Great West Life Assurance Co. Can cut its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 10.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,842 shares of the business services provider’s stock after selling 11,535 shares during the quarter. Great West Life Assurance Co. Can owned about 0.06% of Verisk Analytics worth $12,166,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC purchased a new stake in shares of Verisk Analytics in the 2nd quarter valued at approximately $214,000. Janney Montgomery Scott LLC grew its stake in shares of Verisk Analytics by 6.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 9,074 shares of the business services provider’s stock valued at $977,000 after buying an additional 585 shares during the period. Aperio Group LLC grew its stake in shares of Verisk Analytics by 20.9% in the 2nd quarter. Aperio Group LLC now owns 52,779 shares of the business services provider’s stock valued at $5,681,000 after buying an additional 9,116 shares during the period. Comerica Bank grew its stake in shares of Verisk Analytics by 39.6% in the 2nd quarter. Comerica Bank now owns 60,733 shares of the business services provider’s stock valued at $6,831,000 after buying an additional 17,231 shares during the period. Finally, Aviva PLC grew its stake in shares of Verisk Analytics by 2.6% in the 2nd quarter. Aviva PLC now owns 79,313 shares of the business services provider’s stock valued at $8,537,000 after buying an additional 1,992 shares during the period. Institutional investors and hedge funds own 93.17% of the company’s stock.
Several equities analysts have recently commented on VRSK shares. Zacks Investment Research lowered shares of Verisk Analytics from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. BidaskClub upgraded shares of Verisk Analytics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 5th. Morgan Stanley restated a “hold” rating and issued a $119.00 price objective (up from $113.00) on shares of Verisk Analytics in a report on Thursday, September 13th. Bank of America started coverage on shares of Verisk Analytics in a report on Tuesday, October 23rd. They issued a “neutral” rating and a $125.00 price objective on the stock. Finally, Robert W. Baird upped their price objective on shares of Verisk Analytics from $125.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Verisk Analytics has an average rating of “Buy” and a consensus target price of $112.17.
In other Verisk Analytics news, CEO Scott G. Stephenson sold 18,756 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $122.98, for a total transaction of $2,306,612.88. Following the sale, the chief executive officer now directly owns 847,652 shares in the company, valued at approximately $104,244,242.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Lee Shavel bought 312 shares of Verisk Analytics stock in a transaction on Wednesday, November 21st. The shares were acquired at an average price of $120.00 per share, for a total transaction of $37,440.00. Following the completion of the acquisition, the chief financial officer now owns 29,734 shares in the company, valued at $3,568,080. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 936 shares of company stock worth $112,080 and have sold 303,674 shares worth $36,360,561. 3.19% of the stock is owned by corporate insiders.
Shares of VRSK stock opened at $120.39 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. Verisk Analytics, Inc. has a one year low of $90.60 and a one year high of $125.99. The company has a market capitalization of $20.30 billion, a PE ratio of 37.50, a P/E/G ratio of 2.58 and a beta of 0.62.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, October 30th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. The company had revenue of $598.70 million for the quarter, compared to analyst estimates of $596.79 million. Verisk Analytics had a net margin of 27.94% and a return on equity of 31.53%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. Equities analysts expect that Verisk Analytics, Inc. will post 4.15 earnings per share for the current year.
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Verisk Analytics Company 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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