Toronto Dominion Bank increased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 11.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 78,682 shares of the business services provider’s stock after acquiring an additional 7,877 shares during the period. Toronto Dominion Bank’s holdings in Verisk Analytics were worth $7,553,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new position in shares of Verisk Analytics during the fourth quarter worth about $112,000. Fusion Family Wealth LLC purchased a new position in shares of Verisk Analytics during the fourth quarter worth about $116,000. Advisory Services Network LLC grew its holdings in shares of Verisk Analytics by 300.5% during the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock worth $143,000 after buying an additional 1,268 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Verisk Analytics by 61.2% during the second quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock worth $149,000 after buying an additional 669 shares during the last quarter. Finally, Calton & Associates Inc. purchased a new position in shares of Verisk Analytics during the fourth quarter worth about $183,000. 92.89% of the stock is currently owned by hedge funds and other institutional investors.
In other Verisk Analytics news, Director David B. Wright sold 15,000 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $94.60, for a total value of $1,419,000.00. Following the sale, the director now owns 8,951 shares of the company’s stock, valued at approximately $846,764.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Lee Shavel acquired 388 shares of the stock in a transaction on Wednesday, January 10th. The stock was acquired at an average cost of $96.61 per share, for a total transaction of $37,484.68. Following the acquisition, the chief financial officer now directly owns 22,729 shares in the company, valued at approximately $2,195,848.69. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,177 shares of company stock worth $112,591 and sold 31,526 shares worth $2,987,428. 3.41% of the stock is currently owned by insiders.
A number of research firms recently issued reports on VRSK. BidaskClub lowered Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. BMO Capital Markets raised their price target on Verisk Analytics from $83.00 to $91.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd. Credit Suisse Group raised their price target on Verisk Analytics from $85.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Morgan Stanley raised their price target on Verisk Analytics from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Finally, Goldman Sachs Group began coverage on Verisk Analytics in a report on Wednesday, November 8th. They set a “neutral” rating and a $89.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Verisk Analytics has an average rating of “Hold” and a consensus price target of $96.85.
Shares of Verisk Analytics, Inc. (VRSK) opened at $98.79 on Monday. Verisk Analytics, Inc. has a twelve month low of $75.60 and a twelve month high of $100.54. The firm has a market capitalization of $16,269.91, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 2.51 and a beta of 0.76. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.45 and a quick ratio of 0.45.
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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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