US Bancorp DE lowered its position in Verisk Analytics Inc. (NASDAQ:VRSK) by 8.4% during the third quarter, Holdings Channel reports. The institutional investor owned 189,213 shares of the company’s stock after selling 17,356 shares during the period. US Bancorp DE’s holdings in Verisk Analytics were worth $15,379,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Pinkerton Retirement Specialists LLC purchased a new position in Verisk Analytics during the second quarter worth approximately $100,000. Van ECK Associates Corp purchased a new position in Verisk Analytics during the second quarter worth approximately $111,000. Huntington National Bank boosted its position in Verisk Analytics by 97.1% in the third quarter. Huntington National Bank now owns 1,518 shares of the company’s stock worth $123,000 after buying an additional 748 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Verisk Analytics by 1.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,602 shares of the company’s stock worth $130,000 after buying an additional 30 shares in the last quarter. Finally, Creative Planning boosted its position in Verisk Analytics by 27.9% in the second quarter. Creative Planning now owns 1,625 shares of the company’s stock worth $132,000 after buying an additional 354 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.
Verisk Analytics Inc. (NASDAQ:VRSK) traded up 0.57% during midday trading on Monday, reaching $84.59. 292,301 shares of the company’s stock traded hands. The firm’s 50-day moving average is $81.76 and its 200-day moving average is $81.33. Verisk Analytics Inc. has a 1-year low of $64.79 and a 1-year high of $86.00. The company has a market capitalization of $14.16 billion, a price-to-earnings ratio of 24.38 and a beta of 0.65.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, November 1st. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.09. The business earned $498.10 million during the quarter, compared to analysts’ expectations of $496.70 million. Verisk Analytics had a net margin of 29.06% and a return on equity of 38.26%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. Analysts forecast that Verisk Analytics Inc. will post $3.08 earnings per share for the current year.
A number of research firms recently commented on VRSK. Zacks Investment Research raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Saturday, August 6th. BMO Capital Markets reaffirmed a “hold” rating on shares of Verisk Analytics in a research note on Thursday, November 3rd. Cantor Fitzgerald set a $87.00 price target on shares of Verisk Analytics and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Finally, Macquarie began coverage on shares of Verisk Analytics in a research note on Thursday, August 25th. They set a “neutral” rating and a $88.00 price target for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $88.14.
In related news, COO Mark V. Anquillare sold 20,000 shares of the firm’s stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $78.88, for a total transaction of $1,577,600.00. Following the completion of the sale, the chief operating officer now directly owns 74,090 shares in the company, valued at $5,844,219.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Vincent De P. Mccarthy sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $83.70, for a total transaction of $200,880.00. Following the sale, the senior vice president now owns 34,349 shares of the company’s stock, valued at $2,875,011.30. The disclosure for this sale can be found here. 3.47% of the stock is currently owned by 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.