Gulf International Bank UK Ltd boosted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,707 shares of the business services provider’s stock after acquiring an additional 1,300 shares during the period. Gulf International Bank UK Ltd’s holdings in Verisk Analytics were worth $6,353,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Asset Dedication LLC increased its stake in Verisk Analytics by 445.9% during the 2nd quarter. Asset Dedication LLC now owns 5,656 shares of the business services provider’s stock worth $610,000 after acquiring an additional 4,620 shares during the period. Toronto Dominion Bank increased its stake in shares of Verisk Analytics by 17.7% in the 2nd quarter. Toronto Dominion Bank now owns 111,318 shares of the business services provider’s stock valued at $11,980,000 after purchasing an additional 16,757 shares during the last quarter. Strs Ohio increased its stake in shares of Verisk Analytics by 5.1% in the 2nd quarter. Strs Ohio now owns 211,510 shares of the business services provider’s stock valued at $22,766,000 after purchasing an additional 10,174 shares during the last quarter. Swiss National Bank increased its stake in shares of Verisk Analytics by 2.8% in the 2nd quarter. Swiss National Bank now owns 600,043 shares of the business services provider’s stock valued at $64,589,000 after purchasing an additional 16,400 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Verisk Analytics in the 2nd quarter valued at $724,000. Hedge funds and other institutional investors own 92.38% of the company’s stock.
Several brokerages have recently issued reports on VRSK. SunTrust Banks lifted their price target on Verisk Analytics to $120.00 in a research note on Thursday, November 1st. Robert W. Baird lifted their price target on Verisk Analytics from $125.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. BidaskClub upgraded Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Bank of America initiated coverage on Verisk Analytics in a research note on Tuesday, October 23rd. They issued a “neutral” rating and a $125.00 price target on the stock. Finally, Zacks Investment Research downgraded Verisk Analytics from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Verisk Analytics has a consensus rating of “Hold” and a consensus price target of $112.17.
In related news, COO Mark V. Anquillare sold 53,125 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $116.73, for a total transaction of $6,201,281.25. Following the sale, the chief operating officer now owns 114,644 shares of the company’s stock, valued at approximately $13,382,394.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Lee Shavel acquired 312 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were purchased at an average cost of $119.82 per share, for a total transaction of $37,383.84. Following the acquisition, the chief financial officer now owns 29,110 shares in the company, valued at $3,487,960.20. The disclosure for this purchase can be found here. In the last three months, insiders have sold 302,275 shares of company stock worth $35,696,533. 3.19% of the stock is currently owned by company insiders.
NASDAQ VRSK opened at $123.38 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.49. Verisk Analytics, Inc. has a twelve month low of $89.65 and a twelve month high of $123.81. The firm has a market cap of $19.57 billion, a P/E ratio of 38.44, a PEG ratio of 2.46 and a beta of 0.58.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, October 30th. The business services provider reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Verisk Analytics had a return on equity of 31.53% and a net margin of 27.94%. The company had revenue of $598.70 million for the quarter, compared to the consensus estimate of $596.79 million. During the same quarter last year, the business posted $0.84 EPS. Verisk Analytics’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts forecast that Verisk Analytics, Inc. will post 4.15 earnings per share for the current fiscal year.
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Verisk Analytics Profile
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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