Akre Capital Management Lowers stake in Verisk Analytics (VRSK)

Verisk Analytics (VRSK) : Akre Capital Management reduced its stake in Verisk Analytics by 0.01% during the most recent quarter end. The investment management company now holds a total of 2,586,228 shares of Verisk Analytics which is valued at $210,570,684 after selling 216 shares in Verisk Analytics , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Verisk Analytics makes up approximately 3.98% of Akre Capital Management’s portfolio.

Other Hedge Funds, Including , Poplar Forest Capital sold out all of its stake in VRSK during the most recent quarter. The investment firm sold 21,465 shares of VRSK which is valued $1,747,680.Ycg boosted its stake in VRSK in the latest quarter, The investment management firm added 8,212 additional shares and now holds a total of 100,433 shares of Verisk Analytics which is valued at $8,177,255. Verisk Analytics makes up approx 2.53% of Ycg’s portfolio. Navellier Associates Inc sold out all of its stake in VRSK during the most recent quarter. The investment firm sold 3,557 shares of VRSK which is valued $282,533.

Verisk Analytics closed down -0.04 points or -0.05% at $83.1 with 4,76,519 shares getting traded on Monday. Post opening the session at $83.07, the shares hit an intraday low of $83 and an intraday high of $83.44 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Verisk Analytics reported $0.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.76. The company had revenue of $498.30 million for the quarter, compared to analysts expectations of $504.47 million. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on Verisk Analytics. Macquarie Initiated Verisk Analytics on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $88.

Verisk Analytics Inc. is a provider of information about risk to professionals in insurance healthcare financial services Government supply chain and risk management. The Company provides predictive analytics and decision-support solutions in fraud prevention actuarial science insurance coverages fire protection catastrophe and weather risk profitability optimization data management among others. The Company operates in two segments: Risk Assessment and Decision Analytics. The Company’s Risk Assessment segment serves its P&C insurance customers and focuses on the first two decision making processes in its Risk Analysis Framework: prediction of loss and selection and pricing of risk. The Company’s Decision Analytics segment provides P&C insurance solutions to P&C insurers in the United States.

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