Gateway Investment Advisers LLC lessened its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,806 shares of the business services provider’s stock after selling 19,028 shares during the period. Gateway Investment Advisers LLC owned approximately 0.13% of Verisk Analytics worth $20,237,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Advisory Services Network LLC boosted 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 valued at $143,000 after buying an additional 1,268 shares during the period. Perigon Wealth Management LLC boosted 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 valued at $149,000 after buying an additional 669 shares during the period. BB&T Investment Services Inc. bought a new stake in shares of Verisk Analytics in the second quarter valued at approximately $153,000. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of Verisk Analytics in the second quarter valued at approximately $161,000. Finally, Bank of Nova Scotia Trust Co. bought a new stake in shares of Verisk Analytics in the third quarter valued at approximately $164,000. Institutional investors own 92.91% of the company’s stock.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. BidaskClub cut Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $106.00 price target on shares of Verisk Analytics in a research note on Friday, December 22nd. Royal Bank of Canada reiterated a “hold” rating and issued a $90.00 price target on shares of Verisk Analytics in a research note on Sunday, December 10th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $108.00 price target on shares of Verisk Analytics in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $92.64.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share for the quarter, topping the 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 firm had revenue of $549.10 million during the quarter, compared to analysts’ expectations of $527.97 million. During the same period in the prior year, the company earned $0.84 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. equities analysts anticipate that Verisk Analytics, Inc. will post 3.17 EPS for the current fiscal year.
In other news, CAO David J. Grover sold 7,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $92.45, for a total transaction of $647,150.00. Following the completion of the transaction, the chief accounting officer now directly owns 13,028 shares in the company, valued at $1,204,438.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Lee Shavel purchased 388 shares of the stock in a transaction dated Wednesday, January 10th. The shares were bought at an average price of $96.61 per share, with a total value of $37,484.68. Following the completion of the acquisition, the chief financial officer now directly owns 22,729 shares of the company’s stock, valued at approximately $2,195,848.69. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 22,978 shares of company stock valued at $2,098,817 and have sold 327,172 shares valued at $28,591,387. 3.41% of the stock is owned by corporate insiders.
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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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