Rockefeller Financial Services Inc. raised its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 25.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,794 shares of the business services provider’s stock after buying an additional 772 shares during the period. Rockefeller Financial Services Inc.’s holdings in Verisk Analytics were worth $320,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of VRSK. BlackRock Inc. raised its stake in shares of 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 buying an additional 9,276,635 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of 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 buying an additional 2,060,620 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Verisk Analytics by 2.6% in the first quarter. Vanguard Group Inc. now owns 14,618,893 shares of the business services provider’s stock worth $1,186,178,000 after buying an additional 369,542 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Verisk Analytics by 11.5% in the first quarter. Alliancebernstein L.P. now owns 3,018,367 shares of the business services provider’s stock worth $244,910,000 after buying an additional 311,616 shares during the last quarter. Finally, Parnassus Investments CA raised its position in shares of Verisk Analytics by 5.9% in the first quarter. Parnassus Investments CA now owns 5,459,968 shares of the business services provider’s stock worth $430,617,000 after buying an additional 303,701 shares during the last quarter. Institutional investors and hedge funds own 92.00% of the company’s stock.
Verisk Analytics, Inc. (VRSK) traded up 0.71% on Friday, reaching $86.88. The company had a trading volume of 292,042 shares. Verisk Analytics, Inc. has a 1-year low of $75.60 and a 1-year high of $87.40. The company’s 50-day moving average price is $83.28 and its 200 day moving average price is $81.82. The firm has a market capitalization of $14.36 billion, a P/E ratio of 24.42 and a beta of 0.65.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by $0.04. Verisk Analytics had a net margin of 30.29% and a return on equity of 37.52%. The business had revenue of $502.60 million for the quarter, compared to analysts’ expectations of $511.99 million. On average, equities analysts forecast that Verisk Analytics, Inc. will post $3.18 EPS for the current year.
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VRSK has been the subject of a number of research analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $92.00 price objective on shares of Verisk Analytics in a research report on Tuesday, May 2nd. J P Morgan Chase & Co lowered Verisk Analytics from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $87.00 to $75.00 in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. BMO Capital Markets raised their price objective on Verisk Analytics from $81.00 to $83.00 and gave the company a “market perform” rating in a research report on Friday, July 14th. Finally, Royal Bank Of Canada cut their price objective on Verisk Analytics from $85.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $85.00.
In related news, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $82.50, for a total transaction of $247,500.00. Following the completion of the sale, the director now owns 110,666 shares of the company’s stock, valued at approximately $9,129,945. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John F. Lehman sold 8,247 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $78.72, for a total transaction of $649,203.84. Following the sale, the director now directly owns 115,073 shares of the company’s stock, valued at approximately $9,058,546.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,247 shares of company stock valued at $2,351,914. 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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