1832 Asset Management L.P. Has $3.54 Million Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

1832 Asset Management L.P. reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 14,998 shares of the business services provider’s stock after selling 1,193 shares during the period. 1832 Asset Management L.P.’s holdings in Verisk Analytics were worth $3,535,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Guardian Capital LP lifted its position in Verisk Analytics by 3.0% during the first quarter. Guardian Capital LP now owns 18,466 shares of the business services provider’s stock worth $4,353,000 after acquiring an additional 541 shares during the last quarter. First Commonwealth Financial Corp PA acquired a new stake in Verisk Analytics during the first quarter worth approximately $966,000. Advisors Asset Management Inc. lifted its position in Verisk Analytics by 72.4% during the first quarter. Advisors Asset Management Inc. now owns 2,464 shares of the business services provider’s stock worth $581,000 after acquiring an additional 1,035 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Verisk Analytics in the first quarter valued at approximately $108,000. Finally, LGT Group Foundation raised its position in shares of Verisk Analytics by 16.9% in the first quarter. LGT Group Foundation now owns 37,070 shares of the business services provider’s stock valued at $8,739,000 after buying an additional 5,360 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRSK has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price objective on shares of Verisk Analytics from $238.00 to $241.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Evercore ISI lifted their price target on shares of Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Finally, UBS Group lifted their price target on shares of Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $258.54.

Verisk Analytics Stock Up 1.5 %

Shares of NASDAQ:VRSK traded up $4.07 during midday trading on Friday, hitting $279.97. 869,870 shares of the company’s stock were exchanged, compared to its average volume of 681,625. Verisk Analytics, Inc. has a 12 month low of $215.32 and a 12 month high of $282.21. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a 50 day moving average price of $266.92 and a 200-day moving average price of $247.68. The company has a market cap of $39.95 billion, a PE ratio of 52.23, a price-to-earnings-growth ratio of 3.43 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The business had revenue of $704.00 million during the quarter, compared to the consensus estimate of $699.07 million. During the same period in the prior year, the firm posted $1.29 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.55 EPS for the current fiscal year.

Insider Activity

In other news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $277.38, for a total transaction of $55,476.00. Following the completion of the transaction, the chief financial officer now directly owns 16,408 shares of the company’s stock, valued at approximately $4,551,251.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Nicholas Daffan sold 1,511 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $248.88, for a total transaction of $376,057.68. Following the completion of the transaction, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $277.38, for a total transaction of $55,476.00. Following the sale, the chief financial officer now owns 16,408 shares in the company, valued at $4,551,251.04. The disclosure for this sale can be found here. Insiders sold 2,237 shares of company stock valued at $572,739 in the last three months. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.