State Board of Administration of Florida Retirement System increased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,242 shares of the business services provider’s stock after purchasing an additional 2,953 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.14% of Verisk Analytics worth $24,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of VRSK. Ostrum Asset Management purchased a new stake in Verisk Analytics during the 1st quarter worth about $100,000. C M Bidwell & Associates Ltd. purchased a new stake in Verisk Analytics during the 1st quarter worth about $145,000. Squar Milner Financial Services LLC purchased a new stake in Verisk Analytics during the 2nd quarter worth about $146,000. Summit Trail Advisors LLC increased its position in Verisk Analytics by 7,839.7% during the 1st quarter. Summit Trail Advisors LLC now owns 176,182 shares of the business services provider’s stock worth $176,000 after purchasing an additional 173,963 shares in the last quarter. Finally, Psagot Investment House Ltd. purchased a new stake in Verisk Analytics during the 1st quarter worth about $198,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

A number of brokerages have issued reports on VRSK. BidaskClub raised Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Morgan Stanley raised their price target on Verisk Analytics from $108.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, August 2nd. Keefe, Bruyette & Woods lowered Verisk Analytics from an “outperform” rating to a “market perform” rating and set a $90.00 price target on the stock. in a research note on Thursday, August 2nd. SunTrust Banks reissued a “hold” rating and issued a $109.00 price target on shares of Verisk Analytics in a research note on Wednesday, August 1st. Finally, Zacks Investment Research lowered Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $106.15.

NASDAQ VRSK opened at $117.06 on Friday. The stock has a market capitalization of $19.26 billion, a PE ratio of 36.47, a PEG ratio of 2.22 and a beta of 0.66. Verisk Analytics, Inc. has a 1-year low of $78.97 and a 1-year high of $118.13. 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 (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, July 31st. The business services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.05. The business had revenue of $601.30 million for the quarter, compared to analyst estimates of $586.22 million. Verisk Analytics had a return on equity of 31.35% and a net margin of 26.58%. sell-side analysts expect that Verisk Analytics, Inc. will post 4.14 EPS for the current fiscal year.

In related news, CFO Lee Shavel purchased 321 shares of Verisk Analytics stock in a transaction that occurred on Friday, August 10th. The shares were purchased at an average cost of $117.09 per share, with a total value of $37,585.89. Following the transaction, the chief financial officer now owns 28,798 shares of the company’s stock, valued at approximately $3,371,957.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Vincent De P. Mccarthy sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $109.06, for a total value of $3,817,100.00. Following the transaction, the senior vice president now directly owns 69,037 shares in the company, valued at $7,529,175.22. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 996 shares of company stock worth $112,124 and sold 596,561 shares worth $66,889,140. Insiders own 3.19% of the company’s stock.

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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