Verisk Analytics, Inc. (VRSK) Position Cut by Private Advisor Group LLC
Private Advisor Group LLC lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 38,272 shares of the business services provider’s stock after selling 1,002 shares during the period. Private Advisor Group LLC’s holdings in Verisk Analytics were worth $3,712,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Dupont Capital Management Corp bought a new stake in Verisk Analytics during the 4th quarter valued at approximately $112,000. Fusion Family Wealth LLC bought a new stake in Verisk Analytics during the 4th quarter valued at approximately $116,000. Advisory Services Network LLC raised its stake in Verisk Analytics by 300.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,268 shares during the period. Perigon Wealth Management LLC raised its stake in Verisk Analytics by 61.2% during the 2nd quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 669 shares during the period. Finally, Bank of Nova Scotia Trust Co. bought a new stake in Verisk Analytics during the 3rd quarter valued at approximately $164,000. 92.91% of the stock is currently owned by institutional investors.
VRSK has been the topic of several recent analyst reports. Cantor Fitzgerald reissued a “buy” rating and set a $108.00 target price on shares of Verisk Analytics in a research note on Friday, December 8th. Goldman Sachs Group began coverage on Verisk Analytics in a report on Wednesday, November 8th. They set a “neutral” rating and a $89.00 price target for the company. Zacks Investment Research cut Verisk Analytics from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Keefe, Bruyette & Woods restated a “buy” rating and set a $106.00 price target on shares of Verisk Analytics in a report on Friday, December 22nd. Finally, Royal Bank of Canada restated a “hold” rating and set a $90.00 price target on shares of Verisk Analytics in a report on Sunday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $94.50.
In related news, CFO Lee Shavel bought 399 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of $94.05 per share, for a total transaction of $37,525.95. Following the acquisition, the chief financial officer now owns 23,128 shares in the company, valued at $2,175,188.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew G. Mills sold 3,000 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $92.72, for a total value of $278,160.00. The disclosure for this sale can be found here. In the last quarter, insiders bought 1,177 shares of company stock valued at $112,591 and sold 31,526 shares valued at $2,987,428. 3.41% of the stock is currently owned by insiders.
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Verisk Analytics 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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