NorthCrest Asset Manangement LLC Sells 79 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

NorthCrest Asset Manangement LLC decreased its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,990 shares of the business services provider’s stock after selling 79 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Verisk Analytics were worth $1,605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in VRSK. Forsta AP Fonden lifted its position in shares of Verisk Analytics by 9.3% in the 3rd quarter. Forsta AP Fonden now owns 45,900 shares of the business services provider’s stock worth $12,299,000 after purchasing an additional 3,900 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Verisk Analytics by 18.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,929 shares of the business services provider’s stock worth $9,494,000 after buying an additional 5,557 shares in the last quarter. Outlook Wealth Advisors LLC lifted its holdings in Verisk Analytics by 3.3% in the third quarter. Outlook Wealth Advisors LLC now owns 1,422 shares of the business services provider’s stock worth $381,000 after buying an additional 46 shares during the period. Values First Advisors Inc. bought a new stake in Verisk Analytics during the 3rd quarter valued at approximately $136,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Verisk Analytics by 26,695.7% during the 3rd quarter. International Assets Investment Management LLC now owns 31,083 shares of the business services provider’s stock worth $8,329,000 after acquiring an additional 30,967 shares during the period. Institutional investors own 90.00% of the company’s stock.

Wall Street Analysts Forecast Growth

VRSK has been the subject of a number of research analyst reports. Barclays raised their target price on Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley boosted their target price on shares of Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Robert W. Baird upped their target price on shares of Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada upped their price objective on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $278.67.

Verisk Analytics Price Performance

Shares of VRSK opened at $264.65 on Friday. Verisk Analytics, Inc. has a twelve month low of $215.32 and a twelve month high of $287.13. The company has a market capitalization of $37.76 billion, a P/E ratio of 49.38, a price-to-earnings-growth ratio of 3.40 and a beta of 0.86. The firm has a 50 day moving average of $268.93 and a 200 day moving average of $260.87. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 5.86.

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

Insiders Place Their Bets

In other news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total transaction of $54,266.00. Following the sale, the chief financial officer now owns 15,808 shares of the company’s stock, 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 through this link. 0.40% of the stock is owned by insiders.

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.