Millennium Management LLC trimmed its holdings in shares of Verisk Analytics (NASDAQ:VRSK) by 77.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,723 shares of the business services provider’s stock after selling 216,527 shares during the quarter. Millennium Management LLC’s holdings in Verisk Analytics were worth $6,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in VRSK. JPMorgan Chase & Co. grew its stake in Verisk Analytics by 63.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 160,795 shares of the business services provider’s stock worth $13,250,000 after buying an additional 62,566 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Verisk Analytics by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 561,666 shares of the business services provider’s stock worth $46,723,000 after buying an additional 2,037 shares during the last quarter. Vident Investment Advisory LLC purchased a new position in Verisk Analytics during the 3rd quarter worth $429,000. California Public Employees Retirement System grew its stake in Verisk Analytics by 4.2% during the 3rd quarter. California Public Employees Retirement System now owns 320,375 shares of the business services provider’s stock worth $26,652,000 after buying an additional 12,975 shares during the last quarter. Finally, IFM Investors Pty Ltd purchased a new position in Verisk Analytics during the 3rd quarter worth $391,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Several research analysts recently weighed in on the company. BidaskClub downgraded Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. BMO Capital Markets restated a “market perform” rating and set a $102.00 target price (up from $100.00) on shares of Verisk Analytics in a research note on Thursday, February 22nd. ValuEngine upgraded Verisk Analytics from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. SunTrust Banks boosted their target price on Verisk Analytics to $105.00 and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo reaffirmed an “outperform” rating and set a $115.00 price target (up previously from $105.00) on shares of Verisk Analytics in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $103.07.
Shares of VRSK opened at $107.38 on Friday. Verisk Analytics has a one year low of $75.60 and a one year high of $108.58. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.19. The stock has a market cap of $17,732.41, a price-to-earnings ratio of 33.45, a PEG ratio of 2.47 and a beta of 0.67.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, February 20th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.56. The business had revenue of $570.30 million during the quarter, compared to analysts’ expectations of $557.09 million. Verisk Analytics had a return on equity of 33.58% and a net margin of 25.88%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. equities research analysts expect that Verisk Analytics will post 3.97 earnings per share for the current year.
In other news, Director Andrew G. Mills sold 3,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $100.00, for a total value of $300,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Lee Shavel acquired 399 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $94.05 per share, with a total value of $37,525.95. Following the acquisition, the chief financial officer now owns 23,128 shares in the company, valued at $2,175,188.40. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,110 shares of company stock valued at $112,570 and sold 401,642 shares valued at $41,814,853. Insiders own 3.19% of the company’s stock.
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Verisk Analytics Company Profile
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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