RiverPark Advisors LLC reduced its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 17.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 290,000 shares of the business services provider’s stock after selling 63,000 shares during the period. Verisk Analytics accounts for approximately 3.2% of RiverPark Advisors LLC’s investment portfolio, making the stock its 16th biggest position. RiverPark Advisors LLC owned approximately 0.18% of Verisk Analytics worth $24,125,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of 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 worth $1,295,340,000 after acquiring an additional 734,200 shares in the last quarter. Harding Loevner LP raised its position in shares of 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 worth $243,146,000 after acquiring an additional 2,855,204 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of 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 worth $464,275,000 after acquiring an additional 5,156,187 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of 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 worth $336,233,000 after acquiring an additional 47,683 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Verisk Analytics by 3.5% in the 2nd quarter. Alliancebernstein L.P. now owns 3,124,769 shares of the business services provider’s stock worth $263,637,000 after acquiring an additional 106,402 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on VRSK shares. Cantor Fitzgerald reissued a “buy” rating and issued a $92.00 price objective on shares of Verisk Analytics in a research report on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating on shares of Verisk Analytics in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods set a $90.00 price objective on Verisk Analytics and gave the stock a “buy” rating in a research report on Monday, August 21st. Morgan Stanley boosted their target price on Verisk Analytics from $83.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $85.00 target price on shares of Verisk Analytics in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $89.07.
Shares of Verisk Analytics, Inc. (VRSK) opened at $95.87 on Thursday. Verisk Analytics, Inc. has a 12-month low of $75.60 and a 12-month high of $98.60. The company has a market capitalization of $15,800.54, a PE ratio of 29.98, a P/E/G ratio of 3.41 and a beta of 0.80. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.45 and a quick ratio of 0.45.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $527.97 million. During the same period in the previous year, the company posted $0.84 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. equities analysts anticipate that Verisk Analytics, Inc. will post 3.17 earnings per share for the current fiscal year.
In other Verisk Analytics news, Director Andrew G. Mills sold 3,000 shares of Verisk Analytics stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $92.72, for a total transaction of $278,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher M. Foskett sold 5,500 shares of Verisk Analytics stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $91.02, for a total value of $500,610.00. Following the transaction, the director now owns 15,489 shares of the company’s stock, valued at approximately $1,409,808.78. The disclosure for this sale can be found here. Insiders have sold a total of 311,146 shares of company stock valued at $26,913,044 in the last quarter. Company 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.
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