Essex Investment Management Co. LLC Has $507,000 Stake in Verisk Analytics Inc. (VRSK)
Essex Investment Management Co. LLC cut its position in Verisk Analytics Inc. (NASDAQ:VRSK) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,258 shares of the company’s stock after selling 82 shares during the period. Essex Investment Management Co. LLC’s holdings in Verisk Analytics were worth $507,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Checchi Capital Advisers LLC boosted its position in Verisk Analytics by 1.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,602 shares of the company’s stock worth $130,000 after buying an additional 30 shares in the last quarter. Creative Planning boosted its position in 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 Verisk Analytics during the first quarter worth about $207,000. Atria Investments LLC bought a new position in Verisk Analytics during the second quarter worth about $207,000. Finally, CIBC World Markets Inc. bought a new position in Verisk Analytics during the second quarter worth about $257,000. 90.79% of the stock is owned by institutional investors and hedge funds.
Verisk Analytics Inc. (NASDAQ:VRSK) traded down 0.68% on Thursday, reaching $79.75. 729,679 shares of the company’s stock were exchanged. Verisk Analytics Inc. has a 1-year low of $64.79 and a 1-year high of $86.00. The firm has a 50-day moving average price of $81.89 and a 200-day moving average price of $80.45. The company has a market capitalization of $13.48 billion, a P/E ratio of 22.88 and a beta of 0.54.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results 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 company earned $498.30 million during the quarter, compared to the consensus estimate of $504.44 million. Verisk Analytics had a return on equity of 39.49% and a net margin of 28.54%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. Equities research analysts expect that Verisk Analytics Inc. will post $3.00 earnings per share for the current year.
A number of research firms have issued reports on VRSK. Cantor Fitzgerald set a $87.00 price target on shares of Verisk Analytics and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Macquarie initiated coverage on shares of Verisk Analytics in a report on Thursday, August 25th. They set a “neutral” rating and a $88.00 target price for the company. Zacks Investment Research raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a report on Saturday, August 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Verisk Analytics in a report on Wednesday, June 29th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $84.80.
In other Verisk Analytics news, SVP Vincent De P. Mccarthy sold 2,400 shares of Verisk Analytics stock in a transaction on Friday, August 5th. The shares were sold at an average price of $81.27, for a total value of $195,048.00. Following the completion of the transaction, the senior vice president now owns 34,349 shares of the company’s stock, valued at $2,791,543.23. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frank J. Coyne sold 62,048 shares of Verisk Analytics 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 transaction, the director now directly owns 106,563 shares of the company’s stock, valued at approximately $8,688,081.39. The disclosure for this sale can be found here. 3.47% of the stock is currently owned by corporate insiders.
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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