that Verisk Analytics, Inc. will post 3.17 earnings per share for the current year.
VRSK has been the subject of several research analyst reports. Barclays upped their target price on shares of Verisk Analytics from $86.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. BMO Capital Markets reiterated a “hold” rating and set a $83.00 target price on shares of Verisk Analytics in a research note on Friday, September 15th. Morgan Stanley upped their target price on shares of Verisk Analytics from $83.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, Robert W. Baird reiterated a “buy” rating on shares of Verisk Analytics in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Verisk Analytics has an average rating of “Hold” and a consensus target price of $89.07.
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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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