Stephens Inc. AR Has $730,000 Stake in Verisk Analytics, Inc. (VRSK)
Stephens Inc. AR grew its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 16.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,657 shares of the business services provider’s stock after buying an additional 1,210 shares during the period. Stephens Inc. AR’s holdings in Verisk Analytics were worth $730,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of VRSK. BlackRock Inc. increased its position in shares of Verisk Analytics by 2,758.9% in the first quarter. BlackRock Inc. now owns 9,612,882 shares of the business services provider’s stock worth $779,989,000 after purchasing an additional 9,276,635 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Verisk Analytics by 96.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,199,787 shares of the business services provider’s stock valued at $340,771,000 after acquiring an additional 2,060,620 shares during the last quarter. Neuberger Berman Group LLC grew its position in Verisk Analytics by 70.8% during the second quarter. Neuberger Berman Group LLC now owns 2,872,109 shares of the business services provider’s stock valued at $242,320,000 after acquiring an additional 1,190,340 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in Verisk Analytics during the second quarter valued at approximately $53,513,000. Finally, Vanguard Group Inc. grew its position in Verisk Analytics by 2.6% during the first quarter. Vanguard Group Inc. now owns 14,618,893 shares of the business services provider’s stock valued at $1,186,178,000 after acquiring an additional 369,542 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.
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A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub raised Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Morgan Stanley reissued an “equal weight” rating and set a $82.00 price objective (down previously from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. Royal Bank Of Canada reissued a “hold” rating on shares of Verisk Analytics in a research note on Friday, August 4th. Finally, Keefe, Bruyette & Woods set a $90.00 price objective on Verisk Analytics and gave the company a “buy” rating in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. Verisk Analytics currently has an average rating of “Hold” and an average price target of $85.38.
Verisk Analytics, Inc. (VRSK) opened at 81.03 on Monday. Verisk Analytics, Inc. has a 12 month low of $75.60 and a 12 month high of $88.17. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 29.45 and a beta of 0.68. The firm’s 50-day moving average price is $81.81 and its 200 day moving average price is $81.73.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $523.20 million during the quarter, compared to analysts’ expectations of $519.67 million. Verisk Analytics had a return on equity of 38.43% and a net margin of 22.99%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. On average, analysts anticipate that Verisk Analytics, Inc. will post $3.14 earnings per share for the current year.
In related news, Director Christopher M. Foskett sold 1,304 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $82.46, for a total transaction of $107,527.84. Following the transaction, the director now directly owns 9,989 shares of the company’s stock, valued at approximately $823,692.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David B. Wright sold 10,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total value of $808,200.00. Following the completion of the transaction, the director now directly owns 13,951 shares in the company, valued at $1,127,519.82. The disclosure for this sale can be found here. Insiders have sold a total of 17,304 shares of company stock valued at $1,413,638 over the last 90 days. 3.41% of the stock is currently owned by company insiders.
About Verisk Analytics
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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