RiverPark Advisors LLC lessened its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 23.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 221,000 shares of the business services provider’s stock after selling 69,000 shares during the period. Verisk Analytics accounts for about 3.0% of RiverPark Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. RiverPark Advisors LLC owned approximately 0.13% of Verisk Analytics worth $21,216,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Dupont Capital Management Corp bought a new position in shares of Verisk Analytics in the fourth quarter worth about $112,000. Fusion Family Wealth LLC bought a new position in shares of Verisk Analytics in the fourth quarter worth about $116,000. Virtue Capital Management LLC bought a new position in shares of Verisk Analytics in the fourth quarter worth about $121,000. Bank of Nova Scotia Trust Co. bought a new position in shares of Verisk Analytics in the third quarter worth about $164,000. Finally, Calton & Associates Inc. bought a new position in shares of Verisk Analytics in the fourth quarter worth about $183,000. 92.46% of the stock is owned by institutional investors and hedge funds.
In related news, Director Hyatt J. Brown sold 73,587 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $100.20, for a total value of $7,373,417.40. Following the sale, the director now directly owns 78,673 shares in the company, valued at $7,883,034.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John F. Lehman sold 7,107 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $105.37, for a total value of $748,864.59. Following the completion of the sale, the director now owns 106,656 shares in the company, valued at $11,238,342.72. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,177 shares of company stock worth $112,591 and sold 112,220 shares worth $11,131,550. 3.41% of the stock is currently owned by insiders.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, February 20th. The business services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.56. The company had revenue of $570.30 million for the quarter, compared to the consensus estimate of $557.09 million. Verisk Analytics had a return on equity of 33.58% and a net margin of 25.88%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. analysts anticipate that Verisk Analytics, Inc. will post 3.97 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Verisk Analytics from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Monday, February 26th. BidaskClub lowered Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $102.00 price objective (up previously from $100.00) on shares of Verisk Analytics in a research note on Thursday, February 22nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $106.00 price objective (up previously from $96.00) on shares of Verisk Analytics in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised Verisk Analytics from a “neutral” rating to an “overweight” rating and set a $100.00 price objective for the company in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $103.07.
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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