Commerce Bank lowered its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 21.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 56,289 shares of the business services provider’s stock after selling 15,209 shares during the period. Commerce Bank’s holdings in Verisk Analytics were worth $4,749,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of VRSK. First Manhattan Co. boosted its position in shares of Verisk Analytics by 1.6% in the second quarter. First Manhattan Co. now owns 3,658 shares of the business services provider’s stock valued at $308,000 after buying an additional 58 shares in the last quarter. Mason Street Advisors LLC boosted its position in shares of Verisk Analytics by 0.4% in the first quarter. Mason Street Advisors LLC now owns 21,378 shares of the business services provider’s stock valued at $1,735,000 after buying an additional 75 shares in the last quarter. Conning Inc. boosted its position in shares of Verisk Analytics by 3.1% in the first quarter. Conning Inc. now owns 2,990 shares of the business services provider’s stock valued at $243,000 after buying an additional 90 shares in the last quarter. Shell Asset Management Co. boosted its position in shares of Verisk Analytics by 0.6% in the first quarter. Shell Asset Management Co. now owns 16,342 shares of the business services provider’s stock valued at $1,326,000 after buying an additional 92 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Verisk Analytics by 1.3% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,544 shares of the business services provider’s stock valued at $612,000 after buying an additional 100 shares in the last quarter. 93.33% of the stock is owned by hedge funds and other institutional investors.

Verisk Analytics, Inc. (NASDAQ:VRSK) opened at 81.05 on Friday. Verisk Analytics, Inc. has a 1-year low of $75.60 and a 1-year high of $88.17. The firm has a market capitalization of $13.34 billion, a P/E ratio of 29.46 and a beta of 0.66. The stock has a 50 day moving average of $83.22 and a 200-day moving average of $81.91.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. On average, equities research analysts anticipate that Verisk Analytics, Inc. will post $3.14 earnings per share for the current year.

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A number of equities analysts have recently weighed in on VRSK shares. UBS AG reissued a “sell” rating and issued a $75.00 price target (up from $71.00) on shares of Verisk Analytics in a report on Friday, July 14th. Zacks Investment Research downgraded Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. Macquarie raised Verisk Analytics from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $90.00 to $95.00 in a research report on Friday, May 5th. BidaskClub raised Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, Royal Bank Of Canada lowered their price target on Verisk Analytics from $85.00 to $82.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $85.38.

In related news, Director Christopher M. Foskett sold 1,304 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $82.46, for a total value of $107,527.84. Following the sale, the director now directly owns 9,989 shares of the company’s stock, valued at approximately $823,692.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David B. Wright sold 15,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $80.32, for a total transaction of $1,204,800.00. Following the completion of the sale, the director now directly owns 22,025 shares in the company, valued at $1,769,048. The disclosure for this sale can be found here. Insiders sold a total of 19,304 shares of company stock worth $1,562,738 over the last ninety days. 3.41% of the stock is currently owned by insiders.

Verisk Analytics Company Profile

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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