Verisk Analytics, Inc. $VRSK Position Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 268,955 shares of the business services provider’s stock after selling 14,547 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Verisk Analytics were worth $45,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB boosted its position in shares of Verisk Analytics by 14.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 497 shares of the business services provider’s stock worth $89,000 after buying an additional 61 shares during the period. Versant Capital Management Inc boosted its position in Verisk Analytics by 47.8% in the 3rd quarter. Versant Capital Management Inc now owns 204 shares of the business services provider’s stock valued at $34,000 after buying an additional 66 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Verisk Analytics by 1.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,647 shares of the business services provider’s stock worth $1,220,000 after acquiring an additional 78 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Verisk Analytics by 6.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,239 shares of the business services provider’s stock worth $235,000 after purchasing an additional 79 shares during the period. Finally, Glenview Trust Co boosted its stake in shares of Verisk Analytics by 2.5% in the 1st quarter. Glenview Trust Co now owns 3,365 shares of the business services provider’s stock valued at $639,000 after buying an additional 82 shares during the period. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Verisk Analytics Trading Up 0.4%

NASDAQ:VRSK opened at $197.85 on Thursday. Verisk Analytics, Inc. has a 12-month low of $155.94 and a 12-month high of $227.16. The company’s 50-day moving average is $182.18 and its two-hundred day moving average is $186.45. The firm has a market cap of $25.75 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 2.22 and a beta of 0.65.

Analyst Ratings Changes

VRSK has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on Verisk Analytics from $248.00 to $217.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. UBS Group increased their price target on shares of Verisk Analytics from $220.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Morgan Stanley lowered their price objective on shares of Verisk Analytics from $235.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. Robert W. Baird set a $247.00 target price on shares of Verisk Analytics in a report on Thursday, July 30th. Finally, Evercore set a $223.00 price target on Verisk Analytics in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $224.79.

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 400 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $184.85, for a total transaction of $73,940.00. Following the completion of the sale, the chief financial officer owned 17,584 shares of the company’s stock, valued at approximately $3,250,402.40. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lee Shavel sold 3,535 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $193.43, for a total value of $683,775.05. Following the completion of the transaction, the chief executive officer directly owned 98,490 shares in the company, valued at $19,050,920.70. This trade represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 11,805 shares of company stock worth $2,195,489. Company insiders own 0.52% of the company’s stock.

About Verisk Analytics

Verisk Analytics, Inc (NASDAQ: VRSK), doing business as Verisk, is a global data analytics and technology company serving the insurance industry and other risk-focused markets. Its platforms help organizations use data, statistical models and workflow tools to evaluate risk, make decisions and improve operational efficiency.

Verisk’s insurance offerings support underwriting, pricing, claims management, fraud detection, catastrophe modeling and regulatory compliance. Its products include industry data, predictive analytics, property and casualty risk solutions, claims-estimating tools and information used by insurers to assess property, vehicles, businesses and other exposures.