Verisk Analytics Inc. (VRSK) Shares Bought by Mizuho Asset Management Co. Ltd.
Mizuho Asset Management Co. Ltd. raised its position in Verisk Analytics Inc. (NASDAQ:VRSK) by 101.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,413 shares of the company’s stock after buying an additional 1,217 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Verisk Analytics were worth $196,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in VRSK. Norges Bank purchased a new position in shares of Verisk Analytics during the fourth quarter valued at approximately $103,083,000. Baillie Gifford & Co. purchased a new position in shares of Verisk Analytics during the second quarter valued at approximately $52,625,000. Douglas Lane & Associates LLC purchased a new position in shares of Verisk Analytics during the first quarter valued at approximately $47,459,000. William Blair Investment Management LLC raised its position in shares of Verisk Analytics by 23.5% in the second quarter. William Blair Investment Management LLC now owns 2,316,835 shares of the company’s stock valued at $187,849,000 after buying an additional 440,817 shares in the last quarter. Finally, Junto Capital Management LP purchased a new position in shares of Verisk Analytics during the first quarter valued at approximately $27,233,000. 90.79% of the stock is owned by institutional investors.
Verisk Analytics Inc. (NASDAQ:VRSK) traded up 0.36% during midday trading on Wednesday, reaching $80.86. The company had a trading volume of 32,616 shares. The company has a market capitalization of $13.66 billion, a P/E ratio of 23.20 and a beta of 0.50. The firm has a 50-day moving average of $82.10 and a 200 day moving average of $80.12. Verisk Analytics Inc. has a 1-year low of $64.79 and a 1-year high of $86.00.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by $0.03. The company had revenue of $498.30 million for the quarter, compared to analysts’ expectations of $504.44 million. Verisk Analytics had a return on equity of 39.49% and a net margin of 28.54%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. On average, equities research analysts forecast that Verisk Analytics Inc. will post $3.01 EPS for the current year.
Several brokerages have commented on VRSK. Zacks Investment Research raised Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Cantor Fitzgerald reissued a “buy” rating on shares of Verisk Analytics in a research report on Friday, August 19th. Macquarie began coverage on Verisk Analytics in a research report on Thursday, August 25th. They set a “neutral” rating and a $88.00 price objective for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of Verisk Analytics in a report on Wednesday, June 29th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Verisk Analytics presently has a consensus rating of “Buy” and a consensus price target of $84.80.
In related news, Director Frank J. Coyne sold 62,048 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $81.53, for a total transaction of $5,058,773.44. Following the completion of the sale, the director now directly owns 106,563 shares in the company, valued at approximately $8,688,081.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vincent De P. Mccarthy sold 2,400 shares of the company’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $80.64, for a total value of $193,536.00. Following the sale, the senior vice president now owns 34,349 shares of the company’s stock, valued at $2,769,903.36. The disclosure for this sale can be found here. Corporate insiders own 3.47% of the company’s stock.
Verisk Analytics Company Profile
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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