Verisk Analytics, Inc. (VRSK) Shares Bought by Nordea Investment Management AB
Nordea Investment Management AB grew its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 3.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,851 shares of the business services provider’s stock after buying an additional 908 shares during the period. Nordea Investment Management AB’s holdings in Verisk Analytics were worth $2,097,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of VRSK. Martingale Asset Management L P grew its position in shares of Verisk Analytics by 41.5% during the 1st quarter. Martingale Asset Management L P now owns 6,815 shares of the business services provider’s stock worth $553,000 after buying an additional 2,000 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Verisk Analytics by 4.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,737 shares of the business services provider’s stock valued at $303,000 after acquiring an additional 160 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Verisk Analytics by 42.4% during the 1st quarter. JPMorgan Chase & Co. now owns 177,492 shares of the business services provider’s stock valued at $14,402,000 after acquiring an additional 52,839 shares during the period. Prudential Financial Inc. lifted its position in shares of Verisk Analytics by 0.6% during the 1st quarter. Prudential Financial Inc. now owns 216,456 shares of the business services provider’s stock valued at $17,563,000 after acquiring an additional 1,370 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Verisk Analytics during the 1st quarter valued at $971,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.
Several research analysts recently issued reports on VRSK shares. BidaskClub raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Zacks Investment Research raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. UBS AG reiterated a “sell” rating and set a $75.00 price objective (up previously from $71.00) on shares of Verisk Analytics in a report on Friday, July 14th. BMO Capital Markets upped their price objective on shares of Verisk Analytics from $81.00 to $83.00 and gave the company a “market perform” rating in a report on Friday, July 14th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $82.00 price objective (down previously from $83.00) on shares of Verisk Analytics in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $85.38.
Shares of Verisk Analytics, Inc. (NASDAQ VRSK) opened at 83.52 on Tuesday. Verisk Analytics, Inc. has a 12-month low of $75.60 and a 12-month high of $88.17. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 30.36 and a beta of 0.70. The company has a 50 day moving average of $81.44 and a 200-day moving average of $81.79.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $523.20 million during the quarter, compared to the consensus estimate of $519.67 million. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 earnings per share. Analysts predict that Verisk Analytics, Inc. will post $3.14 EPS for the current year.
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In related news, Director Andrew G. Mills sold 1,768 shares of Verisk Analytics stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $82.50, for a total transaction of $145,860.00. Following the completion of the transaction, the director now directly owns 102,525 shares of the company’s stock, valued at approximately $8,458,312.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher M. Foskett sold 1,304 shares of Verisk Analytics stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $82.46, for a total transaction of $107,527.84. Following the transaction, the director now directly owns 9,989 shares of the company’s stock, valued at $823,692.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,304 shares of company stock worth $1,410,728. Company insiders own 3.41% of the company’s stock.
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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