FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,800 shares of the business services provider’s stock, valued at approximately $661,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its position in shares of Verisk Analytics by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,523,191 shares of the business services provider’s stock worth $1,777,279,000 after purchasing an additional 392,945 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Verisk Analytics by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 3,821,265 shares of the business services provider’s stock valued at $731,736,000 after buying an additional 49,928 shares in the last quarter. Morgan Stanley boosted its position in Verisk Analytics by 248.2% in the 4th quarter. Morgan Stanley now owns 3,765,708 shares of the business services provider’s stock valued at $664,346,000 after buying an additional 2,684,234 shares during the period. Brown Advisory Inc. grew its stake in Verisk Analytics by 1.7% in the 2nd quarter. Brown Advisory Inc. now owns 3,057,198 shares of the business services provider’s stock worth $691,019,000 after acquiring an additional 51,374 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Verisk Analytics during the fourth quarter worth approximately $268,659,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. Wells Fargo & Company started coverage on Verisk Analytics in a research note on Monday, October 30th. They issued an “equal weight” rating and a $230.00 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $253.00 price objective (up from $252.00) on shares of Verisk Analytics in a report on Friday, December 8th. Jefferies Financial Group cut shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Raymond James boosted their price target on shares of Verisk Analytics from $255.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Verisk Analytics from $260.00 to $255.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Verisk Analytics has an average rating of “Hold” and an average price target of $247.50.
Verisk Analytics Stock Performance
Shares of NASDAQ:VRSK traded down $1.40 during trading on Thursday, hitting $249.26. The stock had a trading volume of 640,757 shares, compared to its average volume of 751,428. The stock has a 50-day simple moving average of $239.31 and a two-hundred day simple moving average of $237.97. The stock has a market capitalization of $36.14 billion, a price-to-earnings ratio of 73.72, a price-to-earnings-growth ratio of 3.55 and a beta of 0.80. Verisk Analytics, Inc. has a 12-month low of $169.74 and a 12-month high of $251.98. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 7.22.
Insider Buying and Selling at Verisk Analytics
In other Verisk Analytics news, insider Nicholas Daffan sold 1,480 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $242.10, for a total transaction of $358,308.00. Following the transaction, the insider now owns 45,561 shares in the company, valued at $11,030,318.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 3,012 shares of company stock worth $719,304. Company insiders own 1.31% of the company’s stock.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions to the insurance markets in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, and various other fields.
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