Mackay Shields LLC Sells 31,226 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Mackay Shields LLC trimmed its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 33.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,236 shares of the business services provider’s stock after selling 31,226 shares during the quarter. Mackay Shields LLC’s holdings in Verisk Analytics were worth $10,000,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greenleaf Trust increased its stake in Verisk Analytics by 2.8% in the 2nd quarter. Greenleaf Trust now owns 2,634 shares of the business services provider’s stock valued at $386,000 after purchasing an additional 71 shares in the last quarter. Meridian Wealth Management LLC increased its position in Verisk Analytics by 18.8% during the second quarter. Meridian Wealth Management LLC now owns 475 shares of the business services provider’s stock worth $70,000 after buying an additional 75 shares in the last quarter. First Allied Advisory Services Inc. increased its position in Verisk Analytics by 1.2% during the second quarter. First Allied Advisory Services Inc. now owns 7,133 shares of the business services provider’s stock worth $1,045,000 after buying an additional 82 shares in the last quarter. Clear Harbor Asset Management LLC increased its position in Verisk Analytics by 4.0% during the second quarter. Clear Harbor Asset Management LLC now owns 2,429 shares of the business services provider’s stock worth $356,000 after buying an additional 94 shares in the last quarter. Finally, Neuburgh Advisers LLC increased its position in Verisk Analytics by 1.7% during the second quarter. Neuburgh Advisers LLC now owns 5,824 shares of the business services provider’s stock worth $853,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

In related news, insider Vincent De P. Mccarthy sold 46,229 shares of Verisk Analytics stock in a transaction on Friday, September 13th. The stock was sold at an average price of $156.87, for a total value of $7,251,943.23. Following the transaction, the insider now owns 53,922 shares in the company, valued at $8,458,744.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mark V. Anquillare sold 26,250 shares of Verisk Analytics stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $140.45, for a total value of $3,686,812.50. Following the completion of the transaction, the chief operating officer now owns 87,776 shares in the company, valued at approximately $12,328,139.20. The disclosure for this sale can be found here. Insiders have sold 79,661 shares of company stock worth $12,025,536 in the last 90 days. Insiders own 2.71% of the company’s stock.

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods assumed coverage on Verisk Analytics in a research report on Monday, September 23rd. They set a “market perform” rating and a $166.00 price target for the company. Morgan Stanley dropped their price target on Verisk Analytics from $164.00 to $162.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Robert W. Baird raised their price target on Verisk Analytics from $137.00 to $165.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th. Bank of America raised their price target on Verisk Analytics from $146.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, William Blair reissued an “outperform” rating on shares of Verisk Analytics in a research report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $148.20.

Shares of VRSK stock traded down $0.77 during mid-day trading on Friday, hitting $139.03. 13,790 shares of the company’s stock were exchanged, compared to its average volume of 927,900. Verisk Analytics, Inc. has a fifty-two week low of $102.74 and a fifty-two week high of $164.97. The stock has a 50-day simple moving average of $153.04 and a two-hundred day simple moving average of $150.02. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.40. The stock has a market cap of $22.74 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 3.01 and a beta of 0.68.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.01). Verisk Analytics had a return on equity of 33.57% and a net margin of 18.23%. The business had revenue of $652.70 million for the quarter, compared to analyst estimates of $650.34 million. During the same quarter last year, the business earned $1.08 EPS. Verisk Analytics’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts anticipate that Verisk Analytics, Inc. will post 4.39 earnings per share for the current fiscal year.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.

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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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