KCM Investment Advisors LLC Grows Holdings in Verisk Analytics, Inc. (VRSK)

KCM Investment Advisors LLC grew its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,690 shares of the business services provider’s stock after buying an additional 350 shares during the period. KCM Investment Advisors LLC’s holdings in Verisk Analytics were worth $733,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Dock Street Asset Management Inc. grew its stake in Verisk Analytics by 40.1% in the 2nd quarter. Dock Street Asset Management Inc. now owns 81,080 shares of the business services provider’s stock worth $6,841,000 after buying an additional 23,192 shares in the last quarter. Sandia Holdings LLC grew its stake in Verisk Analytics by 12.7% in the 1st quarter. Sandia Holdings LLC now owns 167,073 shares of the business services provider’s stock worth $13,556,000 after buying an additional 18,773 shares in the last quarter. Rockefeller Financial Services Inc. grew its stake in Verisk Analytics by 25.5% in the 2nd quarter. Rockefeller Financial Services Inc. now owns 3,794 shares of the business services provider’s stock worth $320,000 after buying an additional 772 shares in the last quarter. Prudential Financial Inc. grew its stake in Verisk Analytics by 0.6% in the 1st quarter. Prudential Financial Inc. now owns 216,456 shares of the business services provider’s stock worth $17,563,000 after buying an additional 1,370 shares in the last quarter. Finally, Morgan Stanley grew its stake in Verisk Analytics by 3.7% in the 1st quarter. Morgan Stanley now owns 3,787,126 shares of the business services provider’s stock worth $307,286,000 after buying an additional 136,729 shares in the last quarter. 93.33% of the stock is owned by institutional investors and hedge funds.

In related news, Director Andrew G. Mills sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $83.47, for a total value of $250,410.00. Following the sale, the director now owns 107,666 shares in the company, valued at $8,986,881.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Wright sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $80.82, for a total transaction of $808,200.00. Following the completion of the sale, the director now owns 13,951 shares in the company, valued at approximately $1,127,519.82. The disclosure for this sale can be found here. Insiders sold 17,304 shares of company stock worth $1,413,638 in the last 90 days. 3.41% of the stock is currently owned by company insiders.

Shares of Verisk Analytics, Inc. (NASDAQ:VRSK) traded up 0.42% during midday trading on Friday, hitting $81.03. 1,191,693 shares of the stock were exchanged. The company has a market capitalization of $13.33 billion, a P/E ratio of 29.45 and a beta of 0.68. The firm has a 50-day moving average of $81.81 and a 200-day moving average of $81.73. Verisk Analytics, Inc. has a 1-year low of $75.60 and a 1-year high of $88.17.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. The company had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $519.67 million. During the same quarter in the previous year, the business posted $0.73 earnings per share. Verisk Analytics’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Verisk Analytics, Inc. will post $3.14 EPS for the current year.

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A number of equities analysts have commented on VRSK shares. Royal Bank Of Canada reissued a “hold” rating on shares of Verisk Analytics in a research note on Friday, August 4th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Verisk Analytics in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods set a $90.00 price objective on shares of Verisk Analytics and gave the company a “buy” rating in a research note on Monday, August 21st. BMO Capital Markets upped their price objective on shares of Verisk Analytics from $81.00 to $83.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Finally, Zacks Investment Research raised shares of Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $85.38.

Verisk Analytics Company Profile

Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.

Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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