State Treasurer State of Michigan Has $3.92 Million Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

State Treasurer State of Michigan reduced its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,116 shares of the business services provider’s stock after selling 3,400 shares during the quarter. State Treasurer State of Michigan’s holdings in Verisk Analytics were worth $3,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mountain Pacific Investment Advisers Inc. ID boosted its stake in Verisk Analytics by 63.4% during the third quarter. Mountain Pacific Investment Advisers Inc. ID now owns 198,962 shares of the business services provider’s stock worth $16,552,000 after buying an additional 77,185 shares during the period. Assenagon Asset Management S.A. boosted its stake in Verisk Analytics by 161.7% during the third quarter. Assenagon Asset Management S.A. now owns 9,257 shares of the business services provider’s stock worth $770,000 after buying an additional 5,720 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of Verisk Analytics by 154.4% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,613,738 shares of the business services provider’s stock worth $134,247,000 after purchasing an additional 979,475 shares during the last quarter. Shell Asset Management Co. lifted its position in shares of Verisk Analytics by 764.7% during the third quarter. Shell Asset Management Co. now owns 147,295 shares of the business services provider’s stock worth $8,969,000 after purchasing an additional 130,260 shares during the last quarter. Finally, Eqis Capital Management Inc. lifted its position in shares of Verisk Analytics by 4.9% during the third quarter. Eqis Capital Management Inc. now owns 16,682 shares of the business services provider’s stock worth $1,388,000 after purchasing an additional 772 shares during the last quarter. 93.65% of the stock is owned by institutional investors and hedge funds.

Verisk Analytics, Inc. (NASDAQ:VRSK) traded down $0.09 during midday trading on Tuesday, reaching $90.12. The company had a trading volume of 888,900 shares, compared to its average volume of 805,057. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm has a market cap of $14,840.00, a P/E ratio of 28.19, a P/E/G ratio of 3.20 and a beta of 0.76. Verisk Analytics, Inc. has a 1 year low of $75.60 and a 1 year high of $92.92.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.06. The company had revenue of $549.10 million during the quarter, compared to analysts’ expectations of $527.97 million. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. research analysts predict that Verisk Analytics, Inc. will post 3.17 EPS for the current fiscal year.

Several analysts have recently weighed in on VRSK shares. SunTrust Banks, Inc. reiterated a “hold” rating and set a $85.00 target price on shares of Verisk Analytics in a research report on Wednesday, November 1st. Credit Suisse Group AG restated a “neutral” rating and issued a $85.00 price objective (up from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Royal Bank Of Canada reiterated a “hold” rating and issued a $83.00 target price on shares of Verisk Analytics in a report on Thursday, November 2nd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $83.00 target price on shares of Verisk Analytics in a report on Friday, September 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $88.29.

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In other news, EVP Kenneth E. Thompson sold 80,207 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $85.13, for a total transaction of $6,828,021.91. Following the sale, the executive vice president now owns 107,264 shares of the company’s stock, valued at approximately $9,131,384.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher M. Foskett sold 5,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $91.02, for a total value of $500,610.00. Following the sale, the director now directly owns 15,489 shares in the company, valued at approximately $1,409,808.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 318,146 shares of company stock valued at $27,443,084. Company insiders own 3.41% of the company’s stock.

About Verisk Analytics

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.

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

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