Neuberger Berman Group LLC Sells 145,631 Shares of Verisk Analytics, Inc. (VRSK)

Neuberger Berman Group LLC reduced its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,726,478 shares of the business services provider’s stock after selling 145,631 shares during the quarter. Neuberger Berman Group LLC owned about 1.66% of Verisk Analytics worth $226,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Advisory Services Network LLC grew its stake in shares of Verisk Analytics by 300.5% in the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock worth $143,000 after purchasing an additional 1,268 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of Verisk Analytics by 61.2% in the second quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock worth $149,000 after purchasing an additional 669 shares in the last quarter. BB&T Investment Services Inc. bought a new position in shares of Verisk Analytics in the second quarter worth $153,000. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of Verisk Analytics in the second quarter worth $161,000. Finally, Paradigm Asset Management Co. LLC grew its stake in shares of Verisk Analytics by 5.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,950 shares of the business services provider’s stock worth $165,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

In other news, CAO David J. Grover sold 7,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $92.45, for a total transaction of $647,150.00. Following the completion of the sale, the chief accounting officer now directly owns 13,028 shares of the company’s stock, valued at $1,204,438.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrew G. Mills sold 1,768 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $82.50, for a total value of $145,860.00. Following the sale, the director now directly owns 102,525 shares of the company’s stock, valued at $8,458,312.50. The disclosure for this sale can be found here. Insiders have sold 301,646 shares of company stock valued at $26,129,619 in the last ninety days. Company insiders own 3.41% of the company’s stock.

Several research firms have recently issued reports on VRSK. Keefe, Bruyette & Woods set a $101.00 price target on Verisk Analytics and gave the stock a “buy” rating in a research note on Friday, December 1st. Royal Bank of Canada reissued a “hold” rating and issued a $90.00 price target on shares of Verisk Analytics in a research note on Sunday. Cantor Fitzgerald reissued a “buy” rating and issued a $108.00 price target on shares of Verisk Analytics in a research note on Friday, December 8th. Goldman Sachs Group began coverage on Verisk Analytics in a research note on Wednesday, November 8th. They issued a “neutral” rating and a $89.00 price target for the company. Finally, Credit Suisse Group increased their price target on Verisk Analytics from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. Verisk Analytics currently has an average rating of “Hold” and an average target price of $91.15.

Verisk Analytics, Inc. (NASDAQ:VRSK) opened at $94.60 on Wednesday. Verisk Analytics, Inc. has a 52 week low of $75.60 and a 52 week high of $98.60. The firm has a market capitalization of $15,533.74, a PE ratio of 29.48, a P/E/G ratio of 3.35 and a beta of 0.80. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

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

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Verisk Analytics Company 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.

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

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