BB&T Investment Services Inc. bought a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,822 shares of the business services provider’s stock, valued at approximately $153,000.

A number of other institutional investors also recently made changes to their positions in VRSK. Raymond James Financial Services Advisors Inc. boosted its position in Verisk Analytics by 4.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,737 shares of the business services provider’s stock worth $303,000 after purchasing an additional 160 shares during the period. JPMorgan Chase & Co. boosted its position in Verisk Analytics by 42.4% during the first quarter. JPMorgan Chase & Co. now owns 177,492 shares of the business services provider’s stock worth $14,402,000 after purchasing an additional 52,839 shares during the period. OppenheimerFunds Inc. boosted its position in Verisk Analytics by 7.9% during the first quarter. OppenheimerFunds Inc. now owns 3,044 shares of the business services provider’s stock worth $247,000 after purchasing an additional 222 shares during the period. Royce & Associates LP boosted its position in Verisk Analytics by 106.3% during the first quarter. Royce & Associates LP now owns 13,200 shares of the business services provider’s stock worth $1,071,000 after purchasing an additional 6,800 shares during the period. Finally, Bowie Capital Management LLC boosted its position in Verisk Analytics by 16.3% during the first quarter. Bowie Capital Management LLC now owns 100,000 shares of the business services provider’s stock worth $8,114,000 after purchasing an additional 14,000 shares during the period. 93.28% of the stock is owned by hedge funds and other institutional investors.

Shares of Verisk Analytics, Inc. (NASDAQ:VRSK) traded up 0.52% on Friday, hitting $84.26. The stock had a trading volume of 76,886 shares. The stock’s 50-day moving average price is $81.98 and its 200 day moving average price is $81.96. Verisk Analytics, Inc. has a 52 week low of $75.60 and a 52 week high of $88.17. The company has a market cap of $13.87 billion, a PE ratio of 30.63 and a beta of 0.70.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The business had revenue of $523.20 million during the quarter, compared to the consensus estimate of $519.67 million. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. On average, analysts predict that Verisk Analytics, Inc. will post $3.13 EPS for the current year.

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A number of equities research analysts have issued reports on VRSK shares. BMO Capital Markets reaffirmed a “hold” rating and set a $83.00 target price on shares of Verisk Analytics in a research report on Friday, September 15th. Zacks Investment Research cut Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Verisk Analytics in a research report on Friday, August 4th. Credit Suisse Group reaffirmed a “neutral” rating and set a $85.00 target price (up previously from $80.00) on shares of Verisk Analytics in a research report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods set a $90.00 target price on Verisk Analytics and gave the stock a “buy” rating in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $84.83.

In related news, Director Christopher M. Foskett sold 1,304 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total value of $107,527.84. Following the completion of the sale, the director now directly owns 9,989 shares in the company, valued at approximately $823,692.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Wright sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total value of $808,200.00. Following the completion of the sale, the director now owns 13,951 shares of the company’s stock, valued at $1,127,519.82. The disclosure for this sale can be found here. Insiders sold a total of 17,304 shares of company stock valued at $1,410,728 over the last 90 days. 3.41% of the stock is currently owned by corporate insiders.

About Verisk Analytics

Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.

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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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