Verisk Analytics, Inc. $VRSK Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance trimmed its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 63.6% in the third quarter, Holdings Channel.com reports. The fund owned 4,597 shares of the business services provider’s stock after selling 8,022 shares during the period. Independent Advisor Alliance’s holdings in Verisk Analytics were worth $1,156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Verisk Analytics by 1.0% during the second quarter. Vanguard Group Inc. now owns 16,894,802 shares of the business services provider’s stock valued at $5,262,731,000 after purchasing an additional 161,213 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Verisk Analytics by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,011,295 shares of the business services provider’s stock worth $1,249,900,000 after buying an additional 33,213 shares during the last quarter. Norges Bank acquired a new position in shares of Verisk Analytics in the 2nd quarter valued at about $556,192,000. Parnassus Investments LLC grew its position in shares of Verisk Analytics by 31.8% during the 3rd quarter. Parnassus Investments LLC now owns 1,492,715 shares of the business services provider’s stock valued at $375,433,000 after buying an additional 360,419 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Verisk Analytics by 4.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,333,337 shares of the business services provider’s stock valued at $415,334,000 after buying an additional 58,772 shares during the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Elizabeth Mann sold 300 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $219.54, for a total transaction of $65,862.00. Following the transaction, the chief financial officer directly owned 14,265 shares of the company’s stock, valued at approximately $3,131,738.10. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lee Shavel sold 1,100 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.99, for a total transaction of $238,689.00. Following the completion of the sale, the chief executive officer directly owned 77,807 shares of the company’s stock, valued at $16,883,340.93. The trade was a 1.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,700 shares of company stock worth $369,648 over the last three months. Corporate insiders own 0.46% of the company’s stock.

Verisk Analytics Stock Down 10.1%

VRSK opened at $192.49 on Wednesday. The stock’s 50 day moving average price is $219.78 and its 200 day moving average price is $239.63. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $26.83 billion, a P/E ratio of 29.34, a P/E/G ratio of 3.04 and a beta of 0.79. Verisk Analytics, Inc. has a 12 month low of $191.12 and a 12 month high of $322.92.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Evercore ISI cut their target price on shares of Verisk Analytics from $262.00 to $250.00 and set an “in-line” rating on the stock in a report on Thursday, October 30th. Argus downgraded Verisk Analytics from a “buy” rating to a “hold” rating in a report on Friday, November 14th. Wall Street Zen upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Royal Bank Of Canada dropped their target price on Verisk Analytics from $314.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Verisk Analytics in a report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $278.64.

Verisk Analytics Company Profile

Verisk Analytics, Inc (NASDAQ: VRSK) is a data analytics and decision‑support provider that helps organizations assess and manage risk. The company supplies data, predictive models and software to customers in insurance, reinsurance, financial services, government, energy and other commercial markets. Its offerings are designed to support underwriting, pricing, claims management, catastrophe modeling, fraud detection and regulatory compliance, enabling clients to make more informed operational and strategic decisions.

Verisk’s product portfolio combines large proprietary datasets with analytics platforms and industry‑specific applications.