Verisk Analytics, Inc. $VRSK Stock Position Lifted by VIRGINIA RETIREMENT SYSTEMS ET Al

by · The Markets Daily

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 12.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,750 shares of the business services provider’s stock after acquiring an additional 11,900 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Verisk Analytics were worth $17,918,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VRSK. Oppenheimer Asset Management Inc. purchased a new position in Verisk Analytics during the 2nd quarter worth approximately $20,085,000. United Capital Financial Advisors LLC acquired a new stake in Verisk Analytics during the 2nd quarter valued at $974,000. TD Waterhouse Canada Inc. raised its stake in Verisk Analytics by 10.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 61,114 shares of the business services provider’s stock valued at $11,234,000 after purchasing an additional 5,792 shares during the period. Junto Capital Management LP acquired a new stake in Verisk Analytics during the 2nd quarter valued at $49,848,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Verisk Analytics by 880.1% in the second quarter. Assenagon Asset Management S.A. now owns 60,285 shares of the business services provider’s stock valued at $10,823,000 after purchasing an additional 54,134 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Verisk Analytics Stock Performance

Shares of VRSK opened at $196.30 on Friday. The company’s 50 day moving average price is $181.56 and its 200 day moving average price is $186.81. Verisk Analytics, Inc. has a 52 week low of $155.94 and a 52 week high of $227.16. The company has a market capitalization of $25.55 billion, a PE ratio of 30.15, a PEG ratio of 2.21 and a beta of 0.69.

Verisk Analytics (NASDAQ:VRSK – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.05. Verisk Analytics had a net margin of 28.24% and a negative return on equity of 239.55%. The firm had revenue of $806.30 million for the quarter, compared to analyst estimates of $804.02 million. During the same quarter in the prior year, the business earned $1.88 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts forecast that Verisk Analytics, Inc. will post 7.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Lee Shavel sold 3,535 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $170.70, for a total value of $603,424.50. Following the transaction, the chief executive officer directly owned 98,490 shares of the company’s stock, valued at approximately $16,812,243. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Elizabeth Mann sold 400 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $184.85, for a total value of $73,940.00. Following the sale, the chief financial officer owned 17,584 shares of the company’s stock, valued at approximately $3,250,402.40. This represents a 2.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,805 shares of company stock valued at $2,203,266 in the last three months. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on VRSK. Barclays decreased their target price on Verisk Analytics from $275.00 to $225.00 and set an “overweight” rating for the company in a research report on Tuesday, September 8th. Evercore set a $223.00 price target on Verisk Analytics in a report on Thursday, July 30th. BMO Capital Markets dropped their price target on Verisk Analytics from $248.00 to $217.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th. Weiss Ratings raised Verisk Analytics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Finally, Wells Fargo & Company raised their price objective on Verisk Analytics from $240.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $224.79.

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About Verisk Analytics

(Free Report)

Verisk Analytics, Inc (NASDAQ: VRSK), doing business as Verisk, is a global data analytics and technology company serving the insurance industry and other risk-focused markets. Its platforms help organizations use data, statistical models and workflow tools to evaluate risk, make decisions and improve operational efficiency.

Verisk’s insurance offerings support underwriting, pricing, claims management, fraud detection, catastrophe modeling and regulatory compliance. Its products include industry data, predictive analytics, property and casualty risk solutions, claims-estimating tools and information used by insurers to assess property, vehicles, businesses and other exposures.

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