First Hawaiian Bank Invests $1.58 Million in Verisk Analytics, Inc. (VRSK) Stock

First Hawaiian Bank acquired a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 13,093 shares of the business services provider’s stock, valued at approximately $1,578,000.

A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its position in Verisk Analytics by 3.6% during the 2nd quarter. BlackRock Inc. now owns 10,487,625 shares of the business services provider’s stock worth $1,128,890,000 after purchasing an additional 361,670 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Verisk Analytics by 17.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,747,411 shares of the business services provider’s stock worth $726,290,000 after purchasing an additional 987,698 shares during the last quarter. Janus Henderson Group PLC grew its position in Verisk Analytics by 6.6% during the 2nd quarter. Janus Henderson Group PLC now owns 4,998,795 shares of the business services provider’s stock worth $538,070,000 after purchasing an additional 308,154 shares during the last quarter. Mawer Investment Management Ltd. grew its position in Verisk Analytics by 0.8% during the 2nd quarter. Mawer Investment Management Ltd. now owns 1,850,923 shares of the business services provider’s stock worth $199,211,000 after purchasing an additional 15,418 shares during the last quarter. Finally, Waddell & Reed Financial Inc. grew its position in Verisk Analytics by 729.7% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,836,705 shares of the business services provider’s stock worth $197,703,000 after purchasing an additional 1,615,337 shares during the last quarter. 92.33% of the stock is currently owned by institutional investors.

Shares of NASDAQ:VRSK opened at $115.64 on Friday. The stock has a market capitalization of $19.86 billion, a PE ratio of 36.03, a PEG ratio of 2.29 and a beta of 0.65. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.99. Verisk Analytics, Inc. has a fifty-two week low of $83.96 and a fifty-two week high of $122.80.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, July 31st. The business services provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The business had revenue of $601.30 million for the quarter, compared to the consensus estimate of $586.22 million. Verisk Analytics had a net margin of 26.58% and a return on equity of 31.35%. On average, equities analysts predict that Verisk Analytics, Inc. will post 4.16 earnings per share for the current fiscal year.

In related news, CFO Lee Shavel acquired 312 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, September 19th. The stock was purchased at an average price of $119.82 per share, for a total transaction of $37,383.84. Following the completion of the purchase, the chief financial officer now directly owns 29,110 shares of the company’s stock, valued at $3,487,960.20. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Scott G. Stephenson sold 2,121 shares of the firm’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $115.02, for a total transaction of $243,957.42. Following the completion of the sale, the chief executive officer now owns 659,929 shares of the company’s stock, valued at approximately $75,905,033.58. The disclosure for this sale can be found here. In the last ninety days, insiders bought 945 shares of company stock worth $112,226 and sold 376,715 shares worth $44,173,006. 3.19% of the stock is owned by insiders.

Several research analysts have issued reports on VRSK shares. Zacks Investment Research raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Tuesday, July 17th. Morgan Stanley raised their price objective on shares of Verisk Analytics from $107.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, July 18th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $115.00 price objective on shares of Verisk Analytics in a research report on Thursday, July 19th. BidaskClub downgraded shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $109.00 target price on shares of Verisk Analytics in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $106.62.

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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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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