The Manufacturers Life Insurance Company raised its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 21.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,876 shares of the business services provider’s stock after buying an additional 29,411 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.10% of Verisk Analytics worth $17,251,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of VRSK. Massachusetts Financial Services Co. MA grew its position in Verisk Analytics by 26.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,759,713 shares of the business services provider’s stock worth $599,010,000 after buying an additional 1,206,737 shares in the last quarter. Franklin Resources Inc. grew its position in Verisk Analytics by 44.8% during the first quarter. Franklin Resources Inc. now owns 2,773,570 shares of the business services provider’s stock worth $288,485,000 after buying an additional 858,233 shares in the last quarter. Two Creeks Capital Management LP purchased a new position in Verisk Analytics during the fourth quarter worth about $68,479,000. Fayez Sarofim & Co purchased a new position in Verisk Analytics during the first quarter worth about $49,920,000. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of Verisk Analytics by 7,626.7% in the 4th quarter. Thrivent Financial For Lutherans now owns 475,191 shares of the business services provider’s stock worth $45,618,000 after purchasing an additional 469,041 shares in the last quarter. Institutional investors and hedge funds own 91.22% of the company’s stock.
In other news, CEO Scott G. Stephenson sold 64,063 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $104.89, for a total value of $6,719,568.07. Following the completion of the sale, the chief executive officer now owns 638,901 shares of the company’s stock, valued at approximately $67,014,325.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Vincent De P. Mccarthy sold 3,090 shares of the business’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $109.12, for a total value of $337,180.80. Following the completion of the sale, the senior vice president now directly owns 37,127 shares of the company’s stock, valued at approximately $4,051,298.24. The disclosure for this sale can be found here. In the last three months, insiders bought 1,058 shares of company stock valued at $113,251 and sold 226,397 shares valued at $24,232,864. Insiders own 3.19% of the company’s stock.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, May 1st. The business services provider reported $0.94 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.94. Verisk Analytics had a return on equity of 31.75% and a net margin of 26.05%. The company had revenue of $581.00 million during the quarter, compared to analyst estimates of $565.41 million. During the same quarter in the previous year, the company posted $0.74 EPS. Verisk Analytics’s revenue for the quarter was up 15.6% on a year-over-year basis. equities research analysts forecast that Verisk Analytics, Inc. will post 4.1 earnings per share for the current year.
A number of equities analysts have recently issued reports on VRSK shares. Keefe, Bruyette & Woods set a $112.00 price objective on Verisk Analytics and gave the stock a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research cut Verisk Analytics from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. BidaskClub upgraded Verisk Analytics from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. ValuEngine upgraded Verisk Analytics from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, BMO Capital Markets cut their price objective on Verisk Analytics from $108.00 to $105.00 and set a “market perform” rating for the company in a report on Thursday, May 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Verisk Analytics presently has an average rating of “Buy” and a consensus price target of $104.36.
Verisk Analytics Company Profile
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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