SRN Advisors LLC Lowers Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

SRN Advisors LLC reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,619 shares of the business services provider’s stock after selling 232 shares during the quarter. Verisk Analytics comprises about 1.3% of SRN Advisors LLC’s holdings, making the stock its 21st largest position. SRN Advisors LLC’s holdings in Verisk Analytics were worth $1,506,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Verisk Analytics by 1.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 362,915 shares of the business services provider’s stock worth $85,550,000 after acquiring an additional 4,147 shares during the period. Diversified Trust Co purchased a new position in shares of Verisk Analytics during the 2nd quarter worth approximately $1,325,000. OFI Invest Asset Management lifted its holdings in shares of Verisk Analytics by 2,181.7% in the 2nd quarter. OFI Invest Asset Management now owns 2,875 shares of the business services provider’s stock valued at $723,000 after buying an additional 2,749 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Verisk Analytics in the first quarter valued at approximately $1,115,000. Finally, Twin Tree Management LP acquired a new position in Verisk Analytics during the first quarter worth $2,340,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total value of $54,266.00. Following the completion of the sale, the chief financial officer now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

VRSK has been the subject of a number of recent analyst reports. Morgan Stanley raised their target price on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Barclays boosted their price objective on shares of Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Robert W. Baird increased their target price on shares of Verisk Analytics from $268.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. BMO Capital Markets decreased their price target on 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $278.67.

Verisk Analytics Stock Performance

Verisk Analytics stock opened at $264.65 on Friday. Verisk Analytics, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $287.13. The company has a market capitalization of $37.76 billion, a price-to-earnings ratio of 49.38, a PEG ratio of 3.40 and a beta of 0.86. The stock has a fifty day moving average of $268.93 and a two-hundred day moving average of $260.87. The company has a debt-to-equity ratio of 5.86, a quick ratio of 0.95 and a current ratio of 0.95.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 EPS for the quarter, topping 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 firm had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $722.45 million. During the same quarter last year, the business posted $1.51 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, analysts anticipate that Verisk Analytics, Inc. will post 6.57 EPS for the current fiscal 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.