Dimensional Fund Advisors LP boosted its stake in Verisk Analytics Inc. (NASDAQ:VRSK) by 0.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 460,574 shares of the company’s stock after buying an additional 3,291 shares during the period. Dimensional Fund Advisors LP owned approximately 0.27% of Verisk Analytics worth $37,339,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parnassus Investments CA boosted its position in Verisk Analytics by 1.4% in the second quarter. Parnassus Investments CA now owns 4,455,107 shares of the company’s stock valued at $361,220,000 after buying an additional 61,061 shares during the last quarter. William Blair Investment Management LLC boosted its position in Verisk Analytics by 23.5% in the second quarter. William Blair Investment Management LLC now owns 2,316,835 shares of the company’s stock valued at $187,849,000 after buying an additional 440,817 shares during the last quarter. American Century Companies Inc. boosted its position in Verisk Analytics by 0.9% in the second quarter. American Century Companies Inc. now owns 1,744,784 shares of the company’s stock valued at $141,467,000 after buying an additional 15,398 shares during the last quarter. Geode Capital Management LLC boosted its position in Verisk Analytics by 1.8% in the first quarter. Geode Capital Management LLC now owns 1,297,468 shares of the company’s stock valued at $103,489,000 after buying an additional 22,392 shares during the last quarter. Finally, Eaton Vance Management boosted its position in Verisk Analytics by 23.3% in the second quarter. Eaton Vance Management now owns 1,139,317 shares of the company’s stock valued at $92,376,000 after buying an additional 214,955 shares during 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) opened at 80.34 on Wednesday. The stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of 23.05 and a beta of 0.54. The firm’s 50-day moving average is $81.25 and its 200 day moving average is $80.54. Verisk Analytics Inc. has a 52-week low of $64.79 and a 52-week high of $86.00.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.03. The business had revenue of $498.30 million for the quarter, compared to analysts’ expectations of $504.44 million. Verisk Analytics had a return on equity of 39.49% and a net margin of 28.54%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 EPS. Equities analysts expect that Verisk Analytics Inc. will post $3.00 EPS for the current year.
VRSK has been the topic of several research analyst reports. Zacks Investment Research raised shares of 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 research report on Wednesday, June 29th. Macquarie started coverage on shares of Verisk Analytics in a research report on Thursday, August 25th. They issued a “neutral” rating and a $88.00 target price for the company. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Verisk Analytics in a research 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 company. The company presently has a consensus rating of “Hold” and an average price target of $84.80.
In other news, COO Mark V. Anquillare sold 20,000 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $81.20, for a total transaction of $1,624,000.00. Following the sale, the chief operating officer now directly owns 74,090 shares in the company, valued at approximately $6,016,108. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Vincent De P. Mccarthy sold 2,400 shares of the firm’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 sale, the senior vice president now owns 34,349 shares in the company, valued at $2,791,543.23. The disclosure for this sale can be found here. Insiders own 3.47% of the company’s stock.
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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