Harel Insurance Investments & Financial Services Ltd. lifted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 133.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,400 shares of the business services provider’s stock after buying an additional 800 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Verisk Analytics were worth $221,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ensemble Capital Management LLC boosted its position in shares of Verisk Analytics by 19.8% in the second quarter. Ensemble Capital Management LLC now owns 35,650 shares of the business services provider’s stock worth $5,221,000 after buying an additional 5,880 shares during the period. BTIM Corp. boosted its position in shares of Verisk Analytics by 0.5% in the second quarter. BTIM Corp. now owns 35,899 shares of the business services provider’s stock worth $5,257,000 after buying an additional 169 shares during the period. AXA boosted its holdings in Verisk Analytics by 16.2% in the second quarter. AXA now owns 382,611 shares of the business services provider’s stock valued at $56,036,000 after purchasing an additional 53,460 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in Verisk Analytics in the second quarter valued at about $2,540,000. Finally, Progressive Investment Management Corp boosted its holdings in Verisk Analytics by 1.0% in the second quarter. Progressive Investment Management Corp now owns 36,458 shares of the business services provider’s stock valued at $5,340,000 after purchasing an additional 378 shares during the last quarter. 90.54% of the stock is owned by institutional investors.
NASDAQ:VRSK traded up $0.61 during trading hours on Thursday, reaching $140.39. 10,342 shares of the stock were exchanged, compared to its average volume of 1,030,443. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.40. The firm has a 50 day simple moving average of $150.97 and a 200-day simple moving average of $149.99. Verisk Analytics, Inc. has a 52 week low of $102.74 and a 52 week high of $164.97. The stock has a market capitalization of $22.51 billion, a P/E ratio of 34.11, a P/E/G ratio of 2.99 and a beta of 0.68.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, October 29th. The business services provider reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). Verisk Analytics had a return on equity of 33.57% and a net margin of 18.23%. The firm had revenue of $652.70 million for the quarter, compared to the consensus estimate of $650.34 million. During the same period in the prior year, the business earned $1.08 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, analysts expect that Verisk Analytics, Inc. will post 4.38 earnings per share for the current year.
VRSK has been the subject of a number of analyst reports. BidaskClub downgraded Verisk Analytics from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 5th. UBS Group increased their price target on Verisk Analytics from $131.00 to $132.00 and gave the company a “sell” rating in a report on Monday, November 4th. ValuEngine downgraded Verisk Analytics from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods initiated coverage on Verisk Analytics in a report on Monday, September 23rd. They issued a “market perform” rating and a $166.00 price target for the company. Finally, Morgan Stanley reduced their price target on Verisk Analytics from $164.00 to $162.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Verisk Analytics presently has a consensus rating of “Hold” and a consensus target price of $148.20.
In other Verisk Analytics news, insider Vincent De P. Mccarthy sold 3,591 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $157.85, for a total transaction of $566,839.35. Following the transaction, the insider now owns 36,033 shares of the company’s stock, valued at approximately $5,687,809.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Vincent De P. Mccarthy sold 46,229 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $156.87, for a total value of $7,251,943.23. Following the transaction, the insider now directly owns 53,922 shares in the company, valued at approximately $8,458,744.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,661 shares of company stock worth $12,025,536. 2.71% of the stock is currently owned by company insiders.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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