Garrison Financial Corp lowered its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,380 shares of the business services provider’s stock after selling 1,141 shares during the period. Garrison Financial Corp’s holdings in Verisk Analytics were worth $2,818,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cadence Capital Management LLC purchased a new position in shares of Verisk Analytics in the third quarter worth $414,000. Bbva Compass Bancshares Inc. raised its holdings in shares of Verisk Analytics by 5.6% in the third quarter. Bbva Compass Bancshares Inc. now owns 28,345 shares of the business services provider’s stock worth $3,417,000 after buying an additional 1,504 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Verisk Analytics by 73.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,439 shares of the business services provider’s stock worth $656,000 after buying an additional 2,296 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Verisk Analytics by 18.4% in the third quarter. Rockefeller Capital Management L.P. now owns 5,505 shares of the business services provider’s stock worth $664,000 after buying an additional 855 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Verisk Analytics by 5.8% in the third quarter. Wells Fargo & Company MN now owns 580,555 shares of the business services provider’s stock worth $69,986,000 after buying an additional 31,886 shares during the last quarter. 92.55% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on VRSK shares. Zacks Investment Research raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Tuesday, July 17th. Morgan Stanley raised their price target on shares of Verisk Analytics from $107.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, July 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $115.00 price target on shares of Verisk Analytics in a report on Thursday, July 19th. BidaskClub cut shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $109.00 price target on shares of Verisk Analytics in a report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $110.38.
Shares of Verisk Analytics stock opened at $115.55 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.49 and a quick ratio of 0.43. Verisk Analytics, Inc. has a 1 year low of $89.65 and a 1 year high of $122.80. The firm has a market cap of $19.02 billion, a P/E ratio of 36.00, a price-to-earnings-growth ratio of 2.34 and a beta of 0.58.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, October 30th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Verisk Analytics had a net margin of 27.94% and a return on equity of 31.53%. The firm had revenue of $598.70 million during the quarter, compared to analysts’ expectations of $596.79 million. During the same quarter last year, the company posted $0.84 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts anticipate that Verisk Analytics, Inc. will post 4.15 earnings per share for the current fiscal year.
In related news, Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $121.97, for a total transaction of $365,910.00. Following the sale, the director now owns 82,605 shares in the company, valued at $10,075,331.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Scott G. Stephenson sold 18,990 shares of the firm’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $113.79, for a total transaction of $2,160,872.10. Following the sale, the chief executive officer now owns 808,220 shares in the company, valued at approximately $91,967,353.80. The disclosure for this sale can be found here. In the last three months, insiders have purchased 945 shares of company stock valued at $112,226 and have sold 358,425 shares valued at $42,176,878. Company insiders own 3.19% of the company’s stock.
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.
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