CIBC World Markets Inc. Takes $602,000 Position in Verisk Analytics, Inc. (VRSK)
CIBC World Markets Inc. purchased a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,134 shares of the business services provider’s stock, valued at approximately $602,000.
Several other hedge funds have also added to or reduced their stakes in VRSK. BlackRock Inc. grew its position in shares of Verisk Analytics by 2,758.9% in the first quarter. BlackRock Inc. now owns 9,612,882 shares of the business services provider’s stock valued at $779,989,000 after purchasing an additional 9,276,635 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Verisk Analytics by 96.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,199,787 shares of the business services provider’s stock valued at $340,771,000 after purchasing an additional 2,060,620 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Verisk Analytics by 70.8% in the second quarter. Neuberger Berman Group LLC now owns 2,872,109 shares of the business services provider’s stock valued at $242,320,000 after purchasing an additional 1,190,340 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of Verisk Analytics in the second quarter valued at approximately $53,513,000. Finally, Vanguard Group Inc. grew its position in shares of Verisk Analytics by 2.6% in the first quarter. Vanguard Group Inc. now owns 14,618,893 shares of the business services provider’s stock valued at $1,186,178,000 after purchasing an additional 369,542 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.
VRSK has been the topic of several research reports. Keefe, Bruyette & Woods set a $90.00 price target on shares of Verisk Analytics and gave the company a “buy” rating in a research report on Monday, August 21st. Morgan Stanley reissued an “equal weight” rating and set a $82.00 price objective (down previously from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and set a $83.00 price objective on shares of Verisk Analytics in a research note on Friday. SunTrust Banks, Inc. downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 price objective on the stock. in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Verisk Analytics in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Verisk Analytics has a consensus rating of “Hold” and a consensus target price of $85.38.
Verisk Analytics, Inc. (NASDAQ:VRSK) opened at 81.77 on Tuesday. The firm’s 50-day moving average is $81.65 and its 200 day moving average is $81.69. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 29.72 and a beta of 0.68. Verisk Analytics, Inc. has a one year low of $75.60 and a one year high of $88.17.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The business had revenue of $523.20 million during the quarter, compared to analysts’ expectations of $519.67 million. During the same period in the previous year, the company earned $0.73 earnings per share. Verisk Analytics’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that Verisk Analytics, Inc. will post $3.14 EPS for the current fiscal year.
In related news, Director Andrew G. Mills sold 3,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $82.50, for a total transaction of $247,500.00. Following the transaction, the director now owns 105,525 shares of the company’s stock, valued at $8,705,812.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David B. Wright sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $80.82, for a total transaction of $808,200.00. Following the transaction, the director now directly owns 13,951 shares in the company, valued at approximately $1,127,519.82. The disclosure for this sale can be found here. Insiders have sold 14,304 shares of company stock worth $1,163,228 in the last ninety days. 3.41% of the stock is currently owned by 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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