Commerce Bank lowered its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 9.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,795 shares of the business services provider’s stock after selling 4,655 shares during the period. Commerce Bank’s holdings in Verisk Analytics were worth $4,396,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of VRSK. BlackRock Inc. boosted its position in Verisk Analytics by 0.9% in the 4th quarter. BlackRock Inc. now owns 9,751,852 shares of the business services provider’s stock worth $936,178,000 after purchasing an additional 86,377 shares in the last quarter. Parnassus Investments CA boosted its position in Verisk Analytics by 1.1% in the 4th quarter. Parnassus Investments CA now owns 6,424,319 shares of the business services provider’s stock worth $616,735,000 after purchasing an additional 71,746 shares in the last quarter. Harding Loevner LP boosted its position in Verisk Analytics by 95.4% in the 3rd quarter. Harding Loevner LP now owns 5,847,407 shares of the business services provider’s stock worth $243,146,000 after purchasing an additional 2,855,204 shares in the last quarter. Principal Financial Group Inc. boosted its position in Verisk Analytics by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 4,041,740 shares of the business services provider’s stock worth $336,233,000 after purchasing an additional 47,683 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its position in Verisk Analytics by 6.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,816,797 shares of the business services provider’s stock worth $151,102,000 after purchasing an additional 103,564 shares in the last quarter. Hedge funds and other institutional investors own 92.89% of the company’s stock.
In other news, CFO Lee Shavel acquired 399 shares of Verisk Analytics stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $94.05 per share, with a total value of $37,525.95. Following the purchase, the chief financial officer now owns 23,128 shares in the company, valued at $2,175,188.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John F. Lehman sold 10,526 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $95.11, for a total value of $1,001,127.86. Following the completion of the transaction, the director now directly owns 92,656 shares of the company’s stock, valued at $8,812,512.16. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,177 shares of company stock valued at $112,591 and sold 105,113 shares valued at $10,382,685. 3.41% of the stock is currently owned by corporate insiders.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, February 20th. The business services provider reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.56. Verisk Analytics had a return on equity of 33.58% and a net margin of 25.88%. The firm had revenue of $570.30 million during the quarter, compared to the consensus estimate of $557.09 million. During the same period in the prior year, the company earned $0.80 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. equities analysts predict that Verisk Analytics, Inc. will post 3.96 earnings per share for the current year.
Several equities research analysts have commented on VRSK shares. Robert W. Baird restated a “buy” rating on shares of Verisk Analytics in a research report on Wednesday, November 1st. Cantor Fitzgerald restated a “buy” rating and issued a $92.00 price objective on shares of Verisk Analytics in a research report on Wednesday, November 1st. SunTrust Banks restated a “hold” rating and issued a $85.00 price objective on shares of Verisk Analytics in a research report on Wednesday, November 1st. BMO Capital Markets upped their price objective on Verisk Analytics from $83.00 to $91.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. Finally, Morgan Stanley upped their price objective on Verisk Analytics from $83.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $103.07.
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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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