Ballentine Partners LLC Sells 637 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Ballentine Partners LLC cut its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,972 shares of the business services provider’s stock after selling 637 shares during the period. Ballentine Partners LLC’s holdings in Verisk Analytics were worth $2,136,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC bought a new stake in Verisk Analytics in the 2nd quarter valued at $31,000. Chilton Capital Management LLC acquired a new stake in shares of Verisk Analytics during the 2nd quarter valued at about $34,000. Rothschild Investment LLC bought a new stake in Verisk Analytics in the second quarter valued at about $41,000. Kings Path Partners LLC acquired a new position in Verisk Analytics in the second quarter worth about $46,000. Finally, Webster Bank N. A. raised its position in Verisk Analytics by 28.4% in the first quarter. Webster Bank N. A. now owns 208 shares of the business services provider’s stock worth $49,000 after purchasing an additional 46 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Verisk Analytics Trading Down 0.1 %

Shares of NASDAQ VRSK opened at $264.65 on Friday. Verisk Analytics, Inc. has a 1-year low of $215.32 and a 1-year high of $287.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 5.86. The company has a 50-day moving average of $268.97 and a two-hundred day moving average of $260.39. The company has a market cap of $37.76 billion, a PE ratio of 49.38, a P/E/G ratio of 3.40 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.10. The firm had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $722.45 million. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. Verisk Analytics’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.51 EPS. As a group, equities analysts expect that Verisk Analytics, Inc. will post 6.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VRSK. Royal Bank of Canada upped their price objective on Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Morgan Stanley upped their price target on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Barclays lifted their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $278.67.

Insider Activity

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total transaction of $54,266.00. Following the completion of the sale, the chief financial officer now directly owns 15,808 shares of the company’s stock, valued at approximately $4,289,184.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.

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.