Royal Bank of Canada boosted its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,053 shares of the business services provider’s stock after purchasing an additional 4,551 shares during the period. Royal Bank of Canada owned approximately 0.13% of Verisk Analytics worth $17,469,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of VRSK. BlackRock Inc. lifted its stake in Verisk Analytics by 2,758.9% in the first quarter. BlackRock Inc. now owns 9,612,882 shares of the business services provider’s stock worth $779,989,000 after purchasing an additional 9,276,635 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Verisk Analytics by 96.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,199,787 shares of the business services provider’s stock worth $340,771,000 after purchasing an additional 2,060,620 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Verisk Analytics by 70.8% in the second quarter. Neuberger Berman Group LLC now owns 2,872,109 shares of the business services provider’s stock worth $242,320,000 after purchasing an additional 1,190,340 shares during the last quarter. Vanguard Group Inc. lifted its stake in Verisk Analytics by 5.0% in the second quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock worth $1,295,340,000 after purchasing an additional 734,200 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new stake in Verisk Analytics in the second quarter worth $53,513,000. 93.28% of the stock is owned by institutional investors and hedge funds.
Shares of Verisk Analytics, Inc. (VRSK) opened at 83.82 on Friday. Verisk Analytics, Inc. has a 1-year low of $75.60 and a 1-year high of $88.17. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 30.47 and a beta of 0.70. The company’s 50-day moving average is $81.98 and its 200 day moving average is $81.96.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The business 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 company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. Equities analysts anticipate that Verisk Analytics, Inc. will post $3.13 EPS for the current year.
In other news, Director Andrew G. Mills sold 1,232 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $82.50, for a total value of $101,640.00. Following the transaction, the director now owns 104,293 shares of the company’s stock, valued at approximately $8,604,172.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew G. Mills sold 3,000 shares of Verisk Analytics stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $82.50, for a total transaction of $247,500.00. Following the completion of the transaction, the director now directly owns 105,525 shares in the company, valued at approximately $8,705,812.50. The disclosure for this sale can be found here. Insiders have sold a total of 17,304 shares of company stock worth $1,410,728 in the last three months. Insiders own 3.41% of the company’s stock.
Several research firms have weighed in on VRSK. UBS AG reissued a “sell” rating and issued a $75.00 price target (up from $71.00) on shares of Verisk Analytics in a research note on Friday, July 14th. BidaskClub upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. SunTrust Banks, Inc. cut shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price objective on the stock. in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Morgan Stanley restated an “equal weight” rating and issued a $82.00 price objective (down previously from $83.00) on shares of Verisk Analytics in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Verisk Analytics has a consensus rating of “Hold” and an average target price of $84.83.
About Verisk Analytics
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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