Raymond James & Associates Trims Stake in Verisk Analytics, Inc. (VRSK)
Raymond James & Associates trimmed its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 9.5% in the second quarter, HoldingsChannel reports. The firm owned 73,513 shares of the business services provider’s stock after selling 7,690 shares during the period. Raymond James & Associates’ holdings in Verisk Analytics were worth $7,913,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of VRSK. Massachusetts Financial Services Co. MA raised its stake in shares of Verisk Analytics by 17.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,747,411 shares of the business services provider’s stock valued at $726,290,000 after purchasing an additional 987,698 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Verisk Analytics by 44.8% in the first quarter. Franklin Resources Inc. now owns 2,773,570 shares of the business services provider’s stock valued at $288,485,000 after purchasing an additional 858,233 shares in the last quarter. Unigestion Holding SA acquired a new position in shares of Verisk Analytics in the second quarter valued at $41,819,000. Triple Frond Partners LLC acquired a new position in shares of Verisk Analytics in the second quarter valued at $41,724,000. Finally, BlackRock Inc. raised its stake in shares of Verisk Analytics by 3.8% in the first quarter. BlackRock Inc. now owns 10,125,955 shares of the business services provider’s stock valued at $1,053,100,000 after purchasing an additional 374,103 shares in the last quarter. Institutional investors and hedge funds own 92.30% of the company’s stock.
In other news, CEO Scott G. Stephenson sold 18,294 shares of the firm’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $107.14, for a total value of $1,960,019.16. Following the completion of the sale, the chief executive officer now directly owns 660,940 shares in the company, valued at $70,813,111.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Vincent De P. Mccarthy sold 3,090 shares of the firm’s stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $112.20, for a total value of $346,698.00. Following the completion of the sale, the senior vice president now owns 37,127 shares of the company’s stock, valued at $4,165,649.40. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 964 shares of company stock valued at $112,002 and have sold 600,225 shares valued at $68,619,849. Corporate insiders own 3.19% of the company’s stock.
Verisk Analytics stock opened at $120.03 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.43 and a quick ratio of 0.43. Verisk Analytics, Inc. has a 52-week low of $81.49 and a 52-week high of $122.80. The firm has a market cap of $19.77 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 2.28 and a beta of 0.66.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, July 31st. The business services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.05. Verisk Analytics had a return on equity of 31.35% and a net margin of 26.58%. The firm had revenue of $601.30 million during the quarter, compared to analyst estimates of $586.22 million. equities analysts anticipate that Verisk Analytics, Inc. will post 4.16 EPS for the current fiscal year.
Verisk Analytics Company 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.
Featured Story: Determine Your Level of Risk Tolerance
Want to see what other hedge funds are holding VRSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisk Analytics, Inc. (NASDAQ:VRSK).
Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.