Pacer Advisors Inc. lifted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 12.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,691 shares of the business services provider’s stock after buying an additional 635 shares during the period. Pacer Advisors Inc.’s holdings in Verisk Analytics were worth $480,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Manhattan Co. increased its stake in Verisk Analytics by 1.6% in the 2nd quarter. First Manhattan Co. now owns 3,658 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 58 shares in the last quarter. Mason Street Advisors LLC grew its holdings in Verisk Analytics by 0.4% during the 1st quarter. Mason Street Advisors LLC now owns 21,378 shares of the business services provider’s stock valued at $1,735,000 after buying an additional 75 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Verisk Analytics by 1.3% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,544 shares of the business services provider’s stock valued at $612,000 after buying an additional 100 shares during the last quarter. Paradigm Asset Management Co. LLC grew its holdings in Verisk Analytics by 5.4% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,950 shares of the business services provider’s stock valued at $165,000 after buying an additional 100 shares during the last quarter. Finally, Rothschild Asset Management Inc. boosted its holdings in shares of Verisk Analytics by 1.7% during the second quarter. Rothschild Asset Management Inc. now owns 6,539 shares of the business services provider’s stock worth $552,000 after purchasing an additional 109 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.
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VRSK has been the topic of several analyst reports. BidaskClub upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. UBS AG reiterated a “sell” rating and issued a $75.00 target price (up previously from $71.00) on shares of Verisk Analytics in a report on Friday, July 14th. BMO Capital Markets raised their price objective on Verisk Analytics from $81.00 to $83.00 and gave the company a “market perform” rating in a research report on Friday, July 14th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $82.00 price objective (down from $83.00) on shares of Verisk Analytics in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Verisk Analytics presently has a consensus rating of “Hold” and a consensus price target of $85.38.
Shares of Verisk Analytics, Inc. (NASDAQ VRSK) traded up 0.44% during trading on Friday, hitting $82.31. The stock had a trading volume of 393,588 shares. The stock’s 50-day moving average price is $81.49 and its 200 day moving average price is $81.67. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 29.92 and a beta of 0.68. Verisk Analytics, Inc. has a one year low of $75.60 and a one year high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The firm had revenue of $523.20 million for the quarter, compared to the consensus estimate of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. On average, equities analysts forecast that Verisk Analytics, Inc. will post $3.14 EPS for the current year.
In related news, Director David B. Wright sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total value of $808,200.00. Following the sale, the director now directly owns 13,951 shares of the company’s stock, valued at $1,127,519.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher M. Foskett sold 1,304 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $82.46, for a total transaction of $107,527.84. Following the completion of the sale, the director now directly owns 9,989 shares in the company, valued at $823,692.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,304 shares of company stock valued at $1,163,228. 3.41% of the stock is currently owned by corporate insiders.
Verisk Analytics Company 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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