Candriam Luxembourg S.C.A. reduced its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 58.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,153 shares of the business services provider’s stock after selling 5,753 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Verisk Analytics were worth $345,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Veritable L.P. lifted its position in Verisk Analytics by 1.3% during the 2nd quarter. Veritable L.P. now owns 3,170 shares of the business services provider’s stock worth $267,000 after buying an additional 41 shares in the last quarter. Gotham Asset Management LLC increased its stake in shares of Verisk Analytics by 1.7% during the 2nd quarter. Gotham Asset Management LLC now owns 2,702 shares of the business services provider’s stock worth $228,000 after purchasing an additional 46 shares during the last quarter. Fiera Capital Corp increased its stake in shares of Verisk Analytics by 0.6% during the 2nd quarter. Fiera Capital Corp now owns 8,778 shares of the business services provider’s stock worth $741,000 after purchasing an additional 54 shares during the last quarter. First Manhattan Co. increased its stake in shares of Verisk Analytics by 1.6% during the 2nd quarter. First Manhattan Co. now owns 3,658 shares of the business services provider’s stock worth $308,000 after purchasing an additional 58 shares during the last quarter. Finally, Bancorpsouth Inc. increased its stake in shares of Verisk Analytics by 1.2% during the 2nd quarter. Bancorpsouth Inc. now owns 5,674 shares of the business services provider’s stock worth $479,000 after purchasing an additional 66 shares during the last quarter. 93.70% of the stock is currently owned by institutional investors and hedge funds.
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In related news, Director Andrew G. Mills sold 3,000 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $82.50, for a total value of $247,500.00. Following the completion of the transaction, the director now owns 105,525 shares of the company’s stock, valued at approximately $8,705,812.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kenneth E. Thompson sold 80,207 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $85.13, for a total transaction of $6,828,021.91. Following the completion of the transaction, the executive vice president now directly owns 107,264 shares of the company’s stock, valued at approximately $9,131,384.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 321,146 shares of company stock valued at $27,721,244. 3.41% of the stock is currently owned by insiders.
Shares of Verisk Analytics, Inc. (VRSK) opened at $93.58 on Wednesday. Verisk Analytics, Inc. has a twelve month low of $75.60 and a twelve month high of $94.10. 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 $15,238.94, a P/E ratio of 28.92, a PEG ratio of 3.29 and a beta of 0.76.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The company had revenue of $549.10 million during the quarter, compared to the consensus estimate of $527.97 million. During the same quarter in the prior year, the firm posted $0.84 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. research analysts forecast that Verisk Analytics, Inc. will post 3.17 earnings per share for the current year.
VRSK has been the topic of several recent analyst reports. Barclays PLC boosted their price objective on shares of Verisk Analytics from $86.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. BMO Capital Markets reiterated a “hold” rating and issued a $83.00 price target on shares of Verisk Analytics in a research note on Friday, September 15th. Zacks Investment Research lowered shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Morgan Stanley upped their price target on shares of Verisk Analytics from $83.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Verisk Analytics in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $88.29.
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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