Vanguard Group Inc. increased its stake in Verisk Analytics, Inc. by 2.1% in the third quarter, now owning 17,241,327 shares valued at approximately $4.34 billion. Other institutional investors like Norges Bank and Parnassus Investments also significantly increased their positions, bringing institutional ownership to about 90%. While Verisk has entered a strategic partnership with S&P Global Energy, analyst opinions are mixed, with a consensus “Hold” rating and a potential for near-term EPS pressure according to Zacks.
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Vanguard Group Inc. Boosts Stock Position in Verisk Analytics, Inc. $VRSK
Vanguard Group Inc. increased its stake in Verisk Analytics, Inc. by 2.1% in the third quarter, now owning 17,241,327 shares valued at approximately $4.34 billion. Other institutional investors like Norges Bank and Parnassus Investments also significantly increased their positions, bringing institutional ownership to about 90%. While Verisk has entered a strategic partnership with S&P Global Energy, analyst opinions are mixed, with a consensus “Hold” rating and a potential for near-term EPS pressure according to Zacks.