Eaton Vance Management decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 28.3% during the 4th quarter, Holdings Channel reports. The firm owned 785,120 shares of the business services provider’s stock after selling 310,495 shares during the quarter. Eaton Vance Management’s holdings in Verisk Analytics were worth $75,371,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRSK. Harding Loevner LP grew its holdings in shares of Verisk Analytics by 95.4% during the third quarter. Harding Loevner LP now owns 5,847,407 shares of the business services provider’s stock worth $243,146,000 after buying an additional 2,855,204 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Verisk Analytics by 2,005.0% during the fourth quarter. Victory Capital Management Inc. now owns 635,022 shares of the business services provider’s stock worth $60,962,000 after buying an additional 604,854 shares during the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new position in shares of Verisk Analytics during the third quarter worth about $22,729,000. Atlanta Capital Management Co. L L C grew its holdings in shares of Verisk Analytics by 59.9% during the third quarter. Atlanta Capital Management Co. L L C now owns 699,876 shares of the business services provider’s stock worth $58,223,000 after buying an additional 262,188 shares during the last quarter. Finally, Ownership Capital B.V. grew its holdings in shares of Verisk Analytics by 34.0% during the fourth quarter. Ownership Capital B.V. now owns 796,895 shares of the business services provider’s stock worth $76,502,000 after buying an additional 202,407 shares during the last quarter. 92.89% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $100.00, for a total value of $300,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lee Shavel acquired 388 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, January 10th. The stock was purchased at an average price of $96.61 per share, with a total value of $37,484.68. Following the transaction, the chief financial officer now owns 22,729 shares of the company’s stock, valued at $2,195,848.69. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 1,177 shares of company stock valued at $112,591 and sold 31,526 shares valued at $3,009,268. 3.41% of the stock is owned by company insiders.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, February 20th. The business services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.56. The firm had revenue of $570.30 million during the quarter, compared to the consensus estimate of $557.09 million. Verisk Analytics had a net margin of 25.88% and a return on equity of 33.58%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. equities analysts forecast that Verisk Analytics, Inc. will post 3.58 EPS for the current year.
A number of equities analysts recently issued reports on VRSK shares. Cantor Fitzgerald reissued a “buy” rating and set a $108.00 price target on shares of Verisk Analytics in a report on Friday, December 8th. Zacks Investment Research raised Verisk Analytics from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Saturday, January 6th. BidaskClub lowered Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Barclays raised their price target on Verisk Analytics from $86.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Finally, Morgan Stanley raised their price target on Verisk Analytics from $83.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $102.33.
Verisk Analytics Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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