State of Michigan Retirement System increased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,428 shares of the business services provider’s stock after acquiring an additional 3,912 shares during the quarter. State of Michigan Retirement System’s holdings in Verisk Analytics were worth $7,051,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its holdings in Verisk Analytics by 2,693.4% in the first quarter. Public Employees Retirement Association of Colorado now owns 599,384 shares of the business services provider’s stock worth $83,542,000 after acquiring an additional 577,927 shares in the last quarter. Girard Partners LTD. grew its position in Verisk Analytics by 6,038.9% in the 1st quarter. Girard Partners LTD. now owns 364,955 shares of the business services provider’s stock valued at $1,257,000 after purchasing an additional 359,010 shares during the period. Ardevora Asset Management LLP increased its stake in Verisk Analytics by 51,831.2% during the 1st quarter. Ardevora Asset Management LLP now owns 311,587 shares of the business services provider’s stock valued at $43,429,000 after purchasing an additional 310,987 shares in the last quarter. BlackRock Inc. raised its holdings in Verisk Analytics by 2.3% during the first quarter. BlackRock Inc. now owns 12,867,304 shares of the business services provider’s stock worth $1,793,445,000 after buying an additional 293,700 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Verisk Analytics by 30.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,254,065 shares of the business services provider’s stock valued at $174,792,000 after buying an additional 292,987 shares in the last quarter. Institutional investors and hedge funds own 88.82% of the company’s stock.
NASDAQ VRSK opened at $188.71 on Friday. Verisk Analytics, Inc. has a 52-week low of $116.61 and a 52-week high of $188.75. The company has a 50-day simple moving average of $172.13 and a 200 day simple moving average of $160.45. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $30.62 billion, a PE ratio of 64.19, a price-to-earnings-growth ratio of 3.91 and a beta of 0.71.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, May 5th. The business services provider reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.04. The firm had revenue of $689.80 million during the quarter, compared to the consensus estimate of $677.79 million. Verisk Analytics had a net margin of 18.23% and a return on equity of 34.93%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. As a group, analysts forecast that Verisk Analytics, Inc. will post 4.74 EPS for the current fiscal year.
Several equities research analysts have recently commented on VRSK shares. Wells Fargo & Co boosted their target price on shares of Verisk Analytics from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Bank of America lowered their price objective on Verisk Analytics from $176.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Robert W. Baird lifted their target price on Verisk Analytics from $163.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Barclays decreased their price target on Verisk Analytics from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, BMO Capital Markets dropped their price objective on Verisk Analytics from $165.00 to $156.00 and set a “market perform” rating on the stock in a research note on Thursday, May 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Verisk Analytics has an average rating of “Hold” and an average target price of $167.00.
In other news, Director Samuel G. Liss sold 16,851 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $163.34, for a total transaction of $2,752,442.34. Following the completion of the transaction, the director now owns 54,889 shares in the company, valued at approximately $8,965,569.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David J. Grover sold 4,500 shares of Verisk Analytics stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $170.90, for a total value of $769,050.00. Following the completion of the sale, the chief accounting officer now directly owns 12,264 shares of the company’s stock, valued at approximately $2,095,917.60. The disclosure for this sale can be found here. 2.55% of the stock is currently owned by corporate insiders.
Verisk Analytics Profile
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.
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