Assetmark Inc. lowered its position in Verisk Analytics Inc. (NASDAQ:VRSK) by 27.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,007 shares of the company’s stock after selling 15,261 shares during the period. Assetmark Inc.’s holdings in Verisk Analytics were worth $3,333,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of VRSK. Vanguard Group Inc. raised its stake in shares of Verisk Analytics by 1.9% in the second quarter. Vanguard Group Inc. now owns 13,478,427 shares of the company’s stock worth $1,092,832,000 after buying an additional 248,713 shares during the last quarter. FMR LLC increased its stake in Verisk Analytics by 0.6% in the second quarter. FMR LLC now owns 8,043,028 shares of the company’s stock worth $652,129,000 after buying an additional 50,948 shares during the period. Janus Capital Management LLC increased its stake in Verisk Analytics by 6.9% in the second quarter. Janus Capital Management LLC now owns 6,204,591 shares of the company’s stock worth $503,055,000 after buying an additional 402,985 shares during the period. Parnassus Investments CA increased its stake in Verisk Analytics by 1.4% in the second quarter. Parnassus Investments CA now owns 4,455,107 shares of the company’s stock worth $361,220,000 after buying an additional 61,061 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Verisk Analytics by 2.4% in the second quarter. Principal Financial Group Inc. now owns 3,510,041 shares of the company’s stock worth $284,594,000 after buying an additional 82,973 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.
Verisk Analytics Inc. (NASDAQ:VRSK) opened at 83.89 on Friday. The stock’s 50 day moving average price is $81.59 and its 200 day moving average price is $81.29. Verisk Analytics Inc. has a 52 week low of $64.79 and a 52 week high of $86.00. The firm has a market capitalization of $14.05 billion, a P/E ratio of 24.18 and a beta of 0.65.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Verisk Analytics had a return on equity of 38.26% and a net margin of 29.06%. The business had revenue of $498.10 million for the quarter, compared to the consensus estimate of $496.70 million. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts expect that Verisk Analytics Inc. will post $3.08 EPS for the current year.
VRSK has been the subject of a number of research reports. Macquarie initiated coverage on Verisk Analytics in a report on Thursday, August 25th. They set a “neutral” rating and a $88.00 target price for the company. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Verisk Analytics in a report on Friday, August 19th. Zacks Investment Research raised Verisk Analytics from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Tuesday, November 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Verisk Analytics in a report on Thursday, November 3rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $88.14.
In related news, SVP Vincent De P. Mccarthy sold 2,400 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $83.70, for a total transaction of $200,880.00. Following the transaction, the senior vice president now owns 34,349 shares in the company, valued at approximately $2,875,011.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mark V. Anquillare sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $78.88, for a total value of $1,577,600.00. Following the transaction, the chief operating officer now owns 74,090 shares in the company, valued at approximately $5,844,219.20. The disclosure for this sale can be found here. 3.47% of the stock is owned by insiders.
About Verisk Analytics
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government and risk management. The Company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence and economic forecasting, among others.