Victory Capital Management Inc. Trims Holdings in Verisk Analytics, Inc. (VRSK)

Victory Capital Management Inc. lowered its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 16.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 500,762 shares of the business services provider’s stock after selling 95,265 shares during the quarter. Victory Capital Management Inc. owned approximately 0.30% of Verisk Analytics worth $60,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. USA Financial Portformulas Corp raised its stake in shares of Verisk Analytics by 96.4% during the third quarter. USA Financial Portformulas Corp now owns 86,247 shares of the business services provider’s stock worth $9,284,000 after purchasing an additional 42,326 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Verisk Analytics during the third quarter worth approximately $8,015,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Verisk Analytics during the third quarter worth approximately $139,000. Arizona State Retirement System raised its stake in shares of Verisk Analytics by 2.3% during the third quarter. Arizona State Retirement System now owns 101,522 shares of the business services provider’s stock worth $12,238,000 after purchasing an additional 2,263 shares during the last quarter. Finally, Financial Architects Inc purchased a new stake in shares of Verisk Analytics during the third quarter worth approximately $113,000. Institutional investors own 92.38% of the company’s stock.

Shares of VRSK stock opened at $118.88 on Wednesday. Verisk Analytics, Inc. has a 1-year low of $89.65 and a 1-year high of $122.80. The firm has a market cap of $19.02 billion, a P/E ratio of 37.03, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, October 30th. The business services provider reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. Verisk Analytics had a return on equity of 31.53% and a net margin of 27.94%. The firm had revenue of $598.70 million for the quarter, compared to analyst estimates of $596.79 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. Verisk Analytics’s quarterly revenue was up 9.0% on a year-over-year basis. Equities analysts predict that Verisk Analytics, Inc. will post 4.15 EPS for the current fiscal year.

Several research firms have recently commented on VRSK. Zacks Investment Research cut Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Morgan Stanley upped their price target on Verisk Analytics from $107.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, July 18th. BidaskClub cut Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 22nd. Keefe, Bruyette & Woods cut Verisk Analytics from an “outperform” rating to a “market perform” rating and set a $90.00 price target for the company. in a research note on Thursday, August 2nd. Finally, SunTrust Banks restated a “hold” rating and set a $109.00 price target on shares of Verisk Analytics in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Verisk Analytics presently has a consensus rating of “Hold” and an average target price of $110.38.

In related news, CEO Scott G. Stephenson sold 18,098 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $116.52, for a total transaction of $2,108,778.96. Following the transaction, the chief executive officer now owns 753,869 shares of the company’s stock, valued at $87,840,815.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vincent De P. Mccarthy sold 3,090 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $117.43, for a total value of $362,858.70. Following the transaction, the insider now directly owns 37,127 shares in the company, valued at approximately $4,359,823.61. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 945 shares of company stock worth $112,226 and have sold 302,275 shares worth $35,696,533. Corporate insiders own 3.19% of the company’s stock.

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About Verisk Analytics

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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