Mirae Asset Global Investments Co. Ltd. Grows Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 18.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,929 shares of the business services provider’s stock after acquiring an additional 5,557 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Verisk Analytics were worth $9,494,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VRSK. Legal & General Group Plc raised its position in shares of Verisk Analytics by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock valued at $436,204,000 after purchasing an additional 111,364 shares during the period. TD Asset Management Inc lifted its position in shares of Verisk Analytics by 5.5% in the second quarter. TD Asset Management Inc now owns 1,502,614 shares of the business services provider’s stock valued at $405,030,000 after acquiring an additional 78,008 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd boosted its stake in shares of Verisk Analytics by 1.1% in the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,137,069 shares of the business services provider’s stock worth $268,041,000 after acquiring an additional 12,231 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Verisk Analytics by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,103,628 shares of the business services provider’s stock worth $297,491,000 after acquiring an additional 85,202 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Verisk Analytics by 6.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 613,185 shares of the business services provider’s stock worth $165,284,000 after purchasing an additional 38,258 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Buying and Selling

In related news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total value of $54,266.00. Following the sale, the chief financial officer now directly owns 15,808 shares of the company’s stock, valued at $4,289,184.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Verisk Analytics Price Performance

NASDAQ:VRSK opened at $264.65 on Monday. The firm has a market capitalization of $37.76 billion, a price-to-earnings ratio of 49.38, a PEG ratio of 3.40 and a beta of 0.86. The company has a debt-to-equity ratio of 5.86, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $268.93 and a 200-day simple moving average of $261.12. Verisk Analytics, Inc. has a 1 year low of $215.32 and a 1 year high of $287.13.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.10. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The company had revenue of $716.80 million during the quarter, compared to the consensus estimate of $722.45 million. During the same period last year, the company earned $1.51 earnings per share. Verisk Analytics’s revenue was up 6.2% on a year-over-year basis. Equities analysts forecast that Verisk Analytics, Inc. will post 6.57 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.