Mirae Asset Global Investments Co. Ltd. Buys 5,557 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Mirae Asset Global Investments Co. Ltd. grew its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 18.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,929 shares of the business services provider’s stock after acquiring an additional 5,557 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Verisk Analytics were worth $9,494,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Verisk Analytics by 1.2% in 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 purchasing an additional 4,147 shares in the last quarter. Diversified Trust Co purchased a new position in shares of Verisk Analytics during the second quarter valued at $1,325,000. OFI Invest Asset Management increased its stake in shares of Verisk Analytics by 2,181.7% during the second 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 bought a new stake in shares of Verisk Analytics in the first quarter valued at about $1,115,000. Finally, Twin Tree Management LP purchased a new stake in Verisk Analytics in the first quarter worth about $2,340,000. 90.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the completion of the transaction, the chief financial officer now owns 15,808 shares in the company, valued at $4,289,184.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on VRSK. UBS Group raised their target price on shares of Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Royal Bank of Canada boosted their price objective on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Barclays increased their target price on Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Evercore ISI reissued an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Finally, Robert W. Baird raised their price objective on Verisk Analytics from $268.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $278.67.

Verisk Analytics Price Performance

Shares of VRSK stock opened at $264.65 on Monday. 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 debt-to-equity ratio of 5.86, a quick ratio of 0.95 and a current ratio of 0.95. The firm 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’s 50-day simple moving average is $268.93 and its 200-day simple moving average is $261.12.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.10. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The company had revenue of $716.80 million for the quarter, compared to the consensus estimate of $722.45 million. During the same quarter in the previous year, the firm earned $1.51 EPS. Verisk Analytics’s revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts forecast that Verisk Analytics, Inc. will post 6.57 earnings per share 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.