Fayez Sarofim & Co Takes $49.92 Million Position in Verisk Analytics (VRSK)

Fayez Sarofim & Co purchased a new stake in shares of Verisk Analytics (NASDAQ:VRSK) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 479,996 shares of the business services provider’s stock, valued at approximately $49,920,000. Fayez Sarofim & Co owned approximately 0.29% of Verisk Analytics at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Verisk Analytics by 3.8% in the first quarter. BlackRock Inc. now owns 10,125,955 shares of the business services provider’s stock worth $1,053,100,000 after acquiring an additional 374,103 shares during the period. Parnassus Investments CA lifted its stake in shares of Verisk Analytics by 1.1% in the fourth quarter. Parnassus Investments CA now owns 6,424,319 shares of the business services provider’s stock worth $616,735,000 after acquiring an additional 71,746 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Verisk Analytics by 26.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,759,713 shares of the business services provider’s stock worth $599,010,000 after acquiring an additional 1,206,737 shares during the period. Mawer Investment Management Ltd. lifted its stake in shares of Verisk Analytics by 1.4% in the first quarter. Mawer Investment Management Ltd. now owns 1,835,505 shares of the business services provider’s stock worth $190,777,000 after acquiring an additional 26,218 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Verisk Analytics by 12.4% in the first quarter. American Century Companies Inc. now owns 1,773,069 shares of the business services provider’s stock worth $184,399,000 after acquiring an additional 195,648 shares during the period. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on VRSK shares. Keefe, Bruyette & Woods set a $112.00 price objective on Verisk Analytics and gave the stock a “buy” rating in a research note on Friday, February 23rd. BidaskClub raised Verisk Analytics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. JPMorgan Chase raised Verisk Analytics from a “neutral” rating to an “overweight” rating and set a $100.00 price objective on the stock in a research note on Thursday, February 22nd. Morgan Stanley set a $107.00 price objective on Verisk Analytics and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $115.00 price objective (up from $105.00) on shares of Verisk Analytics in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Verisk Analytics presently has a consensus rating of “Buy” and an average price target of $104.36.

In other news, Director Hyatt J. Brown sold 73,587 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $100.20, for a total transaction of $7,373,417.40. Following the completion of the sale, the director now owns 78,673 shares in the company, valued at $7,883,034.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John F. Lehman sold 7,107 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $105.37, for a total value of $748,864.59. Following the sale, the director now owns 106,656 shares of the company’s stock, valued at approximately $11,238,342.72. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,068 shares of company stock worth $112,950 and sold 518,830 shares worth $54,173,244. 3.19% of the stock is currently owned by insiders.

Shares of Verisk Analytics opened at $105.65 on Wednesday, according to MarketBeat Ratings. Verisk Analytics has a 52-week low of $78.97 and a 52-week high of $108.58. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of 32.91, a price-to-earnings-growth ratio of 1.99 and a beta of 0.67.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.94 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.94. Verisk Analytics had a return on equity of 31.75% and a net margin of 26.05%. The firm had revenue of $581.00 million for the quarter, compared to analyst estimates of $565.41 million. During the same period in the previous year, the firm earned $0.74 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. equities analysts predict that Verisk Analytics will post 4.1 earnings per share for the current year.

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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