Nordea Investment Management AB grew its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,344 shares of the business services provider’s stock after buying an additional 1,493 shares during the quarter. Nordea Investment Management AB’s holdings in Verisk Analytics were worth $2,192,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC lifted its stake in Verisk Analytics by 300.5% during the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock worth $143,000 after purchasing an additional 1,268 shares during the last quarter. Perigon Wealth Management LLC lifted its stake 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 worth $149,000 after purchasing an additional 669 shares during the last quarter. BB&T Investment Services Inc. bought a new position in Verisk Analytics during the second quarter worth $153,000. Capstone Investment Advisors Netherlands B.V. bought a new position in Verisk Analytics during the second quarter worth $161,000. Finally, Paradigm Asset Management Co. LLC lifted its stake in Verisk Analytics by 5.4% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,950 shares of the business services provider’s stock worth $165,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.
Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods set a $101.00 price objective on Verisk Analytics and gave the stock a “buy” rating in a research note on Friday, December 1st. Goldman Sachs Group assumed coverage on Verisk Analytics in a research note on Wednesday, November 8th. They set a “neutral” rating and a $89.00 price objective on the stock. Credit Suisse Group raised their price objective on Verisk Analytics from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Barclays raised their price objective on Verisk Analytics from $86.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Finally, Morgan Stanley raised their price objective on Verisk Analytics from $83.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. One equities 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 presently has a consensus rating of “Hold” and a consensus price target of $89.07.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.06. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The firm had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. During the same period last year, the company earned $0.84 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. equities analysts anticipate that Verisk Analytics, Inc. will post 3.17 EPS for the current fiscal year.
In other news, CAO David J. Grover sold 6,500 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $82.45, for a total transaction of $535,925.00. Following the transaction, the chief accounting officer now directly owns 13,028 shares of the company’s stock, valued at $1,074,158.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $82.50, for a total value of $247,500.00. Following the transaction, the director now directly owns 105,525 shares in the company, valued at $8,705,812.50. The disclosure for this sale can be found here. Insiders sold 311,146 shares of company stock worth $26,913,044 over the last ninety days. 3.41% of the stock is owned by corporate insiders.
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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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