Rampart Investment Management Company LLC raised its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 94.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,072 shares of the business services provider’s stock after purchasing an additional 1,496 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Verisk Analytics were worth $187,518,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in VRSK. TRUE Private Wealth Advisors acquired a new stake in Verisk Analytics during the 3rd quarter valued at $110,000. Financial Architects Inc acquired a new stake in Verisk Analytics during the 3rd quarter valued at $113,000. Fort L.P. acquired a new stake in Verisk Analytics during the 2nd quarter valued at $121,000. Harvest Fund Management Co. Ltd acquired a new stake in Verisk Analytics during the 3rd quarter valued at $139,000. Finally, NuWave Investment Management LLC raised its stake in Verisk Analytics by 458.2% during the 3rd quarter. NuWave Investment Management LLC now owns 1,189 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 976 shares during the period. 93.18% of the stock is currently owned by institutional investors.
A number of equities analysts have recently weighed in on VRSK shares. SunTrust Banks upped their price target on shares of Verisk Analytics to $120.00 in a research note on Thursday, November 1st. BidaskClub downgraded shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 22nd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $135.00 price target on shares of Verisk Analytics in a research note on Thursday, December 6th. Zacks Investment Research reaffirmed a “hold” rating on shares of Verisk Analytics in a research note on Saturday, November 17th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $119.00 price target (up from $113.00) on shares of Verisk Analytics in a research note on Thursday, September 13th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $116.00.
NASDAQ VRSK opened at $113.83 on Friday. Verisk Analytics, Inc. has a 1-year low of $90.60 and a 1-year high of $125.99. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market capitalization of $19.01 billion, a PE ratio of 35.46, a P/E/G ratio of 2.39 and a beta of 0.62.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results 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. The business had revenue of $598.70 million for the quarter, compared to the consensus estimate of $596.79 million. Verisk Analytics had a net margin of 27.94% and a return on equity of 31.53%. Verisk Analytics’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 earnings per share. On average, sell-side analysts predict that Verisk Analytics, Inc. will post 4.15 EPS for the current year.
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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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