First Manhattan Co. boosted its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.6% during the second quarter, Holdings Channel reports. The fund owned 3,658 shares of the business services provider’s stock after buying an additional 58 shares during the period. First Manhattan Co.’s holdings in Verisk Analytics were worth $308,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC increased its stake in Verisk Analytics by 45.8% in the second quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock worth $112,000 after buying an additional 418 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Verisk Analytics by 40.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock worth $112,000 after buying an additional 380 shares during the last quarter. Huntington National Bank increased its stake in Verisk Analytics by 29.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock worth $131,000 after buying an additional 354 shares during the last quarter. Ledyard National Bank increased its stake in Verisk Analytics by 40.4% in the first quarter. Ledyard National Bank now owns 2,085 shares of the business services provider’s stock worth $169,000 after buying an additional 600 shares during the last quarter. Finally, Atria Investments LLC purchased a new stake in Verisk Analytics during the second quarter worth approximately $223,000. Institutional investors and hedge funds own 93.14% of the company’s stock.
Shares of Verisk Analytics, Inc. (VRSK) opened at 81.53 on Thursday. The company’s 50-day moving average is $84.54 and its 200-day moving average is $82.15. Verisk Analytics, Inc. has a 12 month low of $75.60 and a 12 month high of $88.17. The stock has a market capitalization of $13.42 billion, a PE ratio of 29.64 and a beta of 0.66.
Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The firm had revenue of $523.20 million for the quarter, compared to the consensus estimate of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. Equities research analysts expect that Verisk Analytics, Inc. will post $3.13 earnings per share for the current fiscal year.
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A number of analysts have recently commented on VRSK shares. Cantor Fitzgerald restated a “buy” rating and set a $92.00 price objective on shares of Verisk Analytics in a report on Tuesday, May 2nd. Morgan Stanley restated an “equal weight” rating and set a $82.00 price objective (down from $83.00) on shares of Verisk Analytics in a report on Tuesday, July 18th. SunTrust Banks, Inc. downgraded Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price objective for the company. in a report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating on shares of Verisk Analytics in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $85.00.
In related news, Director David B. Wright sold 15,000 shares of Verisk Analytics stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $80.32, for a total value of $1,204,800.00. Following the transaction, the director now owns 22,025 shares in the company, valued at approximately $1,769,048. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John F. Lehman sold 8,247 shares of Verisk Analytics stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $78.72, for a total transaction of $649,203.84. Following the completion of the transaction, the director now owns 115,073 shares in the company, valued at approximately $9,058,546.56. The disclosure for this sale can be found here. Insiders sold a total of 27,551 shares of company stock worth $2,211,942 in the last quarter. Insiders own 3.41% of the company’s stock.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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