Parnassus Investments CA grew its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,790,599 shares of the business services provider’s stock after buying an additional 36,955 shares during the period. Verisk Analytics accounts for 2.3% of Parnassus Investments CA’s investment portfolio, making the stock its 18th biggest position. Parnassus Investments CA’s holdings in Verisk Analytics were worth $522,367,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in the stock. Aperio Group LLC grew its holdings in Verisk Analytics by 5.2% in the 3rd quarter. Aperio Group LLC now owns 55,502 shares of the business services provider’s stock valued at $6,691,000 after buying an additional 2,723 shares during the period. Nikko Asset Management Americas Inc. grew its holdings in Verisk Analytics by 48.3% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 392,648 shares of the business services provider’s stock valued at $47,569,000 after buying an additional 127,813 shares during the period. Carroll Financial Associates Inc. grew its holdings in Verisk Analytics by 87.6% in the 4th quarter. Carroll Financial Associates Inc. now owns 452 shares of the business services provider’s stock valued at $49,000 after buying an additional 211 shares during the period. EULAV Asset Management purchased a new stake in shares of Verisk Analytics during the 3rd quarter worth about $627,000. Finally, MetLife Investment Advisors LLC grew its holdings in shares of Verisk Analytics by 4.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 47,908 shares of the business services provider’s stock worth $5,775,000 after purchasing an additional 2,179 shares during the period. 95.94% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on VRSK shares. Zacks Investment Research cut Verisk Analytics from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Morgan Stanley set a $119.00 target price on Verisk Analytics and gave the stock a “hold” rating in a report on Tuesday, January 8th. BidaskClub upgraded Verisk Analytics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. UBS Group decreased their target price on Verisk Analytics from $104.00 to $100.00 and set a “sell” rating for the company in a report on Tuesday, January 8th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $135.00 target price on shares of Verisk Analytics in a report on Thursday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $116.00.
In related news, insider Vincent De P. Mccarthy sold 3,090 shares of the business’s stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $114.09, for a total transaction of $352,538.10. Following the transaction, the insider now directly owns 37,127 shares of the company’s stock, valued at approximately $4,235,819.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew G. Mills sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $110.97, for a total value of $332,910.00. Following the transaction, the director now directly owns 69,605 shares in the company, valued at $7,724,066.85. The disclosure for this sale can be found here. Insiders have sold a total of 121,978 shares of company stock worth $14,260,923 over the last three months. 3.19% of the stock is currently owned by corporate insiders.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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