Commerzbank Aktiengesellschaft FI lowered its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 73.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,625 shares of the business services provider’s stock after selling 7,342 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Verisk Analytics were worth $221,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Sawtooth Solutions LLC increased its holdings in shares of Verisk Analytics by 6.1% in the second quarter. Sawtooth Solutions LLC now owns 6,365 shares of the business services provider’s stock valued at $537,000 after purchasing an additional 365 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Verisk Analytics by 24.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 56,652 shares of the business services provider’s stock valued at $4,780,000 after purchasing an additional 11,010 shares during the period. Delta Lloyd Asset Management N.V. acquired a new position in shares of Verisk Analytics in the second quarter valued at approximately $11,848,000. Swiss National Bank increased its holdings in shares of Verisk Analytics by 2.3% in the second quarter. Swiss National Bank now owns 646,243 shares of the business services provider’s stock valued at $54,524,000 after purchasing an additional 14,600 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in shares of Verisk Analytics by 10.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 9,323 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 918 shares during the period. 93.33% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Andrew G. Mills sold 3,000 shares of Verisk Analytics stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $83.47, for a total value of $250,410.00. Following the transaction, the director now directly owns 107,666 shares in the company, valued at approximately $8,986,881.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher M. Foskett sold 1,304 shares of Verisk Analytics stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total value of $107,527.84. Following the completion of the transaction, the director now owns 9,989 shares in the company, valued at $823,692.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,304 shares of company stock worth $1,413,638. 3.41% of the stock is owned by insiders.
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Verisk Analytics, Inc. (NASDAQ VRSK) opened at 82.90 on Wednesday. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 30.13 and a beta of 0.68. The company’s 50-day moving average price is $82.44 and its 200-day moving average price is $81.76. Verisk Analytics, Inc. has a one year low of $75.60 and a one year high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The company had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $519.67 million. During the same period last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts anticipate that Verisk Analytics, Inc. will post $3.14 EPS for the current year.
VRSK has been the topic of a number of recent research reports. BidaskClub raised Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Morgan Stanley reissued an “equal weight” rating and issued a $82.00 target price (down previously from $83.00) on shares of Verisk Analytics in a report on Tuesday, July 18th. BMO Capital Markets boosted their target price on Verisk Analytics from $81.00 to $83.00 and gave the company a “market perform” rating in a report on Friday, July 14th. Zacks Investment Research raised Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Verisk Analytics in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $85.38.
Verisk Analytics 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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