King Luther Capital Management Corp grew its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,001 shares of the business services provider’s stock after purchasing an additional 2,896 shares during the period. King Luther Capital Management Corp owned approximately 0.11% of Verisk Analytics worth $22,302,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors acquired a new stake in shares of Verisk Analytics in the third quarter valued at $110,000. Financial Architects Inc acquired a new stake in shares of Verisk Analytics in the third quarter valued at $113,000. Fort L.P. acquired a new stake in shares of Verisk Analytics in the second quarter valued at $121,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Verisk Analytics in the third quarter valued at $139,000. Finally, NuWave Investment Management LLC raised its stake in shares of Verisk Analytics by 458.2% in the third quarter. NuWave Investment Management LLC now owns 1,189 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 976 shares in the last quarter. Institutional investors own 93.17% of the company’s stock.
Several brokerages have recently issued reports on VRSK. Zacks Investment Research reiterated a “hold” rating on shares of Verisk Analytics in a research note on Saturday, November 17th. Morgan Stanley reiterated a “hold” rating and issued a $119.00 price objective (up from $113.00) on shares of Verisk Analytics in a research note on Thursday, September 13th. BidaskClub upgraded Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 5th. Bank of America began coverage on Verisk Analytics in a research note on Tuesday, October 23rd. They issued a “neutral” rating and a $125.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on Verisk Analytics from $125.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $112.17.
In other Verisk Analytics news, CEO Scott G. Stephenson sold 18,990 shares of the firm’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $113.79, for a total transaction of $2,160,872.10. Following the transaction, the chief executive officer now owns 808,220 shares of the company’s stock, valued at $91,967,353.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vincent De P. Mccarthy sold 3,090 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $123.48, for a total value of $381,553.20. The disclosure for this sale can be found here. In the last three months, insiders purchased 936 shares of company stock worth $112,080 and sold 303,674 shares worth $36,360,561. Corporate insiders own 3.19% of the company’s stock.
NASDAQ:VRSK opened at $120.39 on Thursday. The firm has a market capitalization of $19.82 billion, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 2.49 and a beta of 0.62. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.49. Verisk Analytics, Inc. has a 12 month low of $90.60 and a 12 month high of $125.99.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, October 30th. The business services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. The firm had revenue of $598.70 million for the quarter, compared to analyst estimates of $596.79 million. Verisk Analytics had a return on equity of 31.53% and a net margin of 27.94%. Verisk Analytics’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. Analysts predict that Verisk Analytics, Inc. will post 4.15 EPS for the current fiscal 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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