Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by Cadence Bank

Cadence Bank reduced its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,380 shares of the business services provider’s stock after selling 100 shares during the period. Cadence Bank’s holdings in Verisk Analytics were worth $1,268,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of VRSK. Vanguard Group Inc. grew its stake in Verisk Analytics by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 16,407,133 shares of the business services provider’s stock worth $3,919,008,000 after purchasing an additional 170,620 shares in the last quarter. Norges Bank bought a new stake in shares of Verisk Analytics in the 4th quarter valued at approximately $374,530,000. TD Asset Management Inc raised its position in shares of Verisk Analytics by 6.1% during the 1st quarter. TD Asset Management Inc now owns 1,424,606 shares of the business services provider’s stock valued at $335,822,000 after acquiring an additional 81,885 shares in the last quarter. Franklin Resources Inc. lifted its stake in Verisk Analytics by 90.5% during the fourth quarter. Franklin Resources Inc. now owns 1,141,516 shares of the business services provider’s stock worth $272,663,000 after purchasing an additional 542,432 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Verisk Analytics by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 985,803 shares of the business services provider’s stock worth $235,463,000 after purchasing an additional 80,146 shares during the period. Institutional investors own 90.00% of the company’s stock.

Insider Activity

In other news, insider Nicholas Daffan sold 1,511 shares of the firm’s stock in a transaction dated 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 owns 52,500 shares in the company, valued at approximately $13,066,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the sale, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at $4,356,444.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nicholas Daffan sold 1,511 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the sale, the insider now owns 52,500 shares in the company, valued at approximately $13,066,200. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,237 shares of company stock worth $572,739. 0.40% of the stock is owned by company insiders.

Verisk Analytics Stock Performance

VRSK stock traded up $4.07 on Friday, reaching $279.97. The company’s stock had a trading volume of 869,856 shares, compared to its average volume of 841,208. The firm has a fifty day moving average of $266.36 and a two-hundred day moving average of $247.26. 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 company has a market capitalization of $39.95 billion, a P/E ratio of 51.69, a price-to-earnings-growth ratio of 3.44 and a beta of 0.84. Verisk Analytics, Inc. has a 52 week low of $215.32 and a 52 week high of $282.21.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 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 company had revenue of $704.00 million for the quarter, compared to the consensus estimate of $699.07 million. During the same period in the previous year, the firm earned $1.29 EPS. Verisk Analytics’s revenue was up 8.0% on a year-over-year basis. As a group, analysts predict that Verisk Analytics, Inc. will post 6.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VRSK has been the topic of a number of research reports. Evercore ISI increased their target price 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. BMO Capital Markets raised their target price on shares of Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Finally, UBS Group lifted their target price on Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Verisk Analytics presently has a consensus rating of “Hold” and an average price target of $258.54.

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.