WASHINGTON TRUST Co Trims Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

WASHINGTON TRUST Co lessened its position in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 2.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 77,999 shares of the business services provider's stock after selling 2,066 shares during the quarter. WASHINGTON TRUST Co owned approximately 0.05% of Verisk Analytics worth $20,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in VRSK. Legal & General Group Plc boosted its position in shares of Verisk Analytics by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider's stock worth $436,204,000 after purchasing an additional 111,364 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Verisk Analytics by 5.5% during the second quarter. TD Asset Management Inc now owns 1,502,614 shares of the business services provider's stock valued at $405,030,000 after acquiring an additional 78,008 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd raised its position in shares of Verisk Analytics by 1.1% in the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,137,069 shares of the business services provider's stock worth $268,041,000 after purchasing an additional 12,231 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Verisk Analytics by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,628 shares of the business services provider's stock worth $297,491,000 after purchasing an additional 85,202 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Verisk Analytics by 6.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 613,185 shares of the business services provider's stock valued at $165,284,000 after purchasing an additional 38,258 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics 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 in the company, valued at approximately $4,289,184.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on VRSK shares. Barclays upped their target price on shares of Verisk Analytics from $275.00 to $310.00 and gave the stock an "overweight" rating in a research note on Friday, September 13th. Robert W. Baird lifted their target price on Verisk Analytics from $268.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Evercore ISI reaffirmed an "in-line" rating and set a $279.00 price target on shares of Verisk Analytics in a report on Wednesday, October 2nd. UBS Group lifted their price objective on Verisk Analytics from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Tuesday, July 9th. Finally, BMO Capital Markets lowered their target price 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. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $278.67.

Verisk Analytics Stock Performance

NASDAQ VRSK traded up $7.66 on Wednesday, hitting $271.31. 186,080 shares of the company traded hands, compared to its average volume of 791,126. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 5.86. The business's 50 day moving average price is $268.70 and its 200-day moving average price is $261.68. The company has a market capitalization of $38.71 billion, a price-to-earnings ratio of 49.19, a P/E/G ratio of 3.36 and a beta of 0.86. Verisk Analytics, Inc. has a 52-week low of $215.32 and a 52-week high of $287.13.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.10. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The company had revenue of $716.80 million during the quarter, compared to the consensus estimate of $722.45 million. During the same period in the previous year, the company posted $1.51 EPS. The firm's revenue was up 6.2% on a year-over-year basis. Equities analysts expect that Verisk Analytics, Inc. will post 6.57 earnings per share for the current year.

Verisk Analytics Company 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.

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