Wedgewood Partners Inc Lowers stake in Verisk Analytics (VRSK)

Verisk Analytics (VRSK) : Wedgewood Partners Inc reduced its stake in Verisk Analytics by 6.23% during the most recent quarter end. The investment management company now holds a total of 2,698,733 shares of Verisk Analytics which is valued at $223,536,054 after selling 179,421 shares in Verisk Analytics , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Verisk Analytics makes up approximately 4.76% of Wedgewood Partners Inc’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership sold out all of its stake in VRSK during the most recent quarter. The investment firm sold 4,100 shares of VRSK which is valued $339,603.Oak Ridge Investments reduced its stake in VRSK by selling 1,229 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 135,608 shares of VRSK which is valued at $11,269,025. Verisk Analytics makes up approx 0.31% of Oak Ridge Investments’s portfolio.Herndon Capital Management reduced its stake in VRSK by selling 5,094 shares or 54.11% in the most recent quarter. The Hedge Fund company now holds 4,320 shares of VRSK which is valued at $358,992. Verisk Analytics makes up approx 0.02% of Herndon Capital Management’s portfolio.Great Lakes Advisors reduced its stake in VRSK by selling 12,059 shares or 37.38% in the most recent quarter. The Hedge Fund company now holds 20,204 shares of VRSK which is valued at $1,678,952. Verisk Analytics makes up approx 0.05% of Great Lakes Advisors’s portfolio.State Treasurer State Of Michigan boosted its stake in VRSK in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 54,800 shares of Verisk Analytics which is valued at $4,505,108. Verisk Analytics makes up approx 0.04% of State Treasurer State Of Michigan’s portfolio.

Verisk Analytics opened for trading at $82.83 and hit $83.53 on the upside on Monday, eventually ending the session at $83.16, with a gain of 0.19% or 0.16 points. The heightened volatility saw the trading volume jump to 19,05,749 shares. Company has a market cap of $13,925 M.

On the company’s financial health, Verisk Analytics reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.75. The company had revenue of $498.10 million for the quarter, compared to analysts expectations of $496.73 million. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 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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