Allianz Asset Management GmbH increased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 42.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 420,450 shares of the business services provider’s stock after purchasing an additional 124,986 shares during the period. Allianz Asset Management GmbH owned 0.26% of Verisk Analytics worth $34,977,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC grew its stake in Verisk Analytics by 300.5% during the second quarter. Advisory Services Network LLC now owns 1,690 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 1,268 shares in the last quarter. Perigon Wealth Management LLC grew its stake in Verisk Analytics by 61.2% during the second quarter. Perigon Wealth Management LLC now owns 1,763 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 669 shares in the last quarter. BB&T Investment Services Inc. purchased a new position in Verisk Analytics during the second quarter valued at $153,000. Capstone Investment Advisors Netherlands B.V. purchased a new position in Verisk Analytics during the second quarter valued at $161,000. Finally, Paradigm Asset Management Co. LLC grew its stake in Verisk Analytics by 5.4% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,950 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.
Several research firms recently weighed in on VRSK. Cantor Fitzgerald reaffirmed a “buy” rating and set a $108.00 target price on shares of Verisk Analytics in a research note on Friday. Keefe, Bruyette & Woods set a $101.00 price objective on shares of Verisk Analytics and gave the stock a “buy” rating in a research note on Friday, December 1st. BMO Capital Markets lifted their price objective on shares of Verisk Analytics from $83.00 to $91.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. Royal Bank Of Canada reissued a “hold” rating and issued a $78.00 price objective on shares of Verisk Analytics in a research note on Friday, October 13th. Finally, Credit Suisse Group lifted their price objective on shares of Verisk Analytics from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $90.62.
Verisk Analytics, Inc. (VRSK) opened at $96.16 on Friday. Verisk Analytics, Inc. has a 52 week low of $75.60 and a 52 week high of $98.60. The company has a market cap of $15,789.01, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 3.40 and a beta of 0.80. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.36.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.06. The firm had revenue of $549.10 million during the quarter, compared to analyst estimates of $527.97 million. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned $0.84 EPS. sell-side analysts anticipate that Verisk Analytics, Inc. will post 3.17 earnings per share for the current fiscal year.
In other news, Director Andrew G. Mills sold 1,768 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $82.50, for a total value of $145,860.00. Following the completion of the sale, the director now owns 102,525 shares in the company, valued at approximately $8,458,312.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $92.72, for a total transaction of $278,160.00. The disclosure for this sale can be found here. Insiders sold a total of 308,146 shares of company stock valued at $26,665,544 in the last 90 days. Company insiders own 3.41% of the company’s stock.
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Verisk Analytics Company Profile
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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