Middleton & Co Inc MA trimmed its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,443 shares of the business services provider’s stock after selling 4,763 shares during the period. Verisk Analytics makes up approximately 1.8% of Middleton & Co Inc MA’s investment portfolio, making the stock its 14th largest holding. Middleton & Co Inc MA’s holdings in Verisk Analytics were worth $11,928,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of VRSK. Harvest Group Wealth Management LLC bought a new stake in Verisk Analytics during the first quarter worth about $26,000. Signaturefd LLC raised its stake in Verisk Analytics by 112.8% in the first quarter. Signaturefd LLC now owns 200 shares of the business services provider’s stock valued at $27,000 after buying an additional 106 shares during the period. Glassman Wealth Services raised its stake in Verisk Analytics by 43.4% in the first quarter. Glassman Wealth Services now owns 248 shares of the business services provider’s stock valued at $33,000 after buying an additional 75 shares during the period. Ropes Wealth Advisors LLC bought a new stake in Verisk Analytics in the first quarter valued at approximately $39,000. Finally, Lavaca Capital LLC raised its stake in Verisk Analytics by 789.5% in the first quarter. Lavaca Capital LLC now owns 338 shares of the business services provider’s stock valued at $45,000 after buying an additional 300 shares during the period. Institutional investors own 93.23% of the company’s stock.
In other news, CAO David J. Grover sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $144.25, for a total value of $432,750.00. Following the transaction, the chief accounting officer now owns 9,931 shares of the company’s stock, valued at $1,432,546.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher M. Foskett sold 10,078 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $146.54, for a total value of $1,476,830.12. Following the completion of the transaction, the director now directly owns 20,759 shares in the company, valued at approximately $3,042,023.86. The disclosure for this sale can be found here. 2.71% of the stock is currently owned by corporate insiders.
Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, July 30th. The business services provider reported $1.10 EPS for the quarter, meeting the consensus estimate of $1.10. Verisk Analytics had a return on equity of 33.05% and a net margin of 23.97%. The company had revenue of $652.60 million for the quarter, compared to the consensus estimate of $642.61 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts forecast that Verisk Analytics, Inc. will post 4.42 earnings per share for the current fiscal year.
Several analysts have issued reports on the company. Bank of America upped their price objective on Verisk Analytics from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. SunTrust Banks upped their price objective on Verisk Analytics to $150.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Deutsche Bank set a $137.00 price objective on Verisk Analytics and gave the company a “hold” rating in a research note on Tuesday, April 23rd. UBS Group upped their price objective on Verisk Analytics from $119.00 to $124.00 and gave the company a “sell” rating in a research note on Wednesday, July 10th. Finally, BidaskClub lowered Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Verisk Analytics currently has an average rating of “Hold” and a consensus target price of $138.89.
Verisk Analytics 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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