Lecap Asset Management Ltd. Makes New Investment in Verisk Analytics, Inc. (NASDAQ:VRSK)

Lecap Asset Management Ltd. acquired a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,943 shares of the business services provider’s stock, valued at approximately $4,540,000. Verisk Analytics accounts for 1.0% of Lecap Asset Management Ltd.’s portfolio, making the stock its 7th biggest holding.

Several other hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Verisk Analytics during the second quarter valued at about $31,000. Chilton Capital Management LLC bought a new stake in shares of Verisk Analytics during the second quarter valued at approximately $34,000. Riverview Trust Co bought a new stake in shares of Verisk Analytics during the first quarter valued at approximately $40,000. Rothschild Investment LLC acquired a new position in shares of Verisk Analytics in the second quarter valued at $41,000. Finally, Kings Path Partners LLC bought a new position in Verisk Analytics in the second quarter worth $46,000. 90.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Verisk Analytics

In other news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total transaction of $54,266.00. Following the transaction, the chief financial officer now directly owns 15,808 shares in the company, valued at approximately $4,289,184.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

Verisk Analytics Trading Down 0.2 %

VRSK stock opened at $267.59 on Wednesday. The business has a fifty day moving average price of $269.03 and a 200 day moving average price of $260.31. The company has a debt-to-equity ratio of 5.86, a current ratio of 0.95 and a quick ratio of 0.95. Verisk Analytics, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $287.13. The stock has a market capitalization of $38.18 billion, a price-to-earnings ratio of 49.92, a P/E/G ratio of 3.40 and a beta of 0.86.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on VRSK. Robert W. Baird increased their price objective on shares of Verisk Analytics from $268.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Morgan Stanley increased their price target on shares of Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Evercore ISI reaffirmed an “in-line” rating and set a $279.00 price objective on shares of Verisk Analytics in a report on Wednesday, October 2nd. UBS Group upped their price objective on Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Finally, Barclays raised their target price on Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $278.67.

Verisk Analytics 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.