Summit Securities Group LLC Purchases Shares of 2,807 Verisk Analytics, Inc. (NASDAQ:VRSK)
Summit Securities Group LLC purchased a new position in Verisk Analytics, Inc. (NASDAQ:VRSK) during the second quarter, Holdings Channel reports. The firm purchased 2,807 shares of the business services provider’s stock, valued at approximately $237,000.
Several other large investors have also added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. raised its stake in Verisk Analytics by 14.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 9,023 shares of the business services provider’s stock worth $732,000 after buying an additional 1,118 shares in the last quarter. Sandia Holdings LLC raised its stake in Verisk Analytics by 12.7% in the first quarter. Sandia Holdings LLC now owns 167,073 shares of the business services provider’s stock worth $13,556,000 after buying an additional 18,773 shares in the last quarter. Prudential Financial Inc. raised its stake in Verisk Analytics by 0.6% in the first quarter. Prudential Financial Inc. now owns 216,456 shares of the business services provider’s stock worth $17,563,000 after buying an additional 1,370 shares in the last quarter. Morgan Stanley raised its stake in Verisk Analytics by 3.7% in the first quarter. Morgan Stanley now owns 3,787,126 shares of the business services provider’s stock worth $307,286,000 after buying an additional 136,729 shares in the last quarter. Finally, Bares Capital Management Inc. raised its stake in Verisk Analytics by 16.2% in the first quarter. Bares Capital Management Inc. now owns 1,221,990 shares of the business services provider’s stock worth $99,152,000 after buying an additional 169,923 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors.
Verisk Analytics, Inc. (NASDAQ VRSK) opened at 80.62 on Friday. The company’s 50 day moving average price is $84.37 and its 200-day moving average price is $82.13. Verisk Analytics, Inc. has a 12-month low of $75.60 and a 12-month high of $88.17. The company has a market capitalization of $13.27 billion, a P/E ratio of 29.31 and a beta of 0.66.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The business had revenue of $523.20 million for the quarter, compared to the consensus estimate of $519.67 million. During the same period in the prior year, the business earned $0.73 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts forecast that Verisk Analytics, Inc. will post $3.14 earnings per share for the current fiscal year.
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VRSK has been the topic of a number of research analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $92.00 price target on shares of Verisk Analytics in a research report on Tuesday, May 2nd. Credit Suisse Group reiterated a “neutral” rating and set a $85.00 price objective (up from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. BMO Capital Markets increased their price objective on Verisk Analytics from $81.00 to $83.00 and gave the stock a “market perform” rating in a report on Friday, July 14th. Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, J P Morgan Chase & Co downgraded Verisk Analytics from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $87.00 to $75.00 in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $85.00.
In other news, Director Christopher M. Foskett sold 1,304 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $823,692.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David B. Wright sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $80.32, for a total value of $1,204,800.00. Following the completion of the sale, the director now directly owns 22,025 shares of the company’s stock, valued at $1,769,048. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,551 shares of company stock worth $2,211,942. 3.41% of the stock is owned by company 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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