Bank of New York Mellon Corp boosted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,330,910 shares of the business services provider’s stock after purchasing an additional 12,165 shares during the period. Bank of New York Mellon Corp’s holdings in Verisk Analytics were worth $143,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fort L.P. acquired a new position in shares of Verisk Analytics in the second quarter worth about $121,000. Squar Milner Financial Services LLC acquired a new position in shares of Verisk Analytics in the second quarter worth about $146,000. Captrust Financial Advisors raised its position in shares of Verisk Analytics by 94.8% in the second quarter. Captrust Financial Advisors now owns 1,541 shares of the business services provider’s stock worth $166,000 after acquiring an additional 750 shares during the period. Greenleaf Trust raised its position in shares of Verisk Analytics by 169.2% in the second quarter. Greenleaf Trust now owns 1,890 shares of the business services provider’s stock worth $203,000 after acquiring an additional 1,188 shares during the period. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Verisk Analytics in the second quarter worth about $214,000. Institutional investors own 92.38% of the company’s stock.
A number of research analysts have weighed in on VRSK shares. BidaskClub upgraded shares of Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. Keefe, Bruyette & Woods downgraded shares of Verisk Analytics from an “outperform” rating to a “market perform” rating and set a $90.00 price objective for the company. in a research report on Thursday, August 2nd. Morgan Stanley upped their price objective on shares of Verisk Analytics from $108.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. Finally, Bank of America started coverage on shares of Verisk Analytics in a research report on Tuesday, October 23rd. They issued a “neutral” rating and a $125.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Verisk Analytics has an average rating of “Hold” and an average price target of $110.38.
VRSK stock opened at $116.92 on Tuesday. The stock has a market cap of $19.02 billion, a PE ratio of 36.42, a P/E/G ratio of 2.39 and a beta of 0.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.49 and a quick ratio of 0.49. Verisk Analytics, Inc. has a 52 week low of $89.65 and a 52 week high of $122.80.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, October 30th. The business services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $598.70 million during the quarter, compared to analysts’ expectations of $596.79 million. Verisk Analytics had a net margin of 27.94% and a return on equity of 31.53%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. As a group, equities analysts anticipate that Verisk Analytics, Inc. will post 4.15 EPS for the current fiscal year.
In other news, Director Christopher M. Foskett sold 5,300 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $115.86, for a total transaction of $614,058.00. Following the completion of the sale, the director now owns 13,091 shares of the company’s stock, valued at $1,516,723.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott G. Stephenson sold 18,867 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $118.45, for a total transaction of $2,234,796.15. Following the sale, the chief executive officer now directly owns 821,261 shares of the company’s stock, valued at approximately $97,278,365.45. The disclosure for this sale can be found here. In the last three months, insiders have bought 945 shares of company stock valued at $112,226 and have sold 302,275 shares valued at $35,696,533. 3.19% of the stock is owned by insiders.
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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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