William Blair Investment Management LLC lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 26.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,214,058 shares of the business services provider’s stock after selling 445,529 shares during the quarter. William Blair Investment Management LLC owned about 0.74% of Verisk Analytics worth $146,355,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Waddell & Reed Financial Inc. boosted its position in shares of Verisk Analytics by 729.7% during the second quarter. Waddell & Reed Financial Inc. now owns 1,836,705 shares of the business services provider’s stock valued at $197,703,000 after purchasing an additional 1,615,337 shares in the last quarter. Bessemer Group Inc. increased its position in Verisk Analytics by 50,719.1% in the third quarter. Bessemer Group Inc. now owns 951,842 shares of the business services provider’s stock worth $114,743,000 after buying an additional 949,969 shares in the last quarter. JPMorgan Chase & Co. increased its position in Verisk Analytics by 250.6% in the third quarter. JPMorgan Chase & Co. now owns 995,252 shares of the business services provider’s stock worth $119,978,000 after buying an additional 711,385 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Verisk Analytics by 6.3% in the third quarter. BlackRock Inc. now owns 11,150,469 shares of the business services provider’s stock worth $1,344,188,000 after acquiring an additional 662,844 shares during the period. Finally, Triple Frond Partners LLC bought a new position in shares of Verisk Analytics in the second quarter worth about $41,724,000. 94.09% of the stock is currently owned by institutional investors.
Shares of Verisk Analytics stock traded up $0.07 during trading hours on Friday, reaching $123.90. 2,013 shares of the company were exchanged, compared to its average volume of 905,754. Verisk Analytics, Inc. has a 1 year low of $90.60 and a 1 year high of $124.83. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $20.38 billion, a P/E ratio of 38.59, a P/E/G ratio of 2.56 and a beta of 0.58.
Several equities research analysts have recently weighed in on VRSK shares. Zacks Investment Research reiterated a “hold” rating on shares of Verisk Analytics in a report on Saturday, November 17th. SunTrust Banks raised their price objective on Verisk Analytics to $120.00 in a research report on Thursday, November 1st. Robert W. Baird lifted their price target on Verisk Analytics from $125.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. BidaskClub upgraded Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Finally, Bank of America began coverage on Verisk Analytics in a report on Tuesday, October 23rd. They issued a “neutral” rating and a $125.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $112.17.
In related news, CEO Scott G. Stephenson sold 18,063 shares of Verisk Analytics stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $119.26, for a total transaction of $2,154,193.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mark V. Anquillare sold 53,125 shares of Verisk Analytics stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $121.08, for a total transaction of $6,432,375.00. Following the sale, the chief operating officer now directly owns 74,019 shares in the company, valued at approximately $8,962,220.52. The disclosure for this sale can be found here. Over the last three months, insiders have bought 936 shares of company stock valued at $112,080 and have sold 302,981 shares valued at $36,208,141. Company insiders own 3.19% of the company’s stock.
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Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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