Prudential Financial Inc. raised its position in shares of Verisk Analytics Inc. (NASDAQ:VRSK) by 13.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,274 shares of the company’s stock after buying an additional 25,200 shares during the period. Prudential Financial Inc. owned about 0.13% of Verisk Analytics worth $17,292,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Checchi Capital Advisers LLC increased its stake in Verisk Analytics by 1.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,602 shares of the company’s stock worth $130,000 after buying an additional 30 shares in the last quarter. Creative Planning increased its stake in Verisk Analytics by 27.9% in the second quarter. Creative Planning now owns 1,625 shares of the company’s stock worth $132,000 after buying an additional 354 shares in the last quarter. Global X Management Co. LLC increased its stake in Verisk Analytics by 103.2% in the second quarter. Global X Management Co. LLC now owns 2,034 shares of the company’s stock worth $165,000 after buying an additional 1,033 shares in the last quarter. Atria Investments LLC bought a new stake in Verisk Analytics during the second quarter worth approximately $207,000. Finally, Boothbay Fund Management LLC bought a new stake in Verisk Analytics during the first quarter worth approximately $207,000. Institutional investors own 90.79% of the company’s stock.
Verisk Analytics Inc. (NASDAQ:VRSK) traded down 0.18% during trading on Thursday, hitting $81.72. 157,691 shares of the stock were exchanged. Verisk Analytics Inc. has a 12-month low of $64.79 and a 12-month high of $86.00. The firm has a market cap of $13.81 billion, a PE ratio of 23.44 and a beta of 0.50. The stock’s 50-day moving average price is $82.04 and its 200-day moving average price is $80.32.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, August 2nd. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.03. The company had revenue of $498.30 million for the quarter, compared to analyst estimates of $504.44 million. Verisk Analytics had a net margin of 28.54% and a return on equity of 39.49%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 EPS. On average, equities analysts expect that Verisk Analytics Inc. will post $3.01 EPS for the current year.
A number of analysts recently commented on VRSK shares. Morgan Stanley reissued an “overweight” rating on shares of Verisk Analytics in a report on Wednesday, June 29th. Zacks Investment Research raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Cantor Fitzgerald set a $87.00 price objective on shares of Verisk Analytics and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Macquarie started coverage on shares of Verisk Analytics in a report on Thursday, August 25th. They set a “neutral” rating and a $88.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $84.80.
In other news, SVP Vincent De P. Mccarthy sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $80.64, for a total transaction of $193,536.00. Following the completion of the transaction, the senior vice president now owns 34,349 shares in the company, valued at approximately $2,769,903.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Mark V. Anquillare sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $84.60, for a total transaction of $1,692,000.00. Following the transaction, the chief operating officer now owns 74,090 shares of the company’s stock, valued at approximately $6,268,014. The disclosure for this sale can be found here. Company insiders own 3.47% of the company’s stock.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government and risk management. The Company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence and economic forecasting, among others.
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