Marshall Wace LLP acquired a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 41,171 shares of the business services provider’s stock, valued at approximately $3,458,000.
A number of other hedge funds have also recently made changes to their positions in VRSK. First Manhattan Co. boosted its stake in shares of Verisk Analytics by 1.6% in the second quarter. First Manhattan Co. now owns 3,658 shares of the business services provider’s stock valued at $308,000 after buying an additional 58 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Verisk Analytics by 0.4% in the first quarter. Mason Street Advisors LLC now owns 21,378 shares of the business services provider’s stock valued at $1,735,000 after buying an additional 75 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Verisk Analytics by 2.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,242 shares of the business services provider’s stock valued at $322,000 after buying an additional 87 shares in the last quarter. Conning Inc. boosted its stake 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 valued at $243,000 after buying an additional 90 shares in the last quarter. Finally, Shell Asset Management Co. boosted its stake in shares of Verisk Analytics by 0.6% in the first quarter. Shell Asset Management Co. now owns 16,342 shares of the business services provider’s stock valued at $1,326,000 after buying an additional 92 shares in the last quarter. 94.07% of the stock is owned by hedge funds and other institutional investors.
Shares of Verisk Analytics, Inc. (NASDAQ:VRSK) opened at 81.07 on Tuesday. The stock has a 50 day moving average price of $84.00 and a 200-day moving average price of $82.08. The company has a market capitalization of $13.34 billion, a PE ratio of 29.47 and a beta of 0.66. Verisk Analytics, Inc. has a 52 week low of $75.60 and a 52 week high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The company had revenue of $523.20 million for the quarter, compared to analyst estimates of $519.67 million. During the same period in the previous year, the company posted $0.73 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts expect that Verisk Analytics, Inc. will post $3.14 EPS for the current year.
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Several brokerages have weighed in on VRSK. UBS AG reissued a “sell” rating and set a $75.00 price objective (up from $71.00) on shares of Verisk Analytics in a report on Friday, July 14th. Keefe, Bruyette & Woods set a $90.00 price objective on Verisk Analytics and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research cut Verisk Analytics from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Macquarie raised Verisk Analytics from a “neutral” rating to an “outperform” rating and upped their price target for the company from $90.00 to $95.00 in a research note on Friday, May 5th. Finally, BidaskClub raised Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $85.38.
In related news, Director Christopher M. Foskett sold 1,304 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $823,692.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David B. Wright sold 15,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $80.32, for a total value of $1,204,800.00. Following the sale, the director now owns 22,025 shares in the company, valued at $1,769,048. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,304 shares of company stock worth $1,562,738. 3.41% of the stock is currently owned by corporate insiders.
Verisk Analytics Company 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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