Prudential Financial Inc. boosted its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,086 shares of the business services provider’s stock after purchasing an additional 930 shares during the period. Prudential Financial Inc. owned approximately 0.13% of Verisk Analytics worth $17,893,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of VRSK. Parkside Financial Bank & Trust lifted its stake in Verisk Analytics by 40.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,324 shares of the business services provider’s stock worth $112,000 after purchasing an additional 380 shares during the last quarter. Huntington National Bank lifted its stake in Verisk Analytics by 29.6% in the second quarter. Huntington National Bank now owns 1,548 shares of the business services provider’s stock worth $131,000 after purchasing an additional 354 shares during the last quarter. Advisory Services Network LLC lifted its stake in Verisk Analytics by 300.5% in the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock worth $143,000 after purchasing an additional 1,268 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in Verisk Analytics by 61.2% in the second quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock worth $149,000 after purchasing an additional 669 shares during the last quarter. Finally, BB&T Investment Services Inc. bought a new stake in Verisk Analytics in the second quarter worth $153,000. 93.65% of the stock is owned by institutional investors and hedge funds.
VRSK has been the subject of several recent research reports. Keefe, Bruyette & Woods set a $90.00 price target on shares of Verisk Analytics and gave the stock a “buy” rating in a research note on Monday, August 21st. Cantor Fitzgerald reissued a “buy” rating and issued a $92.00 price target on shares of Verisk Analytics in a research note on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating on shares of Verisk Analytics in a research note on Wednesday, November 1st. Morgan Stanley upped their price objective on shares of Verisk Analytics from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $78.00 price objective on shares of Verisk Analytics in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. Verisk Analytics has a consensus rating of “Hold” and an average price target of $88.29.
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Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The company had revenue of $549.10 million during the quarter, compared to the consensus estimate of $527.97 million. During the same period in the prior year, the firm earned $0.84 earnings per share. Verisk Analytics’s revenue was up 10.2% on a year-over-year basis. analysts anticipate that Verisk Analytics, Inc. will post 3.17 EPS for the current year.
In related news, Director Christopher M. Foskett sold 5,500 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $91.02, for a total value of $500,610.00. Following the completion of the transaction, the director now directly owns 15,489 shares of the company’s stock, valued at $1,409,808.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO David J. Grover sold 7,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $92.45, for a total transaction of $647,150.00. Following the completion of the transaction, the chief accounting officer now directly owns 13,028 shares of the company’s stock, valued at $1,204,438.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 318,146 shares of company stock valued at $27,443,084. 3.41% of the stock is owned by insiders.
About Verisk Analytics
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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