Sumitomo Mitsui Trust Holdings Inc. lifted its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 892,033 shares of the business services provider’s stock after acquiring an additional 142,490 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.54% of Verisk Analytics worth $107,535,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Verisk Analytics by 3.6% in the 2nd quarter. BlackRock Inc. now owns 10,487,625 shares of the business services provider’s stock worth $1,128,890,000 after acquiring an additional 361,670 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Verisk Analytics by 17.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,747,411 shares of the business services provider’s stock worth $726,290,000 after buying an additional 987,698 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Verisk Analytics by 6.6% in the 2nd quarter. Janus Henderson Group PLC now owns 4,998,795 shares of the business services provider’s stock worth $538,070,000 after buying an additional 308,154 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of Verisk Analytics by 0.8% in the 2nd quarter. Mawer Investment Management Ltd. now owns 1,850,923 shares of the business services provider’s stock worth $199,211,000 after buying an additional 15,418 shares during the last quarter. Finally, Waddell & Reed Financial Inc. boosted its holdings in shares of Verisk Analytics by 729.7% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,836,705 shares of the business services provider’s stock worth $197,703,000 after buying an additional 1,615,337 shares during the last quarter. Hedge funds and other institutional investors own 93.02% of the company’s stock.

In other Verisk Analytics news, COO Mark V. Anquillare sold 53,125 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $121.08, for a total transaction of $6,432,375.00. Following the sale, the chief operating officer now directly owns 74,019 shares of the company’s stock, valued at $8,962,220.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Scott G. Stephenson sold 18,990 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $113.79, for a total transaction of $2,160,872.10. Following the sale, the chief executive officer now directly owns 808,220 shares in the company, valued at $91,967,353.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 284,177 shares of company stock worth $33,913,410. Insiders own 3.19% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Morgan Stanley boosted their price target on shares of Verisk Analytics from $107.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, July 18th. BidaskClub downgraded shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 22nd. Keefe, Bruyette & Woods downgraded shares of Verisk Analytics from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a report on Thursday, August 2nd. Finally, SunTrust Banks reissued a “hold” rating and issued a $109.00 price target on shares of Verisk Analytics in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $112.17.

NASDAQ VRSK opened at $121.09 on Thursday. The stock has a market cap of $20.12 billion, a price-to-earnings ratio of 37.72, a price-to-earnings-growth ratio of 2.53 and a beta of 0.58. Verisk Analytics, Inc. has a 52 week low of $90.39 and a 52 week high of $124.01. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, October 30th. The business services provider reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business had revenue of $598.70 million for the quarter, compared to the consensus estimate of $596.79 million. Verisk Analytics had a net margin of 27.94% and a return on equity of 31.53%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. On average, analysts anticipate that Verisk Analytics, Inc. will post 4.15 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2018/11/15/verisk-analytics-inc-vrsk-stake-increased-by-sumitomo-mitsui-trust-holdings-inc.html.

About Verisk Analytics

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.

Further Reading: Understanding the different types of bonds

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

Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.