BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 19.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,161 shares of the business services provider’s stock after selling 11,643 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Verisk Analytics were worth $5,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its holdings in Verisk Analytics by 3.6% during the second quarter. BlackRock Inc. now owns 10,487,625 shares of the business services provider’s stock valued at $1,128,890,000 after buying an additional 361,670 shares during the last quarter. GAM Holding AG increased its holdings in Verisk Analytics by 41.0% during the second quarter. GAM Holding AG now owns 11,726 shares of the business services provider’s stock valued at $1,262,000 after buying an additional 3,410 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Verisk Analytics by 2.3% during the second quarter. CIBC Asset Management Inc now owns 40,603 shares of the business services provider’s stock valued at $4,371,000 after buying an additional 923 shares during the last quarter. Bowie Capital Management LLC increased its holdings in Verisk Analytics by 6.9% during the second quarter. Bowie Capital Management LLC now owns 93,000 shares of the business services provider’s stock valued at $10,011,000 after buying an additional 6,000 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in Verisk Analytics by 17.6% during the second quarter. Private Advisor Group LLC now owns 37,149 shares of the business services provider’s stock valued at $4,017,000 after buying an additional 5,562 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Shares of NASDAQ VRSK opened at $120.46 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $19.62 billion, a PE ratio of 37.53, a PEG ratio of 2.26 and a beta of 0.66. Verisk Analytics, Inc. has a 1 year low of $80.32 and a 1 year high of $120.69.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, July 31st. The business services provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.05. Verisk Analytics had a net margin of 26.58% and a return on equity of 31.35%. The firm had revenue of $601.30 million during the quarter, compared to analyst estimates of $586.22 million. research analysts predict that Verisk Analytics, Inc. will post 4.16 earnings per share for the current fiscal year.

In related news, CEO Scott G. Stephenson sold 18,294 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $107.14, for a total transaction of $1,960,019.16. Following the completion of the transaction, the chief executive officer now owns 660,940 shares in the company, valued at $70,813,111.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenneth E. Thompson sold 87,807 shares of the company’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $110.79, for a total transaction of $9,728,137.53. Following the transaction, the executive vice president now owns 87,915 shares of the company’s stock, valued at approximately $9,740,102.85. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 996 shares of company stock valued at $112,124 and have sold 591,801 shares valued at $66,416,069. 3.19% of the stock is currently owned by corporate insiders.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Tuesday, July 17th. BidaskClub cut shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 22nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $115.00 price objective on shares of Verisk Analytics in a research note on Thursday, July 19th. SunTrust Banks reissued a “hold” rating and issued a $109.00 price objective on shares of Verisk Analytics in a research note on Wednesday, August 1st. Finally, Morgan Stanley increased their price objective on shares of Verisk Analytics from $107.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, July 18th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Verisk Analytics has an average rating of “Hold” and a consensus target price of $106.15.

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

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