Peregrine Capital Management LLC continued to hold its position in Verisk Analytics, Inc. (NASDAQ:VRSK) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 94,463 shares of the business services provider’s stock at the end of the second quarter. Peregrine Capital Management LLC owned about 0.06% of Verisk Analytics worth $7,970,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Verisk Analytics by 2.6% in the first quarter. Vanguard Group Inc. now owns 14,618,893 shares of the business services provider’s stock worth $1,186,178,000 after buying an additional 369,542 shares during the period. BlackRock Inc. boosted its position in shares of Verisk Analytics by 2,758.9% in the first quarter. BlackRock Inc. now owns 9,612,882 shares of the business services provider’s stock worth $779,989,000 after buying an additional 9,276,635 shares in the last quarter. State Street Corp boosted its position in shares of Verisk Analytics by 1.2% in the first quarter. State Street Corp now owns 6,496,095 shares of the business services provider’s stock worth $527,082,000 after buying an additional 76,648 shares in the last quarter. Parnassus Investments CA boosted its position in shares of Verisk Analytics by 5.9% in the first quarter. Parnassus Investments CA now owns 5,459,968 shares of the business services provider’s stock worth $430,617,000 after buying an additional 303,701 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Verisk Analytics by 96.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,199,787 shares of the business services provider’s stock worth $340,771,000 after buying an additional 2,060,620 shares in the last quarter. Hedge funds and other institutional investors own 94.07% of the company’s stock.
Shares of Verisk Analytics, Inc. (VRSK) traded down 0.31% on Friday, hitting $80.65. The stock had a trading volume of 851,006 shares. Verisk Analytics, Inc. has a 12 month low of $75.60 and a 12 month high of $88.17. The firm’s 50-day moving average price is $84.09 and its 200 day moving average price is $82.09. The firm has a market cap of $13.27 billion, a P/E ratio of 29.32 and a beta of 0.66.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The company had revenue of $523.20 million during the quarter, compared to the consensus estimate of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. Verisk Analytics’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. Analysts anticipate that Verisk Analytics, Inc. will post $3.14 EPS for the current fiscal year.
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A number of equities analysts recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $82.00 target price (down from $83.00) on shares of Verisk Analytics in a report on Tuesday, July 18th. Zacks Investment Research raised Verisk Analytics from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. BMO Capital Markets raised their target price on Verisk Analytics from $81.00 to $83.00 and gave the stock a “market perform” rating in a report on Friday, July 14th. UBS AG reaffirmed a “sell” rating and issued a $75.00 target price (up from $71.00) on shares of Verisk Analytics in a report on Friday, July 14th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $85.00 price target (up from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $85.00.
In other Verisk Analytics news, Director Andrew G. Mills sold 3,000 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $83.47, for a total value of $250,410.00. Following the completion of the sale, the director now owns 107,666 shares in the company, valued at approximately $8,986,881.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David B. Wright sold 15,000 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $80.32, for a total transaction of $1,204,800.00. Following the completion of the sale, the director now owns 22,025 shares of the company’s stock, valued at approximately $1,769,048. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,304 shares of company stock valued at $1,562,738. 3.41% of the stock is owned by insiders.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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