Quest Investment Management LLC cut its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 20.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,123 shares of the business services provider’s stock after selling 27,984 shares during the quarter. Verisk Analytics accounts for 1.8% of Quest Investment Management LLC’s investment portfolio, making the stock its 25th largest position. Quest Investment Management LLC owned approximately 0.07% of Verisk Analytics worth $11,453,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in VRSK. Norinchukin Bank The raised its holdings in shares of Verisk Analytics by 0.3% in the 1st quarter. Norinchukin Bank The now owns 174,536 shares of the business services provider’s stock valued at $18,152,000 after purchasing an additional 489 shares in the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of Verisk Analytics by 4.2% in the 4th quarter. New Mexico Educational Retirement Board now owns 14,900 shares of the business services provider’s stock valued at $1,430,000 after purchasing an additional 600 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Verisk Analytics by 6.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,589 shares of the business services provider’s stock valued at $920,000 after purchasing an additional 620 shares in the last quarter. HPM Partners LLC raised its holdings in shares of Verisk Analytics by 18.9% in the 4th quarter. HPM Partners LLC now owns 4,119 shares of the business services provider’s stock valued at $395,000 after purchasing an additional 655 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in shares of Verisk Analytics by 1.5% in the 4th quarter. M&T Bank Corp now owns 46,584 shares of the business services provider’s stock valued at $4,472,000 after purchasing an additional 705 shares in the last quarter. Institutional investors own 91.22% of the company’s stock.
Shares of Verisk Analytics stock opened at $107.89 on Monday. Verisk Analytics, Inc. has a 1 year low of $78.97 and a 1 year high of $110.32. 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 firm has a market cap of $17.78 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.09 and a beta of 0.68.
Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Tuesday, May 1st. The business services provider reported $0.94 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.94. Verisk Analytics had a net margin of 26.05% and a return on equity of 31.75%. The company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $565.41 million. During the same quarter last year, the business earned $0.74 EPS. The business’s revenue was up 15.6% on a year-over-year basis. research analysts forecast that Verisk Analytics, Inc. will post 4.1 EPS for the current year.
In related news, SVP Vincent De P. Mccarthy sold 3,090 shares of the firm’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $109.12, for a total value of $337,180.80. Following the completion of the sale, the senior vice president now owns 37,127 shares in the company, valued at $4,051,298.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lee Shavel acquired 357 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, April 10th. The stock was bought at an average price of $105.99 per share, with a total value of $37,838.43. Following the purchase, the chief financial officer now directly owns 27,445 shares of the company’s stock, valued at $2,908,895.55. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,058 shares of company stock valued at $113,251 and sold 226,397 shares valued at $24,232,864. 3.19% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. BidaskClub raised shares of Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. ValuEngine raised shares of Verisk Analytics from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, BMO Capital Markets dropped their target price on shares of Verisk Analytics from $108.00 to $105.00 and set a “market perform” rating on the stock in a research report on Thursday, May 3rd. One 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 stock. The company presently has an average rating of “Buy” and an average target price of $104.36.
About Verisk Analytics
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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