KCM Investment Advisors LLC reduced its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,690 shares of the business services provider’s stock after selling 1,275 shares during the quarter. KCM Investment Advisors LLC’s holdings in Verisk Analytics were worth $738,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Dupont Capital Management Corp acquired a new position in Verisk Analytics during the 4th quarter worth $112,000. Fusion Family Wealth LLC acquired a new position in Verisk Analytics during the 4th quarter worth $116,000. Virtue Capital Management LLC acquired a new position in Verisk Analytics during the 4th quarter worth $121,000. Bank of Nova Scotia Trust Co. acquired a new position in Verisk Analytics during the 3rd quarter worth $164,000. Finally, Calton & Associates Inc. acquired a new position in Verisk Analytics during the 4th quarter worth $183,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of VRSK stock opened at $102.11 on Friday. The company has a market cap of $17,335.42, a price-to-earnings ratio of 30.94, a price-to-earnings-growth ratio of 2.41 and a beta of 0.71. Verisk Analytics, Inc. has a 1 year low of $75.60 and a 1 year high of $106.07. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.19.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, February 20th. The business services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.56. Verisk Analytics had a net margin of 25.88% and a return on equity of 33.58%. The business had revenue of $570.30 million during the quarter, compared to analysts’ expectations of $557.09 million. During the same quarter in the prior year, the company earned $0.80 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. equities research analysts forecast that Verisk Analytics, Inc. will post 3.97 earnings per share for the current fiscal year.
In related news, EVP Kenneth E. Thompson sold 104,431 shares of the company’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $105.07, for a total value of $10,972,565.17. Following the completion of the sale, the executive vice president now owns 141,973 shares in the company, valued at approximately $14,917,103.11. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kenneth E. Thompson sold 22,513 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $105.02, for a total transaction of $2,364,315.26. Following the completion of the sale, the executive vice president now owns 67,551 shares of the company’s stock, valued at approximately $7,094,206.02. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 1,141 shares of company stock valued at $112,216 and sold 401,642 shares valued at $41,814,853. 3.41% of the stock is owned by corporate insiders.
Several research firms have issued reports on VRSK. BidaskClub raised Verisk Analytics from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Keefe, Bruyette & Woods set a $112.00 price objective on Verisk Analytics and gave the stock a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research upgraded shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a research report on Monday, February 26th. Morgan Stanley upped their target price on shares of Verisk Analytics from $91.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Finally, SunTrust Banks upped their target price on shares of Verisk Analytics to $105.00 and gave the company a “hold” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $103.07.
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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