Jane Street Group LLC lifted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 38.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,527 shares of the business services provider’s stock after acquiring an additional 5,681 shares during the quarter. Jane Street Group LLC’s holdings in Verisk Analytics were worth $1,971,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRSK. Sei Investments Co. boosted its stake in shares of Verisk Analytics by 77.1% during the 3rd quarter. Sei Investments Co. now owns 71,678 shares of the business services provider’s stock worth $5,963,000 after acquiring an additional 31,207 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Verisk Analytics by 1.6% during the 3rd quarter. New York State Common Retirement Fund now owns 496,897 shares of the business services provider’s stock valued at $41,337,000 after purchasing an additional 7,819 shares during the period. Bank of New York Mellon Corp boosted its stake in Verisk Analytics by 5.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,229,343 shares of the business services provider’s stock valued at $102,268,000 after purchasing an additional 64,376 shares during the period. Russell Investments Group Ltd. boosted its stake in Verisk Analytics by 3.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 316,264 shares of the business services provider’s stock valued at $26,304,000 after purchasing an additional 11,789 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Verisk Analytics during the 3rd quarter valued at approximately $247,000. Institutional investors own 92.44% of the company’s stock.
VRSK stock opened at $102.11 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $17,335.42, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 2.41 and a beta of 0.71. Verisk Analytics, Inc. has a twelve month low of $75.60 and a twelve month high of $106.07.
Several brokerages recently weighed in on VRSK. BidaskClub upgraded Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Keefe, Bruyette & Woods set a $112.00 target price on Verisk Analytics and gave the company a “buy” rating in a research note on Friday, February 23rd. Zacks Investment Research upgraded Verisk Analytics from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a research note on Monday, February 26th. Morgan Stanley increased their target price on Verisk Analytics from $91.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Finally, SunTrust Banks increased their target price on Verisk Analytics to $105.00 and gave the company a “hold” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $103.07.
In other Verisk Analytics news, EVP Kenneth E. Thompson sold 60,569 shares of the company’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $105.15, for a total value of $6,368,830.35. Following the completion of the transaction, the executive vice president now owns 67,551 shares of the company’s stock, valued at approximately $7,102,987.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Lee Shavel purchased 399 shares of the business’s stock in a transaction 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 acquisition, the chief financial officer now owns 23,128 shares in the company, valued at $2,175,188.40. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,141 shares of company stock valued at $112,216 and sold 401,642 shares valued at $41,814,853. Corporate insiders own 3.41% of the company’s stock.
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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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