USS Investment Management Ltd lowered its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 33.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 760,000 shares of the business services provider’s stock after selling 390,000 shares during the quarter. USS Investment Management Ltd owned about 0.46% of Verisk Analytics worth $72,971,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in VRSK. Janus Henderson Group PLC increased its holdings in Verisk Analytics by 1,487.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,502,847 shares of the business services provider’s stock valued at $464,275,000 after buying an additional 5,156,187 shares during the period. Harding Loevner LP increased its holdings in Verisk Analytics by 95.4% in the 3rd quarter. Harding Loevner LP now owns 5,847,407 shares of the business services provider’s stock valued at $243,146,000 after buying an additional 2,855,204 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in Verisk Analytics by 154.4% in the 3rd 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 buying an additional 979,475 shares during the period. Vanguard Group Inc. increased its holdings in Verisk Analytics by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock valued at $1,295,340,000 after buying an additional 734,200 shares during the period. Finally, Farallon Capital Management LLC bought a new stake in Verisk Analytics in the 2nd quarter valued at $40,736,000. 92.91% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have issued reports on VRSK. Zacks Investment Research lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Saturday. BidaskClub lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $106.00 price target on shares of Verisk Analytics in a report on Friday, December 22nd. Royal Bank of Canada reissued a “hold” rating and issued a $90.00 price target on shares of Verisk Analytics in a report on Sunday, December 10th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $108.00 target price on shares of Verisk Analytics in a report on Friday, December 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. Verisk Analytics currently has a consensus rating of “Hold” and an average target price of $92.64.
Verisk Analytics, Inc. (NASDAQ:VRSK) traded up $0.83 on Tuesday, hitting $97.50. 734,500 shares of the stock traded hands, compared to its average volume of 682,789. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. Verisk Analytics, Inc. has a fifty-two week low of $75.60 and a fifty-two week high of $98.60. The company has a market cap of $16,060.00, a price-to-earnings ratio of 35.98, a price-to-earnings-growth ratio of 3.18 and a beta of 0.80.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The business had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. During the same quarter in the prior year, the firm earned $0.84 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. sell-side analysts predict that Verisk Analytics, Inc. will post 3.17 EPS for the current fiscal year.
In related news, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $92.72, for a total transaction of $278,160.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Lee Shavel purchased 388 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, January 10th. The shares were bought at an average price of $96.61 per share, for a total transaction of $37,484.68. Following the transaction, the chief financial officer now owns 22,729 shares in the company, valued at $2,195,848.69. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 22,978 shares of company stock worth $2,098,817 and sold 327,172 shares worth $28,591,387. 3.41% of the stock is currently owned by corporate insiders.
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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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