E. Ohman J or Asset Management AB Reduces Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

E. Ohman J or Asset Management AB lowered its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 9.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,673 shares of the business services provider’s stock after selling 600 shares during the period. E. Ohman J or Asset Management AB’s holdings in Verisk Analytics were worth $1,520,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Epoch Investment Partners Inc. raised its holdings in Verisk Analytics by 60.4% in the second quarter. Epoch Investment Partners Inc. now owns 541,426 shares of the business services provider’s stock valued at $145,941,000 after acquiring an additional 203,951 shares in the last quarter. Swedbank AB acquired a new stake in Verisk Analytics in the first quarter valued at $28,739,000. Acadian Asset Management LLC raised its holdings in Verisk Analytics by 187.1% in the second quarter. Acadian Asset Management LLC now owns 171,835 shares of the business services provider’s stock valued at $46,305,000 after acquiring an additional 111,992 shares in the last quarter. Legal & General Group Plc raised its holdings in Verisk Analytics by 7.4% in the second quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock valued at $436,204,000 after acquiring an additional 111,364 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Verisk Analytics by 33.7% in the second quarter. Renaissance Technologies LLC now owns 373,800 shares of the business services provider’s stock valued at $100,758,000 after acquiring an additional 94,300 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction dated Tuesday, October 15th. The shares were 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

Verisk Analytics Stock Down 0.1 %

Verisk Analytics stock opened at $264.65 on Friday. The company has a 50-day simple moving average of $268.97 and a 200-day simple moving average of $260.39. The firm has a market capitalization of $37.76 billion, a P/E ratio of 49.38, a P/E/G ratio of 3.40 and a beta of 0.86. The company has a debt-to-equity ratio of 5.86, a quick ratio of 0.95 and a current ratio of 0.95. Verisk Analytics, Inc. has a one year low of $215.32 and a one year high of $287.13.

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

Analyst Ratings Changes

Several research firms recently issued reports on VRSK. Barclays upped their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Royal Bank of Canada upped their price target on shares of Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Morgan Stanley increased their target price on shares of Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. UBS Group increased their target price on shares of Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Finally, BMO Capital Markets dropped their target price on shares of Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a report on Thursday, August 1st. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Verisk Analytics currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.67.

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.