Verisk Analytics, Inc. $VRSK Stock: Aware Super Pty Ltd as trustee of Aware Super Grows Position

Key Points

• Aware Super increased its Verisk Analytics stake by 69.3% in the third quarter, adding 34,782 shares to hold 84,940 shares worth about $14.3 million.
• Institutional investors own 90% of Verisk’s shares. Analysts have a “Moderate Buy” consensus rating and an average price target of $224.79.
• Company insiders sold 11,805 shares valued at about $2.2 million over the past three months.

Aware Super Pty Ltd as trustee of Aware Super lifted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 69.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,940 shares of the business services provider's stock after acquiring an additional 34,782 shares during the period. Aware Super Pty Ltd as trustee of Aware Super owned 0.07% of Verisk Analytics worth $14,257,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Verisk Analytics in the 2nd quarter valued at $1,852,678,000. XXEC Inc. purchased a new stake in Verisk Analytics in the second quarter valued at $992,675,000. Bamco Inc. NY purchased a new stake in Verisk Analytics in the second quarter valued at $844,259,000. Principal Financial Group Inc. boosted its stake in Verisk Analytics by 34.9% in the first quarter. Principal Financial Group Inc. now owns 1,567,509 shares of the business services provider's stock valued at $297,443,000 after acquiring an additional 405,824 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new position in Verisk Analytics in the second quarter valued at $266,201,000. Hedge funds and other institutional investors own 90.00% of the company's stock.

Verisk Analytics Price Performance

Verisk Analytics stock opened at $197.00 on Wednesday. The business has a 50 day simple moving average of $181.99 and a 200-day simple moving average of $186.57. Verisk Analytics, Inc. has a 12 month low of $155.94 and a 12 month high of $227.16. The stock has a market capitalization of $25.64 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65.

Insider Buying and Selling at Verisk Analytics

In related news, CEO Lee Shavel sold 3,535 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $193.43, for a total transaction of $683,775.05. Following the completion of the transaction, the chief executive officer directly owned 98,490 shares of the company's stock, valued at $19,050,920.70. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Elizabeth Mann sold 400 shares of the firm's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $184.85, for a total transaction of $73,940.00. Following the completion of the sale, the chief financial officer owned 17,584 shares of the company's stock, valued at approximately $3,250,402.40. The trade was a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,805 shares of company stock worth $2,195,489 over the last three months. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VRSK has been the topic of a number of research analyst reports. UBS Group lifted their target price on Verisk Analytics from $220.00 to $235.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Evercore set a $223.00 target price on Verisk Analytics in a research report on Thursday, July 30th. Robert W. Baird set a $247.00 price target on Verisk Analytics in a research report on Thursday, July 30th. Weiss Ratings upgraded Verisk Analytics from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 25th. Finally, Wells Fargo & Company raised their target price on shares of Verisk Analytics from $240.00 to $260.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $224.79.

About Verisk Analytics

Verisk Analytics, Inc NASDAQ: VRSK, doing business as Verisk, is a global data analytics and technology company serving the insurance industry and other risk-focused markets. Its platforms help organizations use data, statistical models and workflow tools to evaluate risk, make decisions and improve operational efficiency.

Verisk's insurance offerings support underwriting, pricing, claims management, fraud detection, catastrophe modeling and regulatory compliance. Its products include industry data, predictive analytics, property and casualty risk solutions, claims-estimating tools and information used by insurers to assess property, vehicles, businesses and other exposures.

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