Pictet Asset Management Ltd. lifted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,787 shares of the business services provider’s stock after purchasing an additional 1,100 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Verisk Analytics were worth $9,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new position in shares of Verisk Analytics during the 2nd quarter worth 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 worth $977,000 after buying an additional 585 shares during the last quarter. 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 worth $5,681,000 after buying an additional 9,116 shares during the last quarter. 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 worth $6,831,000 after buying an additional 17,231 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Verisk Analytics in the 2nd quarter worth approximately $724,000. 93.17% of the stock is owned by institutional investors and hedge funds.
VRSK has been the topic of several recent research reports. BidaskClub upgraded Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Bank of America initiated coverage on Verisk Analytics in a research note on Tuesday, October 23rd. They issued a “neutral” rating and a $125.00 price target on the stock. Morgan Stanley restated a “hold” rating and issued a $119.00 price target (up previously from $113.00) on shares of Verisk Analytics in a research note on Thursday, September 13th. Cantor Fitzgerald restated a “buy” rating and issued a $135.00 price target on shares of Verisk Analytics in a research note on Thursday. Finally, SunTrust Banks upped their price target on Verisk Analytics to $120.00 in a research note on Thursday, November 1st. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $116.00.
In related news, insider David J. Grover sold 9,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $121.50, for a total value of $1,154,250.00. Following the transaction, the insider now directly owns 16,569 shares of the company’s stock, valued at approximately $2,013,133.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Wright sold 4,200 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $121.03, for a total value of $508,326.00. Following the completion of the transaction, the director now directly owns 27,941 shares in the company, valued at $3,381,699.23. The disclosure for this sale can be found here. Over the last ninety days, 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.
Verisk Analytics stock opened at $114.45 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $19.82 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.49 and a beta of 0.62. Verisk Analytics, Inc. has a twelve month low of $90.60 and a twelve month high of $125.99.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, October 30th. The business services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The company had revenue of $598.70 million for the quarter, compared to the consensus estimate of $596.79 million. Verisk Analytics had a return on equity of 31.53% and a net margin of 27.94%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. On average, analysts expect that Verisk Analytics, Inc. will post 4.15 EPS for the current fiscal year.
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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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