Oppenheimer & Co. Inc. Sells 2,748 Shares of Verisk Analytics, Inc. (VRSK)
Oppenheimer & Co. Inc. cut its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 36.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,695 shares of the business services provider’s stock after selling 2,748 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Verisk Analytics were worth $566,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in VRSK. TRUE Private Wealth Advisors bought a new position in shares of Verisk Analytics during the 3rd quarter valued at about $110,000. Fort L.P. purchased a new stake in Verisk Analytics during the 2nd quarter valued at about $121,000. NuWave Investment Management LLC boosted its holdings in Verisk Analytics by 458.2% during the 3rd quarter. NuWave Investment Management LLC now owns 1,189 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 976 shares during the period. Squar Milner Financial Services LLC purchased a new stake in Verisk Analytics during the 2nd quarter valued at about $146,000. Finally, Captrust Financial Advisors boosted its holdings in Verisk Analytics by 94.8% during the 2nd quarter. Captrust Financial Advisors now owns 1,541 shares of the business services provider’s stock valued at $166,000 after acquiring an additional 750 shares during the period. Hedge funds and other institutional investors own 92.38% of the company’s stock.
Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Morgan Stanley increased their target price on Verisk Analytics from $107.00 to $108.00 and gave the company a “hold” rating in a report on Wednesday, July 18th. BidaskClub cut Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 22nd. Keefe, Bruyette & Woods cut Verisk Analytics from an “outperform” rating to a “market perform” rating and set a $90.00 target price for the company. in a report on Thursday, August 2nd. Finally, SunTrust Banks restated a “hold” rating and set a $109.00 target price on shares of Verisk Analytics in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $110.38.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, October 30th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The firm had revenue of $598.70 million for the quarter, compared to the consensus estimate of $596.79 million. Verisk Analytics had a return on equity of 31.53% and a net margin of 27.94%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. As a group, research analysts expect that Verisk Analytics, Inc. will post 4.15 earnings per share for the current year.
In other Verisk Analytics news, Director Andrew G. Mills sold 3,000 shares of the stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $121.97, for a total transaction of $365,910.00. Following the sale, the director now directly owns 82,605 shares of the company’s stock, valued at approximately $10,075,331.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott G. Stephenson sold 18,098 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $116.52, for a total value of $2,108,778.96. Following the sale, the chief executive officer now directly owns 753,869 shares in the company, valued at $87,840,815.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 945 shares of company stock worth $112,226 and have sold 302,275 shares worth $35,696,533. 3.19% of the stock is currently owned by company insiders.
Verisk Analytics Profile
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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