DnB Asset Management AS Reduces Holdings in Verisk Analytics, Inc. (VRSK)

DnB Asset Management AS reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,551 shares of the business services provider’s stock after selling 2,600 shares during the quarter. DnB Asset Management AS’s holdings in Verisk Analytics were worth $1,877,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Verisk Analytics by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,353,093 shares of the business services provider’s stock valued at $1,295,340,000 after acquiring an additional 734,200 shares in the last quarter. Harding Loevner LP grew its position in Verisk Analytics by 95.4% in the 3rd quarter. Harding Loevner LP now owns 5,847,407 shares of the business services provider’s stock valued at $243,146,000 after acquiring an additional 2,855,204 shares in the last quarter. Janus Henderson Group PLC grew its position in Verisk Analytics by 1,487.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,502,847 shares of the business services provider’s stock valued at $464,275,000 after acquiring an additional 5,156,187 shares in the last quarter. Principal Financial Group Inc. grew its position in Verisk Analytics by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 4,041,740 shares of the business services provider’s stock valued at $336,233,000 after acquiring an additional 47,683 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its position in Verisk Analytics by 6.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,816,797 shares of the business services provider’s stock valued at $151,102,000 after acquiring an additional 103,564 shares in the last quarter. 92.84% of the stock is owned by institutional investors.

Verisk Analytics, Inc. (VRSK) opened at $97.50 on Monday. Verisk Analytics, Inc. has a 52-week low of $75.60 and a 52-week high of $98.60. The company has a market capitalization of $16,057.47, a PE ratio of 35.85, a PEG ratio of 3.18 and a beta of 0.80. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.45.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, topping the Zacks’ 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 the consensus estimate of $527.97 million. During the same period in the previous year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. research analysts predict that Verisk Analytics, Inc. will post 3.17 EPS for the current year.

Several equities analysts have weighed in on the company. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $108.00 target price on shares of Verisk Analytics in a research report on Friday, December 8th. BidaskClub downgraded Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Robert W. Baird reaffirmed a “buy” rating on shares of Verisk Analytics in a research report on Wednesday, November 1st. Zacks Investment Research raised Verisk Analytics from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Saturday, January 6th. Finally, Morgan Stanley lifted their target price on Verisk Analytics from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Verisk Analytics currently has an average rating of “Hold” and a consensus target price of $92.64.

In related news, CFO Lee Shavel acquired 388 shares of the stock in a transaction dated Wednesday, January 10th. The stock was acquired at an average cost of $96.61 per share, with a total value of $37,484.68. Following the completion of the transaction, the chief financial officer now owns 22,729 shares in the company, valued at approximately $2,195,848.69. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO David J. Grover sold 7,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $92.45, for a total value of $647,150.00. Following the transaction, the chief accounting officer now directly owns 13,028 shares of the company’s stock, valued at $1,204,438.60. The disclosure for this sale can be found here. Over the last three months, insiders have bought 22,978 shares of company stock valued at $2,098,817 and have sold 327,172 shares valued at $28,591,387. Insiders own 3.41% of the company’s stock.

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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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