Verisk Analytics, Inc. (VRSK) Position Cut by Logan Capital Management Inc.
Logan Capital Management Inc. reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 196,544 shares of the business services provider’s stock after selling 4,063 shares during the period. Verisk Analytics comprises 1.2% of Logan Capital Management Inc.’s holdings, making the stock its 27th largest position. Logan Capital Management Inc. owned about 0.12% of Verisk Analytics worth $16,583,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Martingale Asset Management L P grew its holdings in Verisk Analytics by 41.5% during the first quarter. Martingale Asset Management L P now owns 6,815 shares of the business services provider’s stock worth $553,000 after purchasing an additional 2,000 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Verisk Analytics by 4.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,737 shares of the business services provider’s stock worth $303,000 after buying an additional 160 shares during the last quarter. Pacer Advisors Inc. increased its position in Verisk Analytics by 4.1% during the first quarter. Pacer Advisors Inc. now owns 5,056 shares of the business services provider’s stock worth $410,000 after buying an additional 201 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Verisk Analytics by 42.4% in the first quarter. JPMorgan Chase & Co. now owns 177,492 shares of the business services provider’s stock valued at $14,402,000 after buying an additional 52,839 shares during the period. Finally, 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 valued at $17,563,000 after buying an additional 1,370 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.
A number of analysts have recently issued reports on the company. Credit Suisse Group reaffirmed a “neutral” rating and issued a $85.00 price objective (up from $80.00) on shares of Verisk Analytics in a research report on Thursday, August 3rd. UBS AG reiterated a “sell” rating and set a $75.00 target price (up from $71.00) on shares of Verisk Analytics in a research note on Friday, July 14th. SunTrust Banks, Inc. lowered Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a report on Thursday, August 3rd. BMO Capital Markets reissued a “hold” rating and set a $83.00 target price on shares of Verisk Analytics in a report on Friday, September 15th. Finally, Keefe, Bruyette & Woods set a $90.00 price target on Verisk Analytics and gave the company a “buy” rating in a research note on Monday, August 21st. One 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $85.38.
In other news, Director David B. Wright sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total transaction of $808,200.00. Following the completion of the transaction, the director now directly owns 13,951 shares of the company’s stock, valued at approximately $1,127,519.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew G. Mills sold 1,768 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $82.50, for a total transaction of $145,860.00. Following the transaction, the director now directly owns 102,525 shares of the company’s stock, valued at $8,458,312.50. The disclosure for this sale can be found here. Insiders have sold 17,304 shares of company stock valued at $1,410,728 in the last 90 days. 3.41% of the stock is currently owned by corporate insiders.
Verisk Analytics, Inc. (VRSK) traded up 0.79% during mid-day trading on Monday, reaching $83.85. The company had a trading volume of 189,072 shares. The stock has a 50-day moving average of $81.49 and a 200 day moving average of $81.67. 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 $13.80 billion, a price-to-earnings ratio of 30.48 and a beta of 0.70.
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, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The company had revenue of $523.20 million during the quarter, compared to analyst estimates 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 for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. On average, analysts expect that Verisk Analytics, Inc. will post $3.14 EPS for the current year.
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Verisk Analytics 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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