Verisk Analytics, Inc. (VRSK) Position Boosted by Crestline Management LP
Crestline Management LP increased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 84.1% during the 4th quarter, HoldingsChannel reports. The fund owned 88,806 shares of the business services provider’s stock after acquiring an additional 40,562 shares during the period. Verisk Analytics accounts for about 0.9% of Crestline Management LP’s holdings, making the stock its 7th largest position. Crestline Management LP’s holdings in Verisk Analytics were worth $8,525,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of VRSK. Dupont Capital Management Corp purchased a new stake in Verisk Analytics during the 4th quarter worth about $112,000. Fusion Family Wealth LLC purchased a new stake in Verisk Analytics during the 4th quarter worth about $116,000. Virtue Capital Management LLC purchased a new stake in Verisk Analytics during the 4th quarter worth about $121,000. Calton & Associates Inc. purchased a new stake in Verisk Analytics during the 4th quarter worth about $183,000. Finally, Bank of Nova Scotia Trust Co. purchased a new stake in Verisk Analytics during the 3rd quarter worth about $164,000. 92.46% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director David B. Wright sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $104.99, for a total transaction of $1,049,900.00. Following the transaction, the director now owns 18,951 shares in the company, valued at approximately $1,989,665.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Lee Shavel purchased 354 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were purchased at an average price of $105.10 per share, for a total transaction of $37,205.40. Following the purchase, the chief financial officer now directly owns 23,482 shares in the company, valued at $2,467,958.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,531 shares of company stock worth $149,796 and have sold 107,220 shares worth $10,762,450. Company insiders own 3.41% of the company’s stock.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, February 20th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.56. The firm had revenue of $570.30 million for the quarter, compared to the consensus estimate of $557.09 million. Verisk Analytics had a return on equity of 33.58% and a net margin of 25.88%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. equities research analysts predict that Verisk Analytics, Inc. will post 3.97 EPS for the current fiscal year.
A number of research analysts have recently commented on VRSK shares. Zacks Investment Research upgraded Verisk Analytics from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a report on Monday, February 26th. BidaskClub downgraded Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Credit Suisse Group reiterated a “neutral” rating and issued a $106.00 price objective (up previously from $96.00) on shares of Verisk Analytics in a report on Thursday, February 22nd. BMO Capital Markets reiterated a “market perform” rating and issued a $102.00 price objective (up previously from $100.00) on shares of Verisk Analytics in a report on Thursday, February 22nd. Finally, SunTrust Banks increased their price objective on Verisk Analytics to $105.00 and gave the company a “hold” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $103.07.
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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