Retirement Systems of Alabama increased its position in Verisk Analytics Inc. (NASDAQ:VRSK) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 78,874 shares of the company’s stock after buying an additional 268 shares during the period. Retirement Systems of Alabama’s holdings in Verisk Analytics were worth $6,395,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Aperio Group LLC increased its stake in shares of Verisk Analytics by 6.1% in the first quarter. Aperio Group LLC now owns 37,634 shares of the company’s stock worth $3,008,000 after buying an additional 2,179 shares during the period. Prudential Financial Inc. boosted its position in Verisk Analytics by 1.6% in the first quarter. Prudential Financial Inc. now owns 188,074 shares of the company’s stock worth $15,031,000 after buying an additional 2,960 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Verisk Analytics by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,048,467 shares of the company’s stock worth $323,553,000 after buying an additional 12,892 shares in the last quarter. M&T Bank Corp boosted its position in Verisk Analytics by 82.5% in the first quarter. M&T Bank Corp now owns 30,046 shares of the company’s stock worth $2,402,000 after buying an additional 13,584 shares in the last quarter. Finally, Aviva PLC boosted its position in Verisk Analytics by 1.0% in the first quarter. Aviva PLC now owns 78,647 shares of the company’s stock worth $6,285,000 after buying an additional 750 shares in the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.
Shares of Verisk Analytics Inc. (NASDAQ:VRSK) traded down 0.87% during trading on Tuesday, hitting $79.40. The stock had a trading volume of 648,135 shares. The stock has a 50-day moving average of $81.78 and a 200 day moving average of $80.52. Verisk Analytics Inc. has a 12-month low of $64.79 and a 12-month high of $86.00. The firm has a market cap of $13.42 billion, a price-to-earnings ratio of 22.78 and a beta of 0.54.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.03. Verisk Analytics had a return on equity of 39.49% and a net margin of 28.54%. The company earned $498.30 million during the quarter, compared to analyst estimates of $504.44 million. During the same period last year, the firm earned $0.77 earnings per share. The business’s revenue was up 16.3% compared to the same quarter last year. On average, analysts predict that Verisk Analytics Inc. will post $3.00 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on VRSK shares. Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Morgan Stanley reiterated an “overweight” rating on shares of Verisk Analytics in a report on Wednesday, June 29th. Macquarie started coverage on Verisk Analytics in a report on Thursday, August 25th. They set a “neutral” rating and a $88.00 price target for the company. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Verisk Analytics in a report on Friday, August 19th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $84.80.
In other news, COO Mark V. Anquillare sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $81.62, for a total value of $1,632,400.00. Following the completion of the transaction, the chief operating officer now directly owns 74,090 shares of the company’s stock, valued at $6,047,225.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank J. Coyne sold 62,048 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $81.53, for a total value of $5,058,773.44. Following the completion of the transaction, the director now directly owns 106,563 shares of the company’s stock, valued at $8,688,081.39. The disclosure for this sale can be found here. 3.47% of the stock is owned by insiders.
About Verisk Analytics
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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