Kentucky Retirement Systems Insurance Trust Fund Cuts Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Kentucky Retirement Systems Insurance Trust Fund lowered its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,785 shares of the business services provider’s stock after selling 382 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Verisk Analytics were worth $1,128,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CVA Family Office LLC purchased a new stake in shares of Verisk Analytics during the fourth quarter worth about $30,000. OFI Invest Asset Management purchased a new stake in shares of Verisk Analytics during the first quarter worth about $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Verisk Analytics during the fourth quarter worth about $32,000. DSM Capital Partners LLC purchased a new stake in shares of Verisk Analytics during the fourth quarter worth about $33,000. Finally, Global Retirement Partners LLC increased its stake in shares of Verisk Analytics by 48.5% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock worth $36,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Activity

In other news, insider Nicholas Daffan sold 1,511 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $248.88, for a total value of $376,057.68. Following the sale, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Nicholas Daffan sold 1,511 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $248.88, for a total value of $376,057.68. Following the sale, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathy Card Beckles sold 326 shares of the business’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 transaction of $88,743.72. Following the completion of the sale, the insider now directly owns 7,470 shares in the company, valued at $2,033,483.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,237 shares of company stock valued at $572,739. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

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

Verisk Analytics Trading Up 1.3 %

NASDAQ:VRSK traded up $3.61 on Monday, hitting $283.58. The stock had a trading volume of 163,327 shares, compared to its average volume of 836,500. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 9.94. The stock has a market cap of $40.46 billion, a price-to-earnings ratio of 52.65, a PEG ratio of 3.48 and a beta of 0.84. The company has a fifty day moving average price of $266.92 and a two-hundred day moving average price of $247.78. Verisk Analytics, Inc. has a 1-year low of $215.32 and a 1-year high of $283.70.

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

Verisk Analytics 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.