Herndon Capital Management LLC reduced its stake in shares of Verisk Analytics Inc. (NASDAQ:VRSK) by 38.1% during the second quarter, Holdings Channel reports. The fund owned 9,414 shares of the company’s stock after selling 5,801 shares during the period. Herndon Capital Management LLC’s holdings in Verisk Analytics were worth $763,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. LMR Partners LLP raised its position in Verisk Analytics by 39.9% in the second quarter. LMR Partners LLP now owns 4,436 shares of the company’s stock worth $360,000 after buying an additional 1,265 shares in the last quarter. Montag & Caldwell LLC raised its position in Verisk Analytics by 0.6% in the second quarter. Montag & Caldwell LLC now owns 10,835 shares of the company’s stock worth $879,000 after buying an additional 60 shares in the last quarter. Tillar Wenstrup Advisors LLC raised its position in Verisk Analytics by 2.1% in the second quarter. Tillar Wenstrup Advisors LLC now owns 24,394 shares of the company’s stock worth $1,978,000 after buying an additional 496 shares in the last quarter. Comgest Global Investors S.A.S. raised its position in Verisk Analytics by 47.1% in the second quarter. Comgest Global Investors S.A.S. now owns 57,750 shares of the company’s stock worth $4,683,000 after buying an additional 18,500 shares in the last quarter. Finally, Intermede Investment Partners Ltd raised its position in Verisk Analytics by 2.0% in the second quarter. Intermede Investment Partners Ltd now owns 375,130 shares of the company’s stock worth $30,416,000 after buying an additional 7,535 shares in the last quarter. 90.79% of the stock is owned by hedge funds and other institutional investors.
Verisk Analytics Inc. (NASDAQ:VRSK) traded up 0.14% on Wednesday, hitting $80.45. The stock had a trading volume of 739,507 shares. The stock has a market cap of $13.59 billion, a price-to-earnings ratio of 23.08 and a beta of 0.54. Verisk Analytics Inc. has a one year low of $64.79 and a one year high of $86.00. The stock’s 50 day moving average is $81.25 and its 200 day moving average is $80.54.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly 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. Verisk Analytics had a return on equity of 39.49% and a net margin of 28.54%. The company had revenue of $498.30 million for the quarter, compared to analysts’ expectations of $504.44 million. During the same quarter last year, the company earned $0.77 EPS. Verisk Analytics’s revenue for the quarter was up 16.3% compared to the same quarter last year. Analysts anticipate that Verisk Analytics Inc. will post $3.00 earnings per share for the current year.
A number of equities analysts have issued reports on the stock. Macquarie assumed coverage on shares of Verisk Analytics in a research report on Thursday, August 25th. They set a “neutral” rating and a $88.00 price target for the company. Cantor Fitzgerald reissued a “buy” rating on shares of Verisk Analytics in a research report on Friday, August 19th. Zacks Investment Research raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Verisk Analytics in a research note on Wednesday, June 29th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Verisk Analytics has an average rating of “Hold” and an average target price of $84.80.
In related news, COO Mark V. Anquillare sold 20,000 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $81.20, for a total transaction of $1,624,000.00. Following the transaction, the chief operating officer now owns 74,090 shares of the company’s stock, valued at $6,016,108. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Vincent De P. Mccarthy sold 2,400 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $81.27, for a total value of $195,048.00. Following the transaction, the senior vice president now directly owns 34,349 shares in the company, valued at approximately $2,791,543.23. The disclosure for this sale can be found here. Corporate insiders own 3.47% of the company’s stock.
About Verisk Analytics
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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