JPMorgan Chase & Co. reduced its position in Verisk Analytics Inc. (NASDAQ:VRSK) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,603 shares of the company’s stock after selling 780 shares during the period. JPMorgan Chase & Co. owned approximately 0.07% of Verisk Analytics worth $9,128,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Aperio Group LLC boosted its stake in shares of Verisk Analytics by 6.1% in the first quarter. Aperio Group LLC now owns 37,634 shares of the company’s stock worth $3,008,000 after buying an additional 2,179 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Verisk Analytics by 1.6% in the first quarter. Prudential Financial Inc. now owns 188,074 shares of the company’s stock worth $15,031,000 after buying an additional 2,960 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Verisk Analytics by 0.9% in the first quarter. Franklin Resources Inc. now owns 2,060,506 shares of the company’s stock worth $164,676,000 after buying an additional 19,300 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Verisk Analytics by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,048,467 shares of the company’s stock worth $323,553,000 after buying an additional 12,892 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Verisk Analytics by 82.5% in the first quarter. M&T Bank Corp now owns 30,046 shares of the company’s stock worth $2,402,000 after buying an additional 13,584 shares during the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.
Verisk Analytics Inc. (NASDAQ:VRSK) traded down 0.73% during midday trading on Thursday, hitting $79.71. The stock had a trading volume of 286,481 shares. The firm has a 50-day moving average of $81.95 and a 200-day moving average of $80.46. The company has a market cap of $13.47 billion, a PE ratio of 22.87 and a beta of 0.54. Verisk Analytics Inc. has a 12-month low of $64.79 and a 12-month high of $86.00.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by $0.03. The business earned $498.30 million during the quarter, compared to analyst estimates of $504.44 million. Verisk Analytics had a return on equity of 39.49% and a net margin of 28.54%. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. Equities research analysts forecast that Verisk Analytics Inc. will post $3.00 EPS for the current year.
VRSK has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating on shares of Verisk Analytics in a research report on Wednesday, June 29th. Zacks Investment Research upgraded Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Cantor Fitzgerald set a $87.00 target price on Verisk Analytics and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Finally, Macquarie assumed coverage on Verisk Analytics in a research report on Thursday, August 25th. They set a “neutral” rating and a $88.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $84.80.
In related news, SVP Vincent De P. Mccarthy sold 2,400 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $81.27, for a total value of $195,048.00. Following the completion of the transaction, the senior vice president now owns 34,349 shares of the company’s stock, valued at approximately $2,791,543.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mark V. Anquillare sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $81.62, for a total value of $1,632,400.00. Following the completion of the transaction, the chief operating officer now directly owns 74,090 shares of the company’s stock, valued at approximately $6,047,225.80. The disclosure for this sale can be found here. 3.47% of the stock is owned by corporate insiders.
Verisk Analytics Company Profile
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.