Ballentine Partners LLC Has $2.14 Million Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Ballentine Partners LLC lessened its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,972 shares of the business services provider’s stock after selling 637 shares during the period. Ballentine Partners LLC’s holdings in Verisk Analytics were worth $2,136,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Kathmere Capital Management LLC boosted its position in shares of Verisk Analytics by 5.6% in the first quarter. Kathmere Capital Management LLC now owns 2,325 shares of the business services provider’s stock worth $548,000 after buying an additional 124 shares during the period. Webster Bank N. A. grew its stake in Verisk Analytics by 28.4% during the 1st quarter. Webster Bank N. A. now owns 208 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 46 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Verisk Analytics in the 1st quarter valued at about $386,000. MV Capital Management Inc. lifted its position in shares of Verisk Analytics by 37.8% in the first quarter. MV Capital Management Inc. now owns 923 shares of the business services provider’s stock worth $218,000 after purchasing an additional 253 shares in the last quarter. Finally, Verum Partners LLC purchased a new stake in shares of Verisk Analytics in the first quarter worth approximately $589,000. 90.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total transaction of $54,266.00. Following the transaction, the chief financial officer now owns 15,808 shares of the company’s stock, valued at approximately $4,289,184.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

Verisk Analytics Stock Down 0.1 %

Verisk Analytics stock opened at $264.65 on Friday. The company has a debt-to-equity ratio of 5.86, a current ratio of 0.95 and a quick ratio of 0.95. Verisk Analytics, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $287.13. The firm has a fifty day moving average price of $268.97 and a two-hundred day moving average price of $260.39. The firm has a market cap of $37.76 billion, a price-to-earnings ratio of 49.38, a P/E/G ratio of 3.40 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.10. The business had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $722.45 million. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.51 EPS. As a group, analysts forecast that Verisk Analytics, Inc. will post 6.57 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. BMO Capital Markets dropped their price objective on shares of Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a research note on Thursday, August 1st. Morgan Stanley upped their price target on shares of Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Evercore ISI reiterated an “in-line” rating and set a $279.00 price objective on shares of Verisk Analytics in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays raised their price target on Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Verisk Analytics has a consensus rating of “Moderate Buy” and an average target price of $278.67.

Verisk Analytics Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.