APG Asset Management N.V. increased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 20.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 330,698 shares of the business services provider’s stock after buying an additional 56,700 shares during the period. APG Asset Management N.V. owned about 0.20% of Verisk Analytics worth $27,901,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VRSK. Integrated Investment Consultants LLC boosted its position in shares of Verisk Analytics by 45.8% in the second quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock worth $112,000 after buying an additional 418 shares during the last quarter. Ledyard National Bank boosted its position in shares of Verisk Analytics by 40.4% in the first quarter. Ledyard National Bank now owns 2,085 shares of the business services provider’s stock worth $169,000 after buying an additional 600 shares during the last quarter. Atria Investments LLC bought a new position in shares of Verisk Analytics during the second quarter worth about $223,000. Weatherstone Capital Management boosted its position in shares of Verisk Analytics by 5.3% in the first quarter. Weatherstone Capital Management now owns 2,818 shares of the business services provider’s stock worth $229,000 after buying an additional 142 shares during the last quarter. Finally, Conning Inc. boosted its position in shares of Verisk Analytics by 3.1% in the first quarter. Conning Inc. now owns 2,990 shares of the business services provider’s stock worth $243,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.
Shares of Verisk Analytics, Inc. (NASDAQ:VRSK) traded down 0.76% during mid-day trading on Tuesday, hitting $81.89. The company had a trading volume of 597,378 shares. The company has a 50-day moving average price of $84.68 and a 200-day moving average price of $82.13. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 29.77 and a beta of 0.66. Verisk Analytics, Inc. has a 1-year low of $75.60 and a 1-year high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. The company had revenue of $523.20 million during the quarter, compared to analyst estimates of $519.67 million. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. On average, equities analysts anticipate that Verisk Analytics, Inc. will post $3.13 EPS for the current year.
A number of research analysts have issued reports on VRSK shares. Cantor Fitzgerald reiterated a “buy” rating and set a $92.00 price objective on shares of Verisk Analytics in a research note on Tuesday, May 2nd. Morgan Stanley restated an “equal weight” rating and issued a $82.00 price target (down previously from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. SunTrust Banks, Inc. cut Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research note on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating on shares of Verisk Analytics in a research note on Friday. Finally, Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $85.00.
In other Verisk Analytics news, Director Christopher M. Foskett sold 1,304 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total transaction of $107,527.84. Following the sale, the director now directly owns 9,989 shares of the company’s stock, valued at approximately $823,692.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John F. Lehman sold 8,247 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $78.72, for a total value of $649,203.84. Following the sale, the director now directly owns 115,073 shares in the company, valued at $9,058,546.56. The disclosure for this sale can be found here. Insiders sold a total of 27,551 shares of company stock valued at $2,211,942 in the last 90 days. 3.41% of the stock is currently owned by company 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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