Sumitomo Mitsui Trust Group Inc. Sells 14,547 Shares of Verisk Analytics, Inc. $VRSK

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,955 shares of the business services provider’s stock after selling 14,547 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Verisk Analytics worth $45,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. XXEC Inc. purchased a new stake in shares of Verisk Analytics in the second quarter valued at approximately $992,675,000. BlackRock Inc. bought a new stake in Verisk Analytics during the 2nd quarter valued at $1,852,678,000. Bamco Inc. NY purchased a new stake in shares of Verisk Analytics in the 2nd quarter worth $844,259,000. Principal Financial Group Inc. grew its position in shares of Verisk Analytics by 34.9% during the 1st quarter. Principal Financial Group Inc. now owns 1,567,509 shares of the business services provider’s stock worth $297,443,000 after buying an additional 405,824 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new position in shares of Verisk Analytics during the second quarter valued at $266,201,000. 90.00% of the stock is owned by hedge funds and other institutional investors.

Verisk Analytics Stock Up 0.4%

Shares of Verisk Analytics stock opened at $197.85 on Thursday. The company has a 50 day moving average price of $182.18 and a 200 day moving average price of $186.45. The firm has a market capitalization of $25.75 billion, a P/E ratio of 26.84, a PEG ratio of 2.22 and a beta of 0.65. Verisk Analytics, Inc. has a 52 week low of $155.94 and a 52 week high of $227.16.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $184.85, for a total transaction of $73,940.00. Following the completion of the transaction, the chief financial officer directly owned 17,584 shares of the company’s stock, valued at approximately $3,250,402.40. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lee Shavel sold 3,535 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $194.74, for a total transaction of $688,405.90. Following the completion of the sale, the chief executive officer directly owned 98,490 shares in the company, valued at $19,179,942.60. This trade represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,805 shares of company stock valued at $2,195,489 in the last ninety days. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VRSK shares. Barclays lowered their price objective on shares of Verisk Analytics from $275.00 to $225.00 and set an “overweight” rating for the company in a research note on Tuesday, September 8th. Morgan Stanley lowered their price target on shares of Verisk Analytics from $235.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. Robert W. Baird set a $247.00 price objective on shares of Verisk Analytics in a report on Thursday, July 30th. Wells Fargo & Company boosted their price objective on shares of Verisk Analytics from $240.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Verisk Analytics in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.79.

Verisk Analytics Profile

Verisk Analytics, Inc (NASDAQ: VRSK), doing business as Verisk, is a global data analytics and technology company serving the insurance industry and other risk-focused markets. Its platforms help organizations use data, statistical models and workflow tools to evaluate risk, make decisions and improve operational efficiency.

Verisk’s insurance offerings support underwriting, pricing, claims management, fraud detection, catastrophe modeling and regulatory compliance. Its products include industry data, predictive analytics, property and casualty risk solutions, claims-estimating tools and information used by insurers to assess property, vehicles, businesses and other exposures.