Jefferies Group LLC raised its stake in Verisk Analytics (NASDAQ:VRSK) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,509 shares of the business services provider’s stock after acquiring an additional 2,209 shares during the period. Jefferies Group LLC’s holdings in Verisk Analytics were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRSK. Global X MANAGEMENT CO LLC boosted its stake in shares of Verisk Analytics by 13.5% during the third quarter. Global X MANAGEMENT CO LLC now owns 4,885 shares of the business services provider’s stock worth $406,000 after buying an additional 580 shares during the period. New Mexico Educational Retirement Board boosted its stake in shares of Verisk Analytics by 4.2% during the fourth quarter. New Mexico Educational Retirement Board now owns 14,900 shares of the business services provider’s stock worth $1,430,000 after buying an additional 600 shares during the period. Hosking Partners LLP boosted its stake in shares of Verisk Analytics by 0.4% during the third quarter. Hosking Partners LLP now owns 155,079 shares of the business services provider’s stock worth $12,901,000 after buying an additional 657 shares during the period. M&T Bank Corp boosted its stake in shares of Verisk Analytics by 1.5% during the fourth quarter. M&T Bank Corp now owns 46,584 shares of the business services provider’s stock worth $4,472,000 after buying an additional 705 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Verisk Analytics by 13.3% during the third quarter. Pacer Advisors Inc. now owns 6,450 shares of the business services provider’s stock worth $537,000 after buying an additional 759 shares during the period. Institutional investors own 92.45% of the company’s stock.
In related news, CFO Lee Shavel bought 399 shares of the company’s stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $94.05 per share, with a total value of $37,525.95. Following the completion of the acquisition, the chief financial officer now owns 23,128 shares in the company, valued at approximately $2,175,188.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kenneth E. Thompson sold 60,569 shares of the stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $105.15, for a total transaction of $6,368,830.35. Following the completion of the transaction, the executive vice president now directly owns 67,551 shares of the company’s stock, valued at $7,102,987.65. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 1,141 shares of company stock valued at $112,216 and sold 401,642 shares valued at $41,814,853. Company insiders own 3.41% of the company’s stock.
NASDAQ VRSK opened at $104.13 on Friday. The stock has a market cap of $17,260.11, a P/E ratio of 32.44, a PEG ratio of 2.40 and a beta of 0.67. Verisk Analytics has a 52-week low of $75.60 and a 52-week high of $106.07. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.45 and a quick ratio of 0.45.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, February 20th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.56. The firm had revenue of $570.30 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. sell-side analysts predict that Verisk Analytics will post 3.97 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on VRSK shares. Cantor Fitzgerald reiterated a “buy” rating and set a $108.00 target price on shares of Verisk Analytics in a research note on Friday, December 8th. Zacks Investment Research upgraded shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Saturday, January 6th. BidaskClub downgraded shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 4th. Morgan Stanley set a $107.00 target price on shares of Verisk Analytics and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $90.00 target price on shares of Verisk Analytics in a research note on Sunday, December 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $103.07.
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Verisk Analytics Profile
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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