Pictet Asset Management Ltd. reduced its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 12.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,100 shares of the business services provider’s stock after selling 12,241 shares during the period. Pictet Asset Management Ltd.’s holdings in Verisk Analytics were worth $6,743,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perennial Advisors LLC purchased a new position in Verisk Analytics during the fourth quarter valued at approximately $106,000. Ledyard National Bank raised its stake in shares of Verisk Analytics by 40.4% in the first quarter. Ledyard National Bank now owns 2,085 shares of the business services provider’s stock worth $169,000 after buying an additional 600 shares in the last quarter. Pacad Investment Ltd. bought a new stake in shares of Verisk Analytics during the fourth quarter worth about $211,000. Lloyds Banking Group plc raised its stake in shares of Verisk Analytics by 51.3% in the third quarter. Lloyds Banking Group plc now owns 2,768 shares of the business services provider’s stock worth $224,000 after buying an additional 938 shares in the last quarter. Finally, Conning Inc. raised its stake in shares of Verisk Analytics by 3.1% in the first quarter. Conning Inc. now owns 2,990 shares of the business services provider’s stock worth $243,000 after buying an additional 90 shares in the last quarter. 92.51% of the stock is owned by institutional investors.
Shares of Verisk Analytics, Inc. (VRSK) opened at 81.47 on Tuesday. The company has a 50-day moving average price of $80.42 and a 200-day moving average price of $81.63. Verisk Analytics, Inc. has a 12 month low of $75.60 and a 12 month high of $87.40. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 22.90 and a beta of 0.69.
Several analysts recently weighed in on VRSK shares. Susquehanna Bancshares Inc restated a “neutral” rating on shares of Verisk Analytics in a report on Wednesday, February 15th. Citigroup Inc downgraded Verisk Analytics to a “neutral” rating and set a $89.00 price objective for the company. in a report on Wednesday, February 15th. They noted that the move was a valuation call. Cantor Fitzgerald restated an “overweight” rating on shares of Verisk Analytics in a report on Wednesday, February 22nd. Royal Bank of Canada set a $86.00 target price on shares of Verisk Analytics and gave the stock a “hold” rating in a report on Wednesday, February 22nd. Finally, Zacks Investment Research downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Verisk Analytics currently has a consensus rating of “Hold” and a consensus price target of $86.89. In related news, Director David B. Wright sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $81.00, for a total value of $1,215,000.00. Following the sale, the director now directly owns 7,025 shares in the company, valued at approximately $569,025. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $82.50, for a total value of $247,500.00. Following the completion of the sale, the director now owns 110,666 shares in the company, valued at $9,129,945. The disclosure for this sale can be found here. Insiders have sold a total of 50,989 shares of company stock worth $4,095,185 over the last quarter. Insiders own 3.47% of the company’s stock.
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