Renaissance Technologies LLC Reduces Stake in Verisk Analytics, Inc. (VRSK)

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Renaissance Technologies LLC cut its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 57.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 260,000 shares of the business services provider’s stock after selling 348,200 shares during the quarter. Renaissance Technologies LLC owned 0.16% of Verisk Analytics worth $27,986,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Verisk Analytics by 3.6% in the second quarter. BlackRock Inc. now owns 10,487,625 shares of the business services provider’s stock valued at $1,128,890,000 after acquiring an additional 361,670 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Verisk Analytics by 17.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,747,411 shares of the business services provider’s stock worth $726,290,000 after buying an additional 987,698 shares during the last quarter. Janus Henderson Group PLC increased its position in Verisk Analytics by 6.6% during the 2nd quarter. Janus Henderson Group PLC now owns 4,998,795 shares of the business services provider’s stock worth $538,070,000 after purchasing an additional 308,154 shares in the last quarter. Franklin Resources Inc. increased its position in Verisk Analytics by 44.8% during the 1st quarter. Franklin Resources Inc. now owns 2,773,570 shares of the business services provider’s stock worth $288,485,000 after purchasing an additional 858,233 shares in the last quarter. Finally, Mawer Investment Management Ltd. increased its position in Verisk Analytics by 0.8% during the 2nd quarter. Mawer Investment Management Ltd. now owns 1,850,923 shares of the business services provider’s stock worth $199,211,000 after purchasing an additional 15,418 shares in the last quarter. 92.33% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on VRSK. Zacks Investment Research upgraded Verisk Analytics from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Tuesday, July 17th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $115.00 price target on shares of Verisk Analytics in a report on Thursday, July 19th. BidaskClub cut Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. SunTrust Banks reiterated a “hold” rating and set a $109.00 target price on shares of Verisk Analytics in a report on Wednesday, August 1st. Finally, Morgan Stanley boosted their target price on Verisk Analytics from $107.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, July 18th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $106.62.

Shares of VRSK traded up $1.45 during trading on Friday, reaching $114.78. The company’s stock had a trading volume of 921,807 shares, compared to its average volume of 836,792. Verisk Analytics, Inc. has a twelve month low of $83.74 and a twelve month high of $122.80. The firm has a market cap of $19.86 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 2.29 and a beta of 0.65. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.99.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, July 31st. The business services provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. Verisk Analytics had a return on equity of 31.35% and a net margin of 26.58%. The company had revenue of $601.30 million for the quarter, compared to analyst estimates of $586.22 million. On average, equities analysts expect that Verisk Analytics, Inc. will post 4.16 earnings per share for the current fiscal year.

In other news, Director Andrew G. Mills sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $121.97, for a total value of $365,910.00. Following the completion of the sale, the director now directly owns 82,605 shares in the company, valued at approximately $10,075,331.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott G. Stephenson sold 61,450 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $115.45, for a total value of $7,094,402.50. Following the completion of the sale, the chief executive officer now owns 702,755 shares of the company’s stock, valued at $81,133,064.75. The disclosure for this sale can be found here. Over the last quarter, insiders bought 945 shares of company stock valued at $112,226 and sold 378,988 shares valued at $44,407,655. 3.19% of the stock is currently owned by insiders.

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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