Private Advisor Group LLC raised its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 17.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,149 shares of the business services provider’s stock after acquiring an additional 5,562 shares during the quarter. Private Advisor Group LLC’s holdings in Verisk Analytics were worth $4,017,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Verisk Analytics by 3.8% in the first quarter. BlackRock Inc. now owns 10,125,955 shares of the business services provider’s stock valued at $1,053,100,000 after buying an additional 374,103 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Verisk Analytics by 17.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,747,411 shares of the business services provider’s stock valued at $726,290,000 after buying an additional 987,698 shares during the period. 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 valued at $288,485,000 after purchasing an additional 858,233 shares during the period. 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 valued at $199,211,000 after purchasing an additional 15,418 shares during the period. Finally, American Century Companies Inc. increased its position in Verisk Analytics by 0.9% during the 2nd quarter. American Century Companies Inc. now owns 1,789,012 shares of the business services provider’s stock valued at $192,569,000 after purchasing an additional 15,943 shares during the period. 92.34% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Scott G. Stephenson sold 18,063 shares of Verisk Analytics stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $119.26, for a total transaction of $2,154,193.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vincent De P. Mccarthy sold 3,090 shares of Verisk Analytics stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $117.43, for a total value of $362,858.70. Following the completion of the sale, the insider now directly owns 37,127 shares of the company’s stock, valued at approximately $4,359,823.61. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 996 shares of company stock worth $112,124 and have sold 574,864 shares worth $64,753,162. Insiders own 3.19% of the company’s stock.

VRSK has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Tuesday, July 17th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $115.00 price objective on shares of Verisk Analytics in a research report on Thursday, July 19th. BidaskClub downgraded shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Morgan Stanley raised their price objective on shares of Verisk Analytics from $108.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, August 2nd. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $109.00 price objective on shares of Verisk Analytics in a research report on Wednesday, August 1st. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $106.15.

Shares of NASDAQ:VRSK opened at $120.43 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.99. Verisk Analytics, Inc. has a 1-year low of $80.32 and a 1-year high of $121.82. The firm has a market cap of $19.77 billion, a price-to-earnings ratio of 37.47, a P/E/G ratio of 2.28 and a beta of 0.66.

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

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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