Bristol John W & Co. Inc. NY Takes Position in Verisk Analytics, Inc. (VRSK)

Bristol John W & Co. Inc. NY acquired a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 331,228 shares of the business services provider’s stock, valued at approximately $34,448,000. Bristol John W & Co. Inc. NY owned about 0.20% of Verisk Analytics as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Verisk Analytics by 3.8% in the first quarter. BlackRock Inc. now owns 10,125,955 shares of the business services provider’s stock valued at $1,053,100,000 after acquiring an additional 374,103 shares during the period. Parnassus Investments CA raised its stake in shares of Verisk Analytics by 1.1% in the fourth quarter. Parnassus Investments CA now owns 6,424,319 shares of the business services provider’s stock valued at $616,735,000 after acquiring an additional 71,746 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Verisk Analytics by 26.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,759,713 shares of the business services provider’s stock valued at $599,010,000 after acquiring an additional 1,206,737 shares during the period. Franklin Resources Inc. raised its stake in shares of Verisk Analytics by 44.8% in the first quarter. Franklin Resources Inc. now owns 2,773,570 shares of the business services provider’s stock valued at $288,485,000 after acquiring an additional 858,233 shares during the period. Finally, Mawer Investment Management Ltd. raised its stake in shares of Verisk Analytics by 1.4% in the first quarter. Mawer Investment Management Ltd. now owns 1,835,505 shares of the business services provider’s stock valued at $190,777,000 after acquiring an additional 26,218 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.

In other news, SVP Vincent De P. Mccarthy sold 35,000 shares of the firm’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $109.06, for a total value of $3,817,100.00. Following the sale, the senior vice president now directly owns 69,037 shares in the company, valued at approximately $7,529,175.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Wright sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $109.48, for a total transaction of $547,400.00. The disclosure for this sale can be found here. In the last three months, insiders have acquired 1,058 shares of company stock worth $113,251 and have sold 301,245 shares worth $32,063,863. Company insiders own 3.19% of the company’s stock.

VRSK has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Verisk Analytics from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research note on Monday, February 26th. Keefe, Bruyette & Woods set a $112.00 price target on shares of Verisk Analytics and gave the stock a “buy” rating in a research note on Friday, February 23rd. ValuEngine raised shares of Verisk Analytics from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. SunTrust Banks raised their price target on shares of Verisk Analytics to $105.00 and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Finally, Morgan Stanley set a $107.00 price target on shares of Verisk Analytics and gave the stock a “hold” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Verisk Analytics has a consensus rating of “Buy” and a consensus target price of $104.36.

NASDAQ VRSK traded up $0.27 during trading on Thursday, reaching $109.97. 482,300 shares of the company’s stock traded hands, compared to its average volume of 917,510. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $18.00 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.02 and a beta of 0.68. Verisk Analytics, Inc. has a 12-month low of $78.97 and a 12-month high of $110.32.

Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Tuesday, May 1st. The business services provider reported $0.94 EPS for the quarter, meeting analysts’ consensus estimates of $0.94. The business had revenue of $581.00 million for the quarter, compared to the consensus estimate of $565.41 million. Verisk Analytics had a net margin of 26.05% and a return on equity of 31.75%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. equities analysts expect that Verisk Analytics, Inc. will post 4.1 earnings per share for the current fiscal year.

About Verisk Analytics

Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.

Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust. In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours. According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days. Amazon’s audit In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved. Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books. Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.

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