Alps Advisors Inc. decreased its stake in shares of Verisk Analytics Inc. (NASDAQ:VRSK) by 6.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,196 shares of the company’s stock after selling 384 shares during the period. Alps Advisors Inc.’s holdings in Verisk Analytics were worth $421,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its position in shares of Verisk Analytics by 65.5% in the first quarter. Riverhead Capital Management LLC now owns 41,621 shares of the company’s stock worth $3,327,000 after buying an additional 16,465 shares in the last quarter. Marsico Capital Management LLC boosted its position in shares of Verisk Analytics by 15.2% in the first quarter. Marsico Capital Management LLC now owns 49,049 shares of the company’s stock worth $3,920,000 after buying an additional 6,454 shares in the last quarter. AXA boosted its position in shares of Verisk Analytics by 185.9% in the first quarter. AXA now owns 301,300 shares of the company’s stock worth $24,080,000 after buying an additional 195,900 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Verisk Analytics by 0.7% in the first quarter. Pictet Asset Management Ltd. now owns 95,941 shares of the company’s stock worth $6,988,000 after buying an additional 700 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Verisk Analytics by 65.7% in the first quarter. UBS Group AG now owns 188,093 shares of the company’s stock worth $15,032,000 after buying an additional 74,601 shares in the last quarter. 90.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Verisk Analytics Inc. (NASDAQ:VRSK) traded down 0.18% on Friday, hitting $79.61. The stock had a trading volume of 521,985 shares. Verisk Analytics Inc. has a 12 month low of $64.79 and a 12 month high of $86.00. The firm’s 50-day moving average price is $81.83 and its 200 day moving average price is $80.47. The firm has a market cap of $13.45 billion, a P/E ratio of 22.84 and a beta of 0.54.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by $0.03. The company had revenue of $498.30 million for the quarter, compared to analysts’ expectations of $504.44 million. Verisk Analytics had a net margin of 28.54% and a return on equity of 39.49%. Verisk Analytics’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share. Analysts anticipate that Verisk Analytics Inc. will post $3.00 EPS for the current fiscal year.
A number of brokerages recently commented on VRSK. Cantor Fitzgerald set a $87.00 target price on Verisk Analytics and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Macquarie initiated coverage on Verisk Analytics in a report on Thursday, August 25th. They set a “neutral” rating and a $88.00 price target on the stock. Zacks Investment Research raised Verisk Analytics from a “sell” rating to a “hold” rating in a report on Saturday, August 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Verisk Analytics in a report on Wednesday, June 29th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $84.80.
In other Verisk Analytics news, COO Mark V. Anquillare sold 20,000 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $81.20, for a total value of $1,624,000.00. Following the sale, the chief operating officer now directly owns 74,090 shares of the company’s stock, valued at $6,016,108. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Vincent De P. Mccarthy sold 2,400 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $81.27, for a total transaction of $195,048.00. Following the completion of the sale, the senior vice president now directly owns 34,349 shares in the company, valued at $2,791,543.23. The disclosure for this sale can be found here. 3.47% of the stock is currently owned by company insiders.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government and risk management. The Company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence and economic forecasting, among others.
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