Redmond Asset Management LLC trimmed its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,256 shares of the business services provider’s stock after selling 100 shares during the period. Redmond Asset Management LLC’s holdings in Verisk Analytics were worth $1,502,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of VRSK. Dimensional Fund Advisors LP lifted its holdings in shares of Verisk Analytics by 15.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 714,381 shares of the business services provider’s stock valued at $77,894,000 after buying an additional 97,061 shares during the period. Geode Capital Management LLC raised its holdings in Verisk Analytics by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 2,283,215 shares of the business services provider’s stock worth $248,557,000 after purchasing an additional 168,185 shares during the period. Millennium Management LLC acquired a new position in Verisk Analytics in the 4th quarter worth about $1,189,000. FMR LLC raised its holdings in Verisk Analytics by 41.8% in the 4th quarter. FMR LLC now owns 18,344 shares of the business services provider’s stock worth $2,000,000 after purchasing an additional 5,410 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in Verisk Analytics by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 76,136 shares of the business services provider’s stock worth $10,126,000 after purchasing an additional 252 shares during the period. Institutional investors own 93.23% of the company’s stock.

In other Verisk Analytics news, CAO David J. Grover sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $144.25, for a total transaction of $432,750.00. Following the completion of the transaction, the chief accounting officer now owns 9,931 shares of the company’s stock, valued at $1,432,546.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David B. Wright sold 14,728 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $152.19, for a total value of $2,241,454.32. Following the transaction, the director now directly owns 26,207 shares of the company’s stock, valued at approximately $3,988,443.33. The disclosure for this sale can be found here. Insiders have sold 29,928 shares of company stock valued at $4,475,722 in the last three months. Insiders own 2.71% of the company’s stock.

A number of equities analysts recently weighed in on VRSK shares. Zacks Investment Research cut Verisk Analytics from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. SunTrust Banks upped their price target on Verisk Analytics to $150.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. They noted that the move was a valuation call. Deutsche Bank set a $137.00 price target on Verisk Analytics and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Bank of America upped their price target on Verisk Analytics from $146.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley set a $132.00 price target on Verisk Analytics and gave the stock a “hold” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $138.89.

Shares of Verisk Analytics stock traded up $2.13 during mid-day trading on Thursday, reaching $155.22. 8,402 shares of the stock traded hands, compared to its average volume of 718,742. The company has a 50-day moving average price of $151.26. Verisk Analytics, Inc. has a fifty-two week low of $102.74 and a fifty-two week high of $157.60. The stock has a market capitalization of $25.42 billion, a PE ratio of 37.67, a PEG ratio of 3.47 and a beta of 0.76. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.21.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, July 30th. The business services provider reported $1.10 EPS for the quarter, meeting analysts’ consensus estimates of $1.10. Verisk Analytics had a return on equity of 33.05% and a net margin of 23.97%. The business had revenue of $652.60 million during the quarter, compared to analysts’ expectations of $642.61 million. During the same quarter in the prior year, the firm earned $1.06 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. As a group, analysts forecast that Verisk Analytics, Inc. will post 4.43 earnings per share for the current fiscal year.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.

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

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