New York State Common Retirement Fund Trims Stock Position in Verisk Analytics, Inc. $VRSK

New York State Common Retirement Fund trimmed its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 11.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,514 shares of the business services provider’s stock after selling 10,817 shares during the quarter. New York State Common Retirement Fund’s holdings in Verisk Analytics were worth $21,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Verisk Analytics by 1.0% during the second quarter. Vanguard Group Inc. now owns 16,894,802 shares of the business services provider’s stock worth $5,262,731,000 after purchasing an additional 161,213 shares during the period. Geode Capital Management LLC raised its position in Verisk Analytics by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,011,295 shares of the business services provider’s stock worth $1,249,900,000 after buying an additional 33,213 shares during the last quarter. Norges Bank acquired a new stake in shares of Verisk Analytics in the 2nd quarter worth $556,192,000. Parnassus Investments LLC boosted its holdings in shares of Verisk Analytics by 31.8% in the third quarter. Parnassus Investments LLC now owns 1,492,715 shares of the business services provider’s stock valued at $375,433,000 after acquiring an additional 360,419 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Verisk Analytics by 4.6% during the second quarter. Franklin Resources Inc. now owns 1,333,337 shares of the business services provider’s stock worth $415,334,000 after acquiring an additional 58,772 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Verisk Analytics Stock Up 0.4%

VRSK opened at $217.46 on Friday. The business’s fifty day moving average is $220.50 and its two-hundred day moving average is $241.45. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $30.31 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 3.08 and a beta of 0.81. Verisk Analytics, Inc. has a one year low of $196.99 and a one year high of $322.92.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. Verisk Analytics had a return on equity of 425.42% and a net margin of 30.42%.The business had revenue of $768.30 million during the quarter, compared to analysts’ expectations of $776.04 million. During the same quarter last year, the business posted $1.67 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VRSK shares. Argus downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating in a research report on Friday, November 14th. Rothschild & Co Redburn restated a “sell” rating and issued a $220.00 price target (down from $280.00) on shares of Verisk Analytics in a research note on Thursday, October 16th. Wells Fargo & Company dropped their price objective on Verisk Analytics from $334.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Rothschild Redb cut Verisk Analytics from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 16th. Finally, Barclays raised shares of Verisk Analytics from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $310.00 to $275.00 in a research note on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $278.64.

Insider Activity

In related news, CEO Lee Shavel sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $216.99, for a total value of $238,689.00. Following the sale, the chief executive officer owned 77,807 shares of the company’s stock, valued at approximately $16,883,340.93. This represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elizabeth Mann sold 300 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $219.54, for a total value of $65,862.00. Following the sale, the chief financial officer owned 14,265 shares in the company, valued at approximately $3,131,738.10. This trade represents a 2.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,700 shares of company stock worth $369,648 in the last ninety days. Insiders own 0.46% of the company’s stock.

Verisk Analytics Company Profile

Verisk Analytics, Inc (NASDAQ: VRSK) is a data analytics and decision?support provider that helps organizations assess and manage risk. The company supplies data, predictive models and software to customers in insurance, reinsurance, financial services, government, energy and other commercial markets. Its offerings are designed to support underwriting, pricing, claims management, catastrophe modeling, fraud detection and regulatory compliance, enabling clients to make more informed operational and strategic decisions.

Verisk’s product portfolio combines large proprietary datasets with analytics platforms and industry?specific applications.