Pioneer Investment Management Inc. boosted its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 15.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,509 shares of the business services provider’s stock after buying an additional 19,558 shares during the period. Pioneer Investment Management Inc. owned 0.09% of Verisk Analytics worth $12,530,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in VRSK. Candriam Luxembourg S.C.A. increased its stake in shares of Verisk Analytics by 14.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 9,023 shares of the business services provider’s stock worth $732,000 after buying an additional 1,118 shares in the last quarter. Sandia Holdings LLC increased its stake in shares of Verisk Analytics by 12.7% in the first quarter. Sandia Holdings LLC now owns 167,073 shares of the business services provider’s stock worth $13,556,000 after buying an additional 18,773 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Verisk Analytics by 0.6% in the first quarter. Prudential Financial Inc. now owns 216,456 shares of the business services provider’s stock worth $17,563,000 after buying an additional 1,370 shares in the last quarter. Morgan Stanley increased its stake in shares of Verisk Analytics by 3.7% in the first quarter. Morgan Stanley now owns 3,787,126 shares of the business services provider’s stock worth $307,286,000 after buying an additional 136,729 shares in the last quarter. Finally, Bares Capital Management Inc. increased its stake in shares of Verisk Analytics by 16.2% in the first quarter. Bares Capital Management Inc. now owns 1,221,990 shares of the business services provider’s stock worth $99,152,000 after buying an additional 169,923 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.
Verisk Analytics, Inc. (VRSK) opened at 80.62 on Friday. The company has a market cap of $13.27 billion, a P/E ratio of 29.31 and a beta of 0.66. Verisk Analytics, Inc. has a 52-week low of $75.60 and a 52-week high of $88.17. The company’s 50 day moving average price is $84.37 and its 200 day moving average price is $82.13.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. The business had revenue of $523.20 million for the quarter, compared to the consensus estimate of $519.67 million. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 earnings per share. Equities research analysts anticipate that Verisk Analytics, Inc. will post $3.14 EPS for the current fiscal year.
A number of analysts have commented on VRSK shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $92.00 price objective on shares of Verisk Analytics in a research report on Tuesday, May 2nd. Credit Suisse Group reiterated a “neutral” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Verisk Analytics in a research report on Thursday, August 3rd. BMO Capital Markets raised their price objective on Verisk Analytics from $81.00 to $83.00 and gave the stock a “market perform” rating in a research report on Friday, July 14th. Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, J P Morgan Chase & Co downgraded Verisk Analytics from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $87.00 to $75.00 in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $85.00.
In related news, Director Andrew G. Mills sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $83.47, for a total transaction of $250,410.00. Following the sale, the director now owns 107,666 shares of the company’s stock, valued at $8,986,881.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher M. Foskett sold 1,304 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total value of $107,527.84. Following the sale, the director now directly owns 9,989 shares in the company, valued at approximately $823,692.94. The disclosure for this sale can be found here. Insiders have sold 27,551 shares of company stock worth $2,211,942 in the last three months. 3.41% of the stock is currently owned by company insiders.
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.
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