Verisk Analytics, Inc. (VRSK) Position Lifted by Legal & General Group Plc
Legal & General Group Plc boosted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 774,092 shares of the business services provider’s stock after buying an additional 28,585 shares during the period. Legal & General Group Plc owned approximately 0.47% of Verisk Analytics worth $64,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in VRSK. HighTower Advisors LLC grew its stake in Verisk Analytics by 2.7% during the 2nd quarter. HighTower Advisors LLC now owns 3,914 shares of the business services provider’s stock valued at $326,000 after purchasing an additional 104 shares during the last quarter. YCG LLC grew its stake in Verisk Analytics by 17.2% during the 3rd quarter. YCG LLC now owns 130,640 shares of the business services provider’s stock valued at $10,881,000 after purchasing an additional 19,182 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Verisk Analytics by 161.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,257 shares of the business services provider’s stock valued at $770,000 after purchasing an additional 5,720 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Verisk Analytics by 28.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 172,995 shares of the business services provider’s stock valued at $14,391,000 after purchasing an additional 38,131 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Verisk Analytics during the 3rd quarter valued at about $266,000. 93.27% of the stock is currently owned by institutional investors.
VRSK has been the topic of several research analyst reports. Goldman Sachs Group initiated coverage on Verisk Analytics in a research note on Wednesday, November 8th. They set a “neutral” rating and a $89.00 price target on the stock. Barclays upped their target price on Verisk Analytics from $86.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Morgan Stanley upped their target price on Verisk Analytics from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Cantor Fitzgerald restated a “buy” rating and issued a $92.00 target price on shares of Verisk Analytics in a research note on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $89.07.
In related news, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $92.72, for a total value of $278,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth E. Thompson sold 80,207 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $85.13, for a total value of $6,828,021.91. Following the completion of the transaction, the executive vice president now directly owns 107,264 shares of the company’s stock, valued at approximately $9,131,384.32. The disclosure for this sale can be found here. Insiders sold a total of 321,146 shares of company stock valued at $27,721,244 in the last ninety days. 3.41% of the stock is currently owned by insiders.
Shares of Verisk Analytics, Inc. (NASDAQ:VRSK) opened at $96.01 on Tuesday. Verisk Analytics, Inc. has a one year low of $75.60 and a one year high of $98.60. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $15,751.13, a PE ratio of 29.89, a PEG ratio of 3.40 and a beta of 0.80.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $549.10 million during the quarter, compared to analysts’ expectations of $527.97 million. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. Verisk Analytics’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. research analysts expect that Verisk Analytics, Inc. will post 3.17 EPS for the current fiscal 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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