Verisk Analytics, Inc. (VRSK) Shares Sold by Montag & Caldwell LLC
Montag & Caldwell LLC cut its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 43.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,957 shares of the business services provider’s stock after selling 4,648 shares during the period. Montag & Caldwell LLC’s holdings in Verisk Analytics were worth $503,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Integrated Investment Consultants LLC increased its position in shares of Verisk Analytics by 45.8% in the second quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock worth $112,000 after buying an additional 418 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Verisk Analytics by 40.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock worth $112,000 after buying an additional 380 shares during the last quarter. Huntington National Bank increased its position in shares of Verisk Analytics by 29.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock worth $131,000 after buying an additional 354 shares during the last quarter. Ledyard National Bank increased its position in shares of Verisk Analytics by 40.4% in the first quarter. Ledyard National Bank now owns 2,085 shares of the business services provider’s stock worth $169,000 after buying an additional 600 shares during the last quarter. Finally, Atria Investments LLC acquired a new position in shares of Verisk Analytics during the second quarter worth $223,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.
Shares of Verisk Analytics, Inc. (VRSK) traded up 0.58% during midday trading on Friday, reaching $81.05. 47,898 shares of the company’s stock were exchanged. Verisk Analytics, Inc. has a one year low of $75.60 and a one year high of $88.17. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 29.46 and a beta of 0.66. The firm has a 50 day moving average of $84.44 and a 200-day moving average of $82.14.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The business had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 EPS. On average, equities research analysts anticipate that Verisk Analytics, Inc. will post $3.14 earnings per share for the current year.
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A number of brokerages have recently weighed in on VRSK. Macquarie upgraded Verisk Analytics from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $90.00 to $95.00 in a research note on Friday, May 5th. Zacks Investment Research downgraded Verisk Analytics from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. J P Morgan Chase & Co downgraded Verisk Analytics from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $87.00 to $75.00 in a research note on Wednesday, May 3rd. BidaskClub upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $82.00 price objective (down previously from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. Verisk Analytics currently has an average rating of “Hold” and an average price target of $85.00.
In other news, Director Christopher M. Foskett sold 1,304 shares of Verisk Analytics stock in a transaction on 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 owns 9,989 shares in the company, valued at approximately $823,692.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John F. Lehman sold 8,247 shares of Verisk Analytics stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $78.72, for a total transaction of $649,203.84. Following the transaction, the director now owns 115,073 shares in the company, valued at approximately $9,058,546.56. The disclosure for this sale can be found here. Insiders have sold a total of 27,551 shares of company stock worth $2,211,942 in the last quarter. Corporate insiders own 3.41% of the company’s stock.
Verisk Analytics Company 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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