InterOcean Capital Group LLC Lowers Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

InterOcean Capital Group LLC reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 15.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,752 shares of the business services provider’s stock after selling 325 shares during the period. InterOcean Capital Group LLC’s holdings in Verisk Analytics were worth $413,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Verisk Analytics by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 16,407,133 shares of the business services provider’s stock worth $3,919,008,000 after buying an additional 170,620 shares in the last quarter. Norges Bank bought a new stake in Verisk Analytics during the fourth quarter worth approximately $374,530,000. TD Asset Management Inc increased its stake in Verisk Analytics by 6.1% during the first quarter. TD Asset Management Inc now owns 1,424,606 shares of the business services provider’s stock worth $335,822,000 after acquiring an additional 81,885 shares during the last quarter. Franklin Resources Inc. increased its stake in Verisk Analytics by 90.5% during the fourth quarter. Franklin Resources Inc. now owns 1,141,516 shares of the business services provider’s stock worth $272,663,000 after acquiring an additional 542,432 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Verisk Analytics by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 985,803 shares of the business services provider’s stock worth $235,463,000 after acquiring an additional 80,146 shares during the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Verisk Analytics Stock Down 0.2 %

Shares of VRSK traded down $0.65 during midday trading on Thursday, hitting $275.90. 681,125 shares of the company’s stock traded hands, compared to its average volume of 841,004. Verisk Analytics, Inc. has a 1 year low of $215.32 and a 1 year high of $282.21. The firm’s fifty day moving average is $265.87 and its 200-day moving average is $247.06. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 9.94. The stock has a market capitalization of $39.37 billion, a price-to-earnings ratio of 52.30, a price-to-earnings-growth ratio of 3.46 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.52 by $0.11. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The firm had revenue of $704.00 million during the quarter, compared to analyst estimates of $699.07 million. During the same quarter in the prior year, the business posted $1.29 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.55 earnings per share for the current year.

Insider Activity

In other news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the sale, the chief financial officer now owns 16,608 shares in the company, valued at approximately $4,356,444.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Nicholas Daffan sold 1,511 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the transaction, the insider now directly owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $262.31, for a total value of $52,462.00. Following the completion of the transaction, the chief financial officer now directly owns 16,608 shares in the company, valued at $4,356,444.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,237 shares of company stock worth $572,739. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group boosted their price objective on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. BMO Capital Markets boosted their price objective on Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Finally, Evercore ISI upped their target price on Verisk Analytics from $250.00 to $260.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Nine investment 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, the stock has a consensus rating of “Hold” and an average target price of $258.54.

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.