Envestnet Asset Management Inc. Sells 35,183 Shares of Verisk Analytics, Inc. $VRSK

Envestnet Asset Management Inc. cut its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 435,191 shares of the business services provider’s stock after selling 35,183 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Verisk Analytics were worth $135,562,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Voya Investment Management LLC raised its holdings in Verisk Analytics by 24.1% in the 1st quarter. Voya Investment Management LLC now owns 303,480 shares of the business services provider’s stock worth $90,076,000 after purchasing an additional 58,954 shares in the last quarter. Insight Wealth Strategies LLC bought a new position in shares of Verisk Analytics in the 2nd quarter worth about $3,860,000. Dakota Wealth Management increased its stake in shares of Verisk Analytics by 24.0% in the 2nd quarter. Dakota Wealth Management now owns 21,745 shares of the business services provider’s stock worth $6,774,000 after acquiring an additional 4,206 shares in the last quarter. Swedbank AB increased its stake in shares of Verisk Analytics by 1.8% in the 1st quarter. Swedbank AB now owns 108,792 shares of the business services provider’s stock worth $32,379,000 after acquiring an additional 1,903 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Verisk Analytics in the 1st quarter worth about $202,000. 90.00% of the stock is currently owned by institutional investors.

Insider Activity at Verisk Analytics

In other news, CEO Lee Shavel sold 1,100 shares of Verisk Analytics stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $268.01, for a total value of $294,811.00. Following the completion of the sale, the chief executive officer directly owned 78,907 shares in the company, valued at $21,147,865.07. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $242.23, for a total transaction of $72,669.00. Following the completion of the sale, the chief financial officer owned 14,865 shares of the company’s stock, valued at $3,600,748.95. This represents a 1.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 8,520 shares of company stock valued at $2,255,396. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

VRSK has been the subject of several research reports. UBS Group decreased their price target on shares of Verisk Analytics from $320.00 to $300.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Seaport Res Ptn upgraded shares of Verisk Analytics to a “strong-buy” rating in a research note on Wednesday, October 1st. Rothschild Redb lowered shares of Verisk Analytics from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Morgan Stanley increased their price target on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Finally, Evercore ISI decreased their price target on shares of Verisk Analytics from $292.00 to $262.00 and set an “in-line” rating for the company in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $299.33.

Verisk Analytics Stock Performance

Shares of NASDAQ VRSK opened at $232.13 on Wednesday. The firm’s 50-day moving average price is $251.87 and its 200-day moving average price is $282.04. Verisk Analytics, Inc. has a 52-week low of $228.09 and a 52-week high of $322.92. The company has a market cap of $32.43 billion, a PE ratio of 35.77, a PEG ratio of 3.07 and a beta of 0.85. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 10.34.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The firm had revenue of $772.60 million during the quarter, compared to analyst estimates of $767.91 million. During the same period in the previous year, the business posted $1.74 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

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.