Strs Ohio Decreases Stake in Verisk Analytics Inc. (VRSK)
Strs Ohio lowered its stake in shares of Verisk Analytics Inc. (NASDAQ:VRSK) by 4.1% during the second quarter, Holdings Channel reports. The institutional investor owned 777,191 shares of the company’s stock after selling 33,280 shares during the period. Strs Ohio’s holdings in Verisk Analytics were worth $63,014,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Checchi Capital Advisers LLC increased its position in shares of Verisk Analytics by 1.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,602 shares of the company’s stock valued at $130,000 after buying an additional 30 shares in the last quarter. Creative Planning increased its position in shares of Verisk Analytics by 27.9% in the second quarter. Creative Planning now owns 1,625 shares of the company’s stock worth $132,000 after buying an additional 354 shares in the last quarter. Boothbay Fund Management LLC bought a new position in shares of Verisk Analytics during the first quarter worth $207,000. Atria Investments LLC bought a new position in shares of Verisk Analytics during the second quarter worth $207,000. Finally, CIBC World Markets Inc. bought a new position in shares of Verisk Analytics during the second quarter worth $257,000. 90.79% of the stock is owned by hedge funds and other institutional investors.
Shares of Verisk Analytics Inc. (NASDAQ:VRSK) traded up 0.36% on Wednesday, reaching $80.86. 426,943 shares of the company were exchanged. Verisk Analytics Inc. has a 12 month low of $64.79 and a 12 month high of $86.00. The company’s 50-day moving average price is $82.02 and its 200 day moving average price is $80.13. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 23.20 and a beta of 0.50.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by $0.03. The firm had revenue of $498.30 million for the quarter, compared to analyst estimates of $504.44 million. Verisk Analytics had a return on equity of 39.49% and a net margin of 28.54%. The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 earnings per share. On average, equities research analysts expect that Verisk Analytics Inc. will post $3.01 EPS for the current year.
A number of equities analysts have weighed in on the stock. Cantor Fitzgerald set a $87.00 target price on shares of Verisk Analytics and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Verisk Analytics in a research note on Wednesday, June 29th. Finally, Macquarie assumed coverage on shares of Verisk Analytics in a research note on Thursday, August 25th. They issued a “neutral” rating and a $88.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $84.80.
In other news, SVP Vincent De P. Mccarthy sold 2,400 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $80.64, for a total value of $193,536.00. Following the sale, the senior vice president now directly owns 34,349 shares in the company, valued at approximately $2,769,903.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mark V. Anquillare sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $81.62, for a total transaction of $1,632,400.00. Following the completion of the sale, the chief operating officer now owns 74,090 shares in the company, valued at $6,047,225.80. The disclosure for this sale can be found here. Company insiders own 3.47% of the company’s stock.
About Verisk Analytics
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government and risk management. The Company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence and economic forecasting, among others.
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