Personal Capital Advisors Corp bought a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 100,311 shares of the business services provider’s stock, valued at approximately $8,345,000. Personal Capital Advisors Corp owned approximately 0.06% of Verisk Analytics at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Fox Run Management L.L.C. purchased a new stake in shares of Verisk Analytics in the third quarter worth approximately $266,000. Mountain Pacific Investment Advisers Inc. ID increased its position in shares of Verisk Analytics by 63.4% during the third quarter. Mountain Pacific Investment Advisers Inc. ID now owns 198,962 shares of the business services provider’s stock valued at $16,552,000 after acquiring an additional 77,185 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Verisk Analytics by 161.7% during the third quarter. Assenagon Asset Management S.A. now owns 9,257 shares of the business services provider’s stock valued at $770,000 after acquiring an additional 5,720 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Verisk Analytics by 154.4% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,613,738 shares of the business services provider’s stock valued at $134,247,000 after acquiring an additional 979,475 shares during the last quarter. Finally, Shell Asset Management Co. increased its position in shares of Verisk Analytics by 764.7% during the third quarter. Shell Asset Management Co. now owns 147,295 shares of the business services provider’s stock valued at $8,969,000 after acquiring an additional 130,260 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.
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A number of research firms have issued reports on VRSK. Cantor Fitzgerald reissued a “buy” rating and issued a $92.00 target price on shares of Verisk Analytics in a research report on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating on shares of Verisk Analytics in a research note on Wednesday, November 1st. Morgan Stanley lifted their price target on Verisk Analytics from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. BMO Capital Markets lifted their price objective on Verisk Analytics from $83.00 to $91.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded Verisk Analytics from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. Verisk Analytics has a consensus rating of “Hold” and a consensus price target of $88.29.
In related news, Director Christopher M. Foskett sold 5,500 shares of Verisk Analytics stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $91.02, for a total transaction of $500,610.00. Following the transaction, the director now directly owns 15,489 shares of the company’s stock, valued at $1,409,808.78. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $808,200.00. Following the completion of the sale, the director now owns 13,951 shares of the company’s stock, valued at $1,127,519.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 318,146 shares of company stock worth $27,443,084. Corporate insiders own 3.41% of the company’s stock.
Verisk Analytics, Inc. (NASDAQ VRSK) traded down $0.61 during trading on Friday, reaching $90.21. 889,500 shares of the company were exchanged, compared to its average volume of 804,672. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.45 and a quick ratio of 0.45. Verisk Analytics, Inc. has a 12 month low of $75.60 and a 12 month high of $92.92. The stock has a market cap of $14,957.32, a price-to-earnings ratio of 28.38, a P/E/G ratio of 3.22 and a beta of 0.76.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. The company had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 EPS. equities analysts predict that Verisk Analytics, Inc. will post 3.17 EPS for the current year.
About Verisk Analytics
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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