InterOcean Capital Group LLC Sells 325 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

InterOcean Capital Group LLC lowered its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 15.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,752 shares of the business services provider’s stock after selling 325 shares during the period. InterOcean Capital Group LLC’s holdings in Verisk Analytics were worth $413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund grew its position in Verisk Analytics by 33.7% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 55,000 shares of the business services provider’s stock worth $12,965,000 after acquiring an additional 13,862 shares during the last quarter. Lake Street Advisors Group LLC bought a new stake in Verisk Analytics during the 1st quarter worth $266,000. Bessemer Group Inc. lifted its holdings in Verisk Analytics by 109.2% during the 1st quarter. Bessemer Group Inc. now owns 12,729 shares of the business services provider’s stock worth $3,000,000 after buying an additional 6,645 shares during the period. UniSuper Management Pty Ltd lifted its holdings in Verisk Analytics by 292.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,827 shares of the business services provider’s stock worth $1,374,000 after buying an additional 4,342 shares during the period. Finally, Seven Eight Capital LP lifted its holdings in Verisk Analytics by 232.8% during the 1st quarter. Seven Eight Capital LP now owns 9,334 shares of the business services provider’s stock worth $2,200,000 after buying an additional 6,529 shares during the period. Institutional investors own 90.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on VRSK. BMO Capital Markets lifted their target price on Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. UBS Group lifted their target price on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Finally, Evercore ISI lifted their target price on Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Verisk Analytics currently has a consensus rating of “Hold” and a consensus target price of $258.54.

Insiders Place Their Bets

In other news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $262.31, for a total value of $52,462.00. Following the completion of the transaction, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at $4,356,444.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $262.31, for a total value of $52,462.00. Following the transaction, the chief financial officer now owns 16,608 shares in the company, valued at $4,356,444.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kathy Card Beckles sold 326 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $272.22, for a total value of $88,743.72. Following the completion of the transaction, the insider now owns 7,470 shares in the company, valued at approximately $2,033,483.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,237 shares of company stock valued at $572,739. Corporate insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Down 0.2 %

VRSK stock traded down $0.65 during trading on Thursday, reaching $275.90. 681,125 shares of the stock were exchanged, compared to its average volume of 841,004. The firm’s 50 day moving average is $265.87 and its 200 day moving average is $247.06. Verisk Analytics, Inc. has a twelve month low of $215.32 and a twelve month high of $282.21. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 9.94. The firm has a market cap of $39.37 billion, a P/E ratio of 52.30, a price-to-earnings-growth ratio of 3.46 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The business had revenue of $704.00 million for the quarter, compared to the consensus estimate of $699.07 million. During the same period in the prior year, the business earned $1.29 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, research analysts forecast that Verisk Analytics, Inc. will post 6.55 EPS for the current year.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.