Allianz Asset Management GmbH Sells 4,799 Shares of Verisk Analytics, Inc. $VRSK

Allianz Asset Management GmbH cut its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 32.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,894 shares of the business services provider’s stock after selling 4,799 shares during the quarter. Allianz Asset Management GmbH’s holdings in Verisk Analytics were worth $2,488,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Verisk Analytics in the second quarter valued at $556,192,000. Navera Investment Management Ltd. bought a new position in Verisk Analytics in the 3rd quarter valued at about $110,017,000. Parnassus Investments LLC boosted its stake in Verisk Analytics by 31.8% during the 3rd quarter. Parnassus Investments LLC now owns 1,492,715 shares of the business services provider’s stock valued at $375,433,000 after purchasing an additional 360,419 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Verisk Analytics by 70.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 552,736 shares of the business services provider’s stock worth $172,177,000 after purchasing an additional 227,738 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Verisk Analytics by 27.6% in the second quarter. Mackenzie Financial Corp now owns 806,170 shares of the business services provider’s stock worth $251,122,000 after purchasing an additional 174,577 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Transactions at Verisk Analytics

In related news, CEO Lee Shavel sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.99, for a total transaction of $238,689.00. Following the sale, the chief executive officer owned 77,807 shares of the company’s stock, valued at approximately $16,883,340.93. This represents a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Elizabeth Mann sold 300 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $219.54, for a total transaction of $65,862.00. Following the completion of the sale, the chief financial officer owned 14,265 shares in the company, valued at $3,131,738.10. This represents a 2.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,700 shares of company stock valued at $369,648 in the last ninety days. Insiders own 0.46% of the company’s stock.

Verisk Analytics Stock Up 2.5%

VRSK opened at $173.77 on Thursday. The company has a 50 day moving average of $214.35 and a 200 day moving average of $235.06. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.55. Verisk Analytics, Inc. has a 12 month low of $164.88 and a 12 month high of $322.92. The company has a market cap of $24.22 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 2.39 and a beta of 0.79.

Analysts Set New Price Targets

Several brokerages recently issued reports on VRSK. Wall Street Zen raised Verisk Analytics from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Wolfe Research reaffirmed an “outperform” rating on shares of Verisk Analytics in a report on Monday, December 29th. Barclays upgraded shares of Verisk Analytics from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $310.00 to $275.00 in a report on Thursday, October 30th. JPMorgan Chase & Co. reduced their price objective on shares of Verisk Analytics from $315.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Morgan Stanley dropped their target price on shares of Verisk Analytics from $290.00 to $270.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Verisk Analytics has an average rating of “Hold” and an average target price of $269.57.

Verisk Analytics Company Profile

Verisk Analytics, Inc (NASDAQ: VRSK) is a data analytics and decision‑support provider that helps organizations assess and manage risk. The company supplies data, predictive models and software to customers in insurance, reinsurance, financial services, government, energy and other commercial markets. Its offerings are designed to support underwriting, pricing, claims management, catastrophe modeling, fraud detection and regulatory compliance, enabling clients to make more informed operational and strategic decisions.

Verisk’s product portfolio combines large proprietary datasets with analytics platforms and industry‑specific applications.