Victory Capital Management Inc. decreased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 881,543 shares of the business services provider’s stock after selling 2,981 shares during the quarter. Victory Capital Management Inc. owned 0.54% of Verisk Analytics worth $163,359,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB boosted its stake in Verisk Analytics by 156.5% in the second quarter. Nordea Investment Management AB now owns 1,239,770 shares of the business services provider’s stock worth $206,186,000 after buying an additional 756,410 shares in the last quarter. BlackRock Inc. boosted its stake in Verisk Analytics by 3.4% in the second quarter. BlackRock Inc. now owns 13,306,531 shares of the business services provider’s stock worth $2,264,770,000 after buying an additional 439,227 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in Verisk Analytics by 130.6% in the third quarter. NN Investment Partners Holdings N.V. now owns 297,854 shares of the business services provider’s stock worth $55,198,000 after buying an additional 168,711 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Verisk Analytics by 11.8% in the second quarter. Bank of New York Mellon Corp now owns 1,503,325 shares of the business services provider’s stock valued at $255,866,000 after purchasing an additional 158,743 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. bought a new stake in Verisk Analytics in the second quarter valued at approximately $22,466,000. 88.17% of the stock is owned by institutional investors.
NASDAQ:VRSK traded down $1.09 on Tuesday, hitting $204.16. The stock had a trading volume of 2,214 shares, compared to its average volume of 841,227. The stock has a market cap of $33.37 billion, a price-to-earnings ratio of 65.79, a price-to-earnings-growth ratio of 3.69 and a beta of 0.67. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.24. The business’s 50-day simple moving average is $188.97 and its two-hundred day simple moving average is $177.72. Verisk Analytics, Inc. has a 52-week low of $116.61 and a 52-week high of $206.43.
Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Monday, November 9th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.12. The business had revenue of $702.70 million for the quarter, compared to analysts’ expectations of $692.14 million. Verisk Analytics had a return on equity of 36.42% and a net margin of 19.12%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.12 earnings per share. As a group, equities research analysts anticipate that Verisk Analytics, Inc. will post 4.9 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.08 annualized dividend and a yield of 0.53%. Verisk Analytics’s payout ratio is 24.66%.
In other news, CEO Scott G. Stephenson sold 98,513 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $186.23, for a total value of $18,346,075.99. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mark V. Anquillare sold 27,433 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $183.63, for a total value of $5,037,521.79. Following the completion of the transaction, the chief operating officer now directly owns 88,935 shares in the company, valued at approximately $16,331,134.05. The disclosure for this sale can be found here. Insiders sold 245,220 shares of company stock worth $46,148,114 over the last three months. Insiders own 2.55% of the company’s stock.
Several analysts have weighed in on VRSK shares. William Blair reiterated an “outperform” rating on shares of Verisk Analytics in a research report on Thursday, November 5th. Morgan Stanley boosted their price objective on Verisk Analytics from $209.00 to $217.00 and gave the company an “overweight” rating in a research report on Friday, November 6th. Credit Suisse Group boosted their price objective on Verisk Analytics from $190.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday, November 6th. BidaskClub upgraded Verisk Analytics from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. Finally, BMO Capital Markets upped their target price on Verisk Analytics from $181.00 to $196.00 and gave the company a “market perform” rating in a report on Monday, November 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Verisk Analytics currently has an average rating of “Hold” and a consensus target price of $181.77.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, commercial banking and finance, and various other fields.
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