Public Employees Retirement Association of Colorado lowered its stake in Verisk Analytics Inc. (NASDAQ:VRSK) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 153,911 shares of the company’s stock after selling 502 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Verisk Analytics were worth $12,479,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of VRSK. Bank of Montreal Can purchased a new stake in Verisk Analytics during the second quarter valued at approximately $14,238,000. Legal & General Group Plc raised its stake in Verisk Analytics by 0.7% in the first quarter. Legal & General Group Plc now owns 627,541 shares of the company’s stock valued at $50,153,000 after buying an additional 4,216 shares during the period. Intermede Investment Partners Ltd raised its stake in Verisk Analytics by 2.0% in the second quarter. Intermede Investment Partners Ltd now owns 375,130 shares of the company’s stock valued at $30,416,000 after buying an additional 7,535 shares during the period. Junto Capital Management LP purchased a new stake in Verisk Analytics during the first quarter valued at approximately $27,233,000. Finally, Riverhead Capital Management LLC raised its stake in Verisk Analytics by 65.5% in the first quarter. Riverhead Capital Management LLC now owns 41,621 shares of the company’s stock valued at $3,327,000 after buying an additional 16,465 shares during the period. Institutional investors own 90.79% of the company’s stock.
Verisk Analytics Inc. (NASDAQ:VRSK) traded down 0.03% on Thursday, reaching $79.50. The company’s stock had a trading volume of 340,723 shares. The firm has a 50 day moving average price of $81.62 and a 200 day moving average price of $80.51. The stock has a market capitalization of $13.43 billion, a P/E ratio of 22.81 and a beta of 0.54. Verisk Analytics Inc. has a 52 week low of $64.79 and a 52 week high of $86.00.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.03. Verisk Analytics had a net margin of 28.54% and a return on equity of 39.49%. The company had revenue of $498.30 million for the quarter, compared to analyst estimates of $504.44 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. Verisk Analytics’s revenue was up 16.3% on a year-over-year basis. On average, equities analysts anticipate that Verisk Analytics Inc. will post $3.00 EPS for the current year.
VRSK has been the subject of a number of analyst reports. Macquarie initiated coverage on Verisk Analytics in a research report on Thursday, August 25th. They issued a “neutral” rating and a $88.00 price target for the company. Morgan Stanley restated an “overweight” rating on shares of Verisk Analytics in a research report on Wednesday, June 29th. Cantor Fitzgerald restated a “buy” rating on shares of Verisk Analytics in a research report on Friday, August 19th. Finally, Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $84.80.
In related news, COO Mark V. Anquillare sold 20,000 shares of Verisk Analytics stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $81.20, for a total transaction of $1,624,000.00. Following the completion of the transaction, the chief operating officer now directly owns 74,090 shares in the company, valued at approximately $6,016,108. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank J. Coyne sold 62,048 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $81.53, for a total value of $5,058,773.44. Following the transaction, the director now owns 106,563 shares of the company’s stock, valued at $8,688,081.39. The disclosure for this sale can be found here. Corporate insiders own 3.47% of the company’s stock.
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.