GAM Holding AG lessened its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 14.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,085 shares of the business services provider’s stock after selling 1,641 shares during the period. GAM Holding AG’s holdings in Verisk Analytics were worth $1,216,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors acquired a new position in shares of Verisk Analytics during the 3rd quarter valued at $110,000. Financial Architects Inc acquired a new position in shares of Verisk Analytics during the 3rd quarter valued at $113,000. Fort L.P. acquired a new position in shares of Verisk Analytics during the 2nd quarter valued at $121,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Verisk Analytics during the 3rd quarter valued at $139,000. Finally, NuWave Investment Management LLC increased its stake in Verisk Analytics by 458.2% during the 3rd quarter. NuWave Investment Management LLC now owns 1,189 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 976 shares in the last quarter. Institutional investors own 93.17% of the company’s stock.
In other news, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $121.97, for a total value of $365,910.00. Following the completion of the sale, the director now owns 82,605 shares in the company, valued at approximately $10,075,331.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Scott G. Stephenson sold 18,756 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $122.98, for a total transaction of $2,306,612.88. Following the completion of the sale, the chief executive officer now owns 847,652 shares of the company’s stock, valued at approximately $104,244,242.96. The disclosure for this sale can be found here. In the last quarter, insiders bought 936 shares of company stock valued at $112,080 and sold 303,674 shares valued at $36,360,561. Corporate insiders own 3.19% of the company’s stock.
NASDAQ VRSK opened at $114.45 on Friday. Verisk Analytics, Inc. has a 1 year low of $90.60 and a 1 year high of $125.99. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market capitalization of $19.82 billion, a PE ratio of 35.65, a PEG ratio of 2.49 and a beta of 0.62.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, October 30th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Verisk Analytics had a net margin of 27.94% and a return on equity of 31.53%. The firm had revenue of $598.70 million during the quarter, compared to analyst estimates of $596.79 million. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. Analysts forecast that Verisk Analytics, Inc. will post 4.15 earnings per share for the current fiscal year.
A number of analysts have commented on VRSK shares. BidaskClub lowered shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 22nd. Zacks Investment Research lowered shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Morgan Stanley restated a “hold” rating and set a $119.00 price target (up previously from $113.00) on shares of Verisk Analytics in a research note on Thursday, September 13th. Cantor Fitzgerald restated a “buy” rating and set a $135.00 price target on shares of Verisk Analytics in a research note on Thursday. Finally, Bank of America started coverage on shares of Verisk Analytics in a research note on Tuesday, October 23rd. They set a “neutral” rating and a $125.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Verisk Analytics currently has a consensus rating of “Buy” and an average price target of $116.00.
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Verisk Analytics Company 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.
Further Reading: Analyst Ratings
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