Louisiana State Employees Retirement System Sells 500 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Louisiana State Employees Retirement System lessened its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,900 shares of the business services provider’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Verisk Analytics were worth $5,064,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in Verisk Analytics during the second quarter worth about $31,000. Chilton Capital Management LLC bought a new stake in Verisk Analytics during the second quarter worth about $34,000. Rothschild Investment LLC bought a new stake in Verisk Analytics during the second quarter worth about $41,000. Kings Path Partners LLC bought a new stake in Verisk Analytics during the second quarter worth about $46,000. Finally, Carolina Wealth Advisors LLC bought a new stake in Verisk Analytics during the third quarter worth about $50,000. Institutional investors own 90.00% of the company’s stock.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Performance

NASDAQ:VRSK opened at $264.65 on Friday. The company has a market capitalization of $37.76 billion, a PE ratio of 49.38, a P/E/G ratio of 3.40 and a beta of 0.86. The company has a 50 day simple moving average of $268.93 and a two-hundred day simple moving average of $260.87. 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 fifty-two week low of $215.32 and a fifty-two week high of $287.13.

Verisk Analytics (NASDAQ:VRSK) last released 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 business had revenue of $716.80 million during the quarter, compared to the consensus estimate of $722.45 million. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.51 EPS. Research analysts anticipate that Verisk Analytics, Inc. will post 6.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VRSK has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. UBS Group boosted their target price on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Barclays boosted their target price on Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Evercore ISI reissued an “in-line” rating and set a $279.00 target price on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their target price on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Verisk Analytics has an average rating of “Moderate Buy” and a consensus price target of $278.67.

About Verisk Analytics

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.