State of Michigan Retirement System raised its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 10.4% during the second quarter, Holdings Channel reports. The firm owned 41,428 shares of the business services provider’s stock after buying an additional 3,912 shares during the quarter. State of Michigan Retirement System’s holdings in Verisk Analytics were worth $7,051,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. FDx Advisors Inc. lifted its position in shares of Verisk Analytics by 233.9% in the 1st quarter. FDx Advisors Inc. now owns 20,256 shares of the business services provider’s stock worth $35,000 after purchasing an additional 14,189 shares during the period. Truvestments Capital LLC purchased a new position in shares of Verisk Analytics during the 1st quarter worth approximately $42,000. Key Financial Inc bought a new position in shares of Verisk Analytics in the 1st quarter worth approximately $44,000. Citizens Financial Group Inc RI lifted its stake in shares of Verisk Analytics by 36.9% in the 1st quarter. Citizens Financial Group Inc RI now owns 319 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 86 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in shares of Verisk Analytics by 51.9% during the first quarter. Meeder Asset Management Inc. now owns 360 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds own 88.82% of the company’s stock.
Verisk Analytics stock opened at $188.71 on Friday. Verisk Analytics, Inc. has a one year low of $116.61 and a one year high of $188.75. The business’s fifty day moving average is $172.13 and its 200 day moving average is $160.45. The stock has a market capitalization of $30.62 billion, a PE ratio of 64.19, a price-to-earnings-growth ratio of 3.91 and a beta of 0.71. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, May 5th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.04. Verisk Analytics had a net margin of 18.23% and a return on equity of 34.93%. The firm had revenue of $689.80 million for the quarter, compared to the consensus estimate of $677.79 million. During the same quarter last year, the firm posted $1.03 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts expect that Verisk Analytics, Inc. will post 4.74 EPS for the current fiscal year.
In other Verisk Analytics news, CAO David J. Grover sold 4,500 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $170.90, for a total value of $769,050.00. Following the transaction, the chief accounting officer now directly owns 12,264 shares of the company’s stock, valued at $2,095,917.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Samuel G. Liss sold 16,851 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $163.34, for a total value of $2,752,442.34. Following the sale, the director now owns 54,889 shares of the company’s stock, valued at $8,965,569.26. The disclosure for this sale can be found here. Insiders own 2.55% of the company’s stock.
Several brokerages have commented on VRSK. Robert W. Baird raised their price objective on Verisk Analytics from $163.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Wells Fargo & Co lifted their price target on shares of Verisk Analytics from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Zacks Investment Research cut shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $169.00 price objective on the stock. in a report on Monday, April 20th. BMO Capital Markets lowered their target price on shares of Verisk Analytics from $165.00 to $156.00 and set a “market perform” rating for the company in a report on Thursday, May 7th. Finally, UBS Group upped their price target on Verisk Analytics from $138.00 to $148.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Verisk Analytics presently has an average rating of “Hold” and a consensus target price of $167.00.
Verisk Analytics Company Profile
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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