6,554 Shares in Verisk Analytics, Inc. (NASDAQ:VRSK) Bought by Redwood Investment Management LLC

Redwood Investment Management LLC purchased a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,554 shares of the business services provider’s stock, valued at approximately $1,545,000.

Several other institutional investors have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. grew its stake in Verisk Analytics by 6.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,428 shares of the business services provider’s stock valued at $3,208,000 after purchasing an additional 807 shares during the period. Blue Trust Inc. grew its stake in Verisk Analytics by 44.2% in the 4th quarter. Blue Trust Inc. now owns 385 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 118 shares during the period. Global Retirement Partners LLC grew its stake in Verisk Analytics by 48.5% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 49 shares during the period. Caprock Group LLC grew its stake in Verisk Analytics by 6.2% in the 4th quarter. Caprock Group LLC now owns 2,889 shares of the business services provider’s stock valued at $690,000 after purchasing an additional 169 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd grew its stake in Verisk Analytics by 9.1% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 1,407 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 117 shares during the period. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Price Performance

VRSK traded down $24.24 during trading on Wednesday, reaching $261.75. 1,409,905 shares of the company were exchanged, compared to its average volume of 845,188. The company’s 50-day moving average is $268.40 and its two-hundred day moving average is $248.56. The company has a market cap of $37.35 billion, a price-to-earnings ratio of 48.83, a P/E/G ratio of 3.53 and a beta of 0.84. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 9.94. Verisk Analytics, Inc. has a 12-month low of $215.32 and a 12-month high of $287.13.

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

Wall Street Analyst Weigh In

VRSK has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Morgan Stanley upped their price target on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research report on Wednesday. Evercore ISI upped their price target on Verisk Analytics from $250.00 to $260.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Finally, BMO Capital Markets upped their price target on Verisk Analytics from $238.00 to $241.00 and gave the company 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. According to data from MarketBeat, Verisk Analytics currently has a consensus rating of “Hold” and an average price target of $261.69.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, insider Nicholas Daffan sold 1,511 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the sale, the insider now 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 SEC, which is accessible through this hyperlink. In other news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $262.31, for a total transaction of $52,462.00. Following the transaction, the chief financial officer now directly owns 16,608 shares in the company, valued at approximately $4,356,444.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Daffan sold 1,511 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $248.88, for a total value of $376,057.68. Following the transaction, the insider now owns 52,500 shares in the company, valued at $13,066,200. The disclosure for this sale can be found here. Insiders have sold a total of 2,237 shares of company stock valued at $572,739 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

About Verisk Analytics

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.