Verisk Analytics, Inc. (VRSK) Shares Sold by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB cut its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 11.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,038 shares of the business services provider’s stock after selling 2,682 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Verisk Analytics were worth $2,416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of VRSK. LPL Financial LLC boosted its stake in Verisk Analytics by 27.4% during the first quarter. LPL Financial LLC now owns 10,364 shares of the business services provider’s stock worth $1,078,000 after acquiring an additional 2,230 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Verisk Analytics by 6.9% during the first quarter. Allianz Asset Management GmbH now owns 529,387 shares of the business services provider’s stock worth $55,056,000 after buying an additional 33,988 shares during the last quarter. Gulf International Bank UK Ltd raised its holdings in Verisk Analytics by 7.6% during the second quarter. Gulf International Bank UK Ltd now owns 51,407 shares of the business services provider’s stock worth $5,533,000 after buying an additional 3,650 shares during the last quarter. DnB Asset Management AS raised its holdings in Verisk Analytics by 3.5% during the second quarter. DnB Asset Management AS now owns 20,951 shares of the business services provider’s stock worth $2,255,000 after buying an additional 700 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its holdings in Verisk Analytics by 47.6% during the second quarter. IFM Investors Pty Ltd now owns 7,123 shares of the business services provider’s stock worth $767,000 after buying an additional 2,298 shares during the last quarter. 92.55% of the stock is currently owned by institutional investors and hedge funds.

VRSK has been the topic of several research reports. BidaskClub upgraded shares of Verisk Analytics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. Keefe, Bruyette & Woods downgraded shares of Verisk Analytics from an “outperform” rating to a “market perform” rating and set a $90.00 price objective on the stock. in a report on Thursday, August 2nd. Morgan Stanley upped their price objective on shares of Verisk Analytics from $108.00 to $113.00 and gave the stock a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Finally, Bank of America initiated coverage on shares of Verisk Analytics in a report on Tuesday, October 23rd. They set a “neutral” rating and a $125.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $107.93.

Shares of VRSK stock opened at $119.84 on Thursday. The stock has a market capitalization of $19.26 billion, a PE ratio of 37.33, a PEG ratio of 2.37 and a beta of 0.65. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.43 and a quick ratio of 0.43. Verisk Analytics, Inc. has a one year low of $84.66 and a one year high of $122.80.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, October 30th. The business services provider reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The company had revenue of $598.70 million during the quarter, compared to the consensus estimate of $596.79 million. Verisk Analytics had a net margin of 27.94% and a return on equity of 31.84%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. On average, equities research analysts anticipate that Verisk Analytics, Inc. will post 4.16 earnings per share for the current fiscal year.

In other news, CFO Lee Shavel bought 321 shares of the stock in a transaction dated Friday, August 10th. The stock was bought at an average price of $117.09 per share, for a total transaction of $37,585.89. Following the completion of the acquisition, the chief financial officer now directly owns 28,798 shares in the company, valued at approximately $3,371,957.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott G. Stephenson sold 61,450 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $115.45, for a total transaction of $7,094,402.50. Following the completion of the sale, the chief executive officer now owns 702,755 shares of the company’s stock, valued at approximately $81,133,064.75. The disclosure for this sale can be found here. In the last quarter, insiders bought 945 shares of company stock valued at $112,226 and sold 339,558 shares valued at $39,942,082. Corporate insiders own 3.19% of the company’s stock.

About Verisk Analytics

Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.

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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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