Hartford Investment Management Co. grew its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,231 shares of the business services provider’s stock after buying an additional 761 shares during the period. Hartford Investment Management Co.’s holdings in Verisk Analytics were worth $2,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norinchukin Bank The increased its stake in Verisk Analytics by 5.1% in the 3rd quarter. Norinchukin Bank The now owns 186,696 shares of the business services provider’s stock worth $22,506,000 after acquiring an additional 9,073 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Verisk Analytics by 43.8% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 29,417 shares of the business services provider’s stock valued at $3,546,000 after purchasing an additional 8,954 shares during the last quarter. MML Investors Services LLC increased its position in shares of Verisk Analytics by 70.1% during the 3rd quarter. MML Investors Services LLC now owns 5,238 shares of the business services provider’s stock valued at $631,000 after purchasing an additional 2,159 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Verisk Analytics by 0.7% during the 3rd quarter. Prudential Financial Inc. now owns 171,472 shares of the business services provider’s stock valued at $20,671,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Verisk Analytics by 3.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 36,698 shares of the business services provider’s stock valued at $4,424,000 after purchasing an additional 1,169 shares during the last quarter. 94.09% of the stock is currently owned by hedge funds and other institutional investors.

Verisk Analytics stock opened at $120.27 on Wednesday. The firm has a market capitalization of $20.38 billion, a price-to-earnings ratio of 37.47, a price-to-earnings-growth ratio of 2.56 and a beta of 0.58. Verisk Analytics, Inc. has a 12 month low of $90.60 and a 12 month high of $124.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.49 and a quick ratio of 0.49.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, October 30th. The business services provider reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Verisk Analytics had a return on equity of 31.53% and a net margin of 27.94%. The company had revenue of $598.70 million during the quarter, compared to analyst estimates of $596.79 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. Verisk Analytics’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts forecast that Verisk Analytics, Inc. will post 4.15 earnings per share for the current year.

In other news, CFO Lee Shavel acquired 312 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was bought at an average price of $119.82 per share, with a total value of $37,383.84. Following the completion of the acquisition, the chief financial officer now directly owns 29,110 shares of the company’s stock, valued at approximately $3,487,960.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott G. Stephenson sold 18,063 shares of Verisk Analytics stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $119.26, for a total value of $2,154,193.38. The disclosure for this sale can be found here. Insiders sold 302,981 shares of company stock valued at $36,208,141 in the last ninety days. 3.19% of the stock is currently owned by corporate insiders.

Several equities research analysts recently weighed in on the company. SunTrust Banks increased their target price on Verisk Analytics to $120.00 in a report on Thursday, November 1st. BidaskClub cut Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Morgan Stanley restated a “hold” rating and issued a $119.00 target price (up previously from $113.00) on shares of Verisk Analytics in a research note on Thursday, September 13th. Zacks Investment Research restated a “hold” rating on shares of Verisk Analytics in a research note on Saturday. Finally, 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 research note on Thursday, August 2nd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $112.17.

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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.

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

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