IFM Investors Pty Ltd boosted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 14.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,127 shares of the business services provider’s stock after buying an additional 1,004 shares during the quarter. IFM Investors Pty Ltd’s holdings in Verisk Analytics were worth $980,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Polaris Greystone Financial Group LLC purchased a new stake in Verisk Analytics in the 3rd quarter worth approximately $364,000. TRUE Private Wealth Advisors acquired a new position in shares of Verisk Analytics during the 3rd quarter worth $110,000. Aperio Group LLC increased its stake in shares of Verisk Analytics by 5.2% during the 3rd quarter. Aperio Group LLC now owns 55,502 shares of the business services provider’s stock worth $6,691,000 after purchasing an additional 2,723 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Verisk Analytics by 5.5% during the 3rd quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the business services provider’s stock worth $1,157,000 after purchasing an additional 500 shares during the last quarter. Finally, Andra AP fonden increased its stake in shares of Verisk Analytics by 16.8% during the 3rd quarter. Andra AP fonden now owns 45,800 shares of the business services provider’s stock worth $5,521,000 after purchasing an additional 6,600 shares during the last quarter. Institutional investors own 92.58% of the company’s stock.
NASDAQ:VRSK opened at $113.84 on Friday. Verisk Analytics, Inc. has a 1 year low of $84.36 and a 1 year high of $122.80. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $18.93 billion, a P/E ratio of 35.46, a PEG ratio of 2.33 and a beta of 0.65.
Several brokerages have recently commented on VRSK. BidaskClub upgraded shares of Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Bank of America began coverage on shares of Verisk Analytics in a research note on Tuesday, October 23rd. They set a “neutral” rating and a $125.00 price target on the stock. Zacks Investment Research lowered shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Morgan Stanley restated a “hold” rating and set a $119.00 price target (up previously from $113.00) on shares of Verisk Analytics in a research note on Thursday, September 13th. Finally, Keefe, Bruyette & Woods lowered shares of Verisk Analytics from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a research note on Thursday, August 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Verisk Analytics has an average rating of “Hold” and a consensus price target of $107.93.
In related news, insider Vincent De P. Mccarthy sold 3,090 shares of the firm’s stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $116.68, for a total value of $360,541.20. Following the transaction, the insider now directly owns 37,127 shares in the company, valued at approximately $4,331,978.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $121.97, for a total transaction of $365,910.00. Following the completion of the transaction, the director now owns 82,605 shares in the company, valued at $10,075,331.85. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 945 shares of company stock worth $112,226 and sold 377,684 shares worth $44,289,589. Company insiders own 3.19% of the company’s stock.
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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