Riverbridge Partners LLC trimmed its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 891,093 shares of the business services provider’s stock after selling 19,946 shares during the quarter. Verisk Analytics accounts for about 1.7% of Riverbridge Partners LLC’s portfolio, making the stock its 15th biggest holding. Riverbridge Partners LLC owned 0.54% of Verisk Analytics worth $95,917,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of VRSK. Massachusetts Financial Services Co. MA lifted its holdings in Verisk Analytics by 26.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,759,713 shares of the business services provider’s stock valued at $599,010,000 after acquiring an additional 1,206,737 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Verisk Analytics by 44.8% in the 1st quarter. Franklin Resources Inc. now owns 2,773,570 shares of the business services provider’s stock valued at $288,485,000 after acquiring an additional 858,233 shares during the last quarter. Two Creeks Capital Management LP acquired a new stake in Verisk Analytics in the 4th quarter valued at about $68,479,000. Fayez Sarofim & Co acquired a new stake in Verisk Analytics in the 1st quarter valued at about $49,920,000. Finally, Thrivent Financial For Lutherans lifted its holdings in Verisk Analytics by 7,626.7% in the 4th quarter. Thrivent Financial For Lutherans now owns 475,191 shares of the business services provider’s stock valued at $45,618,000 after acquiring an additional 469,041 shares during the last quarter. 91.31% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on VRSK shares. Zacks Investment Research raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a report on Friday, May 4th. ValuEngine raised shares of Verisk Analytics from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, BMO Capital Markets cut their price target on shares of Verisk Analytics from $108.00 to $105.00 and set a “market perform” rating for the company in a report on Thursday, May 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $104.36.
In other Verisk Analytics news, CFO Lee Shavel bought 357 shares of the company’s stock in a transaction dated Tuesday, April 10th. The shares were bought at an average price of $105.99 per share, for a total transaction of $37,838.43. Following the acquisition, the chief financial officer now directly owns 27,445 shares of the company’s stock, valued at $2,908,895.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott G. Stephenson sold 64,063 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $104.89, for a total value of $6,719,568.07. Following the completion of the transaction, the chief executive officer now owns 638,901 shares in the company, valued at approximately $67,014,325.89. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 1,058 shares of company stock worth $113,251 and have sold 244,691 shares worth $26,192,883. 3.19% of the stock is currently owned by insiders.
Verisk Analytics traded down $0.03, hitting $108.10, on Tuesday, according to Marketbeat Ratings. 13,712 shares of the company were exchanged, compared to its average volume of 792,568. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.93. The company has a market cap of $17.79 billion, a PE ratio of 33.88, a PEG ratio of 2.09 and a beta of 0.69. Verisk Analytics, Inc. has a twelve month low of $78.97 and a twelve month high of $110.32.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, May 1st. The business services provider reported $0.94 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.94. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $565.41 million. Verisk Analytics had a return on equity of 31.75% and a net margin of 26.05%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 EPS. research analysts forecast that Verisk Analytics, Inc. will post 4.1 EPS for the current fiscal year.
About Verisk Analytics
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.
Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.