PNC Financial Services Group Inc. reduced its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,804 shares of the business services provider’s stock after selling 4,089 shares during the period. PNC Financial Services Group Inc.’s holdings in Verisk Analytics were worth $6,649,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its stake in Verisk Analytics by 40.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock worth $112,000 after acquiring an additional 380 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in Verisk Analytics by 45.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 1,330 shares of the business services provider’s stock worth $112,000 after acquiring an additional 418 shares in the last quarter. Huntington National Bank grew its stake in Verisk Analytics by 29.6% in the 2nd quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock worth $131,000 after acquiring an additional 354 shares in the last quarter. Paradigm Asset Management Co. LLC grew its stake in Verisk Analytics by 5.4% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,950 shares of the business services provider’s stock worth $165,000 after acquiring an additional 100 shares in the last quarter. Finally, Ledyard National Bank grew its stake in Verisk Analytics by 12.9% in the 2nd quarter. Ledyard National Bank now owns 2,355 shares of the business services provider’s stock worth $199,000 after acquiring an additional 270 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

A number of brokerages have commented on VRSK. UBS AG restated a “sell” rating and issued a $75.00 target price (up from $71.00) on shares of Verisk Analytics in a research note on Friday, July 14th. BMO Capital Markets restated a “hold” rating and issued a $83.00 target price on shares of Verisk Analytics in a research note on Friday, September 15th. SunTrust Banks, Inc. downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods set a $90.00 target price on shares of Verisk Analytics and gave the stock a “buy” rating in a research note on Monday, August 21st. Finally, Credit Suisse Group restated a “neutral” rating and issued a $85.00 target price (up from $80.00) on shares of Verisk Analytics in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $85.38.

Verisk Analytics, Inc. (VRSK) opened at 82.31 on Monday. The stock’s 50 day moving average is $81.49 and its 200-day moving average is $81.67. Verisk Analytics, Inc. has a 1-year low of $75.60 and a 1-year high of $88.17. The company has a market capitalization of $13.54 billion, a P/E ratio of 29.92 and a beta of 0.68.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The firm had revenue of $523.20 million for the quarter, compared to the consensus estimate of $519.67 million. During the same period in the prior year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts expect that Verisk Analytics, Inc. will post $3.14 earnings per share for the current fiscal year.

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In related news, Director Christopher M. Foskett sold 1,304 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $82.46, for a total transaction of $107,527.84. Following the sale, 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 legal filing with the SEC, which is available through this link. Also, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $82.50, for a total transaction of $247,500.00. Following the sale, the director now directly owns 105,525 shares in the company, valued at $8,705,812.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,304 shares of company stock worth $1,163,228. 3.41% of the stock is owned by insiders.

Verisk Analytics Company Profile

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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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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