Bamco Inc. NY lowered its stake in shares of Verisk Analytics (NASDAQ:VRSK) by 0.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,510,160 shares of the business services provider’s stock after selling 1,520 shares during the period. Verisk Analytics makes up approximately 0.7% of Bamco Inc. NY’s portfolio, making the stock its 29th biggest holding. Bamco Inc. NY owned about 0.91% of Verisk Analytics worth $157,057,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new position in Verisk Analytics during the 4th quarter valued at about $112,000. Fusion Family Wealth LLC acquired a new position in Verisk Analytics during the 4th quarter valued at about $116,000. Virtue Capital Management LLC acquired a new position in Verisk Analytics during the 4th quarter valued at about $121,000. Calton & Associates Inc. acquired a new position in Verisk Analytics during the 4th quarter valued at about $183,000. Finally, Psagot Investment House Ltd. acquired a new position in Verisk Analytics during the 1st quarter valued at about $198,000. Institutional investors and hedge funds own 93.48% of the company’s stock.
Verisk Analytics stock opened at $104.58 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.93. The company has a market cap of $17.36 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 1.95 and a beta of 0.67. Verisk Analytics has a 52 week low of $104.55 and a 52 week high of $105.38.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.94 EPS for the quarter, hitting analysts’ consensus estimates of $0.94. The company had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $565.41 million. Verisk Analytics had a net margin of 26.05% and a return on equity of 31.75%. Verisk Analytics’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. sell-side analysts expect that Verisk Analytics will post 4.1 earnings per share for the current fiscal year.
Several equities analysts have commented on VRSK shares. Keefe, Bruyette & Woods set a $112.00 target price on shares of Verisk Analytics and gave the stock a “buy” rating in a research report on Friday, February 23rd. BidaskClub raised shares of Verisk Analytics from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Zacks Investment Research raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research report on Monday, February 26th. ValuEngine raised shares of Verisk Analytics from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Morgan Stanley lifted their target price on shares of Verisk Analytics from $91.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $104.36.
In related news, CEO Scott G. Stephenson sold 64,063 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $104.89, for a total value of $6,719,568.07. Following the sale, the chief executive officer now owns 638,901 shares of the company’s stock, valued at approximately $67,014,325.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vincent De P. Mccarthy sold 8,000 shares of Verisk Analytics stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $104.25, for a total transaction of $834,000.00. Following the completion of the sale, the senior vice president now directly owns 33,715 shares in the company, valued at approximately $3,514,788.75. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 1,068 shares of company stock worth $112,950 and sold 518,830 shares worth $54,153,984. Insiders own 3.19% of the company’s stock.
Verisk Analytics Profile
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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