RPg Family Wealth Advisory LLC cut its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,926 shares of the business services provider’s stock after selling 1,321 shares during the period. Verisk Analytics accounts for about 4.0% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 9th largest holding. RPg Family Wealth Advisory LLC’s holdings in Verisk Analytics were worth $4,135,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Avalon Advisors LLC lifted its holdings in Verisk Analytics by 5.9% in the fourth quarter. Avalon Advisors LLC now owns 38,451 shares of the business services provider’s stock valued at $4,193,000 after acquiring an additional 2,153 shares during the last quarter. Mackay Shields LLC raised its position in Verisk Analytics by 126.9% in the fourth quarter. Mackay Shields LLC now owns 59,616 shares of the business services provider’s stock valued at $6,500,000 after purchasing an additional 33,347 shares during the period. Fundsmith LLP purchased a new stake in Verisk Analytics in the fourth quarter valued at approximately $49,116,000. Achmea Investment Management B.V. raised its position in Verisk Analytics by 299.5% in the fourth quarter. Achmea Investment Management B.V. now owns 18,371 shares of the business services provider’s stock valued at $2,003,000 after purchasing an additional 13,772 shares during the period. Finally, LMR Partners LLP purchased a new stake in Verisk Analytics in the fourth quarter valued at approximately $765,000. Hedge funds and other institutional investors own 91.44% of the company’s stock.
In other news, Director David B. Wright sold 11,250 shares of the company’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $125.27, for a total transaction of $1,409,287.50. Following the sale, the director now owns 32,291 shares of the company’s stock, valued at $4,045,093.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott G. Stephenson sold 19,023 shares of the company’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $112.62, for a total value of $2,142,370.26. Following the sale, the chief executive officer now directly owns 860,927 shares in the company, valued at approximately $96,957,598.74. The disclosure for this sale can be found here. Insiders have sold 54,161 shares of company stock worth $6,427,138 in the last ninety days. Corporate insiders own 3.19% of the company’s stock.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, February 19th. The business services provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.03). Verisk Analytics had a return on equity of 32.77% and a net margin of 25.00%. The company had revenue of $613.90 million for the quarter, compared to analysts’ expectations of $613.07 million. During the same period in the prior year, the company posted $0.81 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. Sell-side analysts predict that Verisk Analytics, Inc. will post 4.46 earnings per share for the current year.
The business also recently disclosed a special dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 14th.
A number of brokerages have issued reports on VRSK. UBS Group boosted their target price on Verisk Analytics from $100.00 to $106.00 and gave the company a “sell” rating in a research report on Tuesday. Robert W. Baird set a $137.00 target price on Verisk Analytics and gave the company an “outperform” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Morgan Stanley set a $119.00 target price on Verisk Analytics and gave the company a “hold” rating in a research report on Tuesday, January 8th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $125.00 target price on shares of Verisk Analytics in a research report on Friday, December 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $118.70.
About Verisk Analytics
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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