Gateway Investment Advisers LLC trimmed its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,806 shares of the business services provider’s stock after selling 19,028 shares during the period. Gateway Investment Advisers LLC’s holdings in Verisk Analytics were worth $20,237,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Veritable L.P. increased its holdings in Verisk Analytics by 1.3% in the second quarter. Veritable L.P. now owns 3,170 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 41 shares during the period. Gotham Asset Management LLC increased its holdings in Verisk Analytics by 1.7% in the second quarter. Gotham Asset Management LLC now owns 2,702 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 46 shares during the period. Fiera Capital Corp increased its holdings in Verisk Analytics by 0.6% in the second quarter. Fiera Capital Corp now owns 8,778 shares of the business services provider’s stock valued at $741,000 after purchasing an additional 54 shares during the period. Bancorpsouth Inc. increased its holdings in Verisk Analytics by 1.2% in the second quarter. Bancorpsouth Inc. now owns 5,674 shares of the business services provider’s stock valued at $479,000 after purchasing an additional 66 shares during the period. Finally, Sentry Investment Management LLC increased its holdings in Verisk Analytics by 0.9% in the second quarter. Sentry Investment Management LLC now owns 10,963 shares of the business services provider’s stock valued at $925,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 92.91% of the company’s stock.
A number of research firms recently weighed in on VRSK. BidaskClub downgraded Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Zacks Investment Research upgraded Verisk Analytics from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Saturday, January 6th. BMO Capital Markets increased their price objective on Verisk Analytics from $83.00 to $91.00 and gave the company a “market perform” rating in a report on Thursday, November 2nd. Royal Bank of Canada restated a “hold” rating and issued a $78.00 price objective on shares of Verisk Analytics in a report on Friday, October 13th. Finally, Credit Suisse Group upped their price target on shares of Verisk Analytics from $85.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $92.64.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.06. The business had revenue of $549.10 million for the quarter, compared to analysts’ expectations of $527.97 million. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. equities research analysts expect that Verisk Analytics, Inc. will post 3.17 EPS for the current fiscal year.
In related news, CEO Scott G. Stephenson acquired 22,200 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were bought at an average price of $91.16 per share, with a total value of $2,023,752.00. Following the transaction, the chief executive officer now directly owns 577,441 shares of the company’s stock, valued at $52,639,521.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Kenneth E. Thompson sold 62,226 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $85.15, for a total transaction of $5,298,543.90. Following the transaction, the executive vice president now directly owns 107,264 shares in the company, valued at approximately $9,133,529.60. The disclosure for this sale can be found here. In the last three months, insiders have bought 22,978 shares of company stock worth $2,098,817 and have sold 327,172 shares worth $28,591,387. 3.41% of the stock is owned by corporate insiders.
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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