Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by Tobam

Tobam decreased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 36.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291 shares of the business services provider’s stock after selling 167 shares during the period. Tobam’s holdings in Verisk Analytics were worth $78,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Nomura Holdings Inc. acquired a new position in Verisk Analytics in the fourth quarter valued at $698,000. Vanguard Group Inc. lifted its holdings in shares of Verisk Analytics by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 16,407,133 shares of the business services provider’s stock valued at $3,919,008,000 after purchasing an additional 170,620 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Verisk Analytics by 1.2% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 362,915 shares of the business services provider’s stock valued at $85,550,000 after purchasing an additional 4,147 shares during the period. Diversified Trust Co purchased a new position in Verisk Analytics during the 2nd quarter worth approximately $1,325,000. Finally, Global Assets Advisory LLC purchased a new position in Verisk Analytics during the 1st quarter worth approximately $11,582,000. 90.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $277.38, for a total value of $55,476.00. Following the completion of the transaction, the chief financial officer now directly owns 16,408 shares of the company’s stock, valued at approximately $4,551,251.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Verisk Analytics Trading Down 0.0 %

NASDAQ VRSK opened at $268.23 on Friday. The stock has a market capitalization of $38.20 billion, a P/E ratio of 43.54, a P/E/G ratio of 3.52 and a beta of 0.86. Verisk Analytics, Inc. has a 52-week low of $215.32 and a 52-week high of $287.13. The firm has a 50-day moving average price of $268.21 and a 200 day moving average price of $257.88. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 5.86.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.10. The firm had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $722.45 million. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.51 earnings per share. Equities research analysts expect that Verisk Analytics, Inc. will post 6.57 EPS for the current year.

Verisk Analytics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Sunday, September 15th were issued a $0.39 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.58%. Verisk Analytics’s dividend payout ratio (DPR) is presently 25.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Robert W. Baird increased their price target on shares of Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. UBS Group upped their target price on shares of Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Evercore ISI reiterated an “in-line” rating and set a $279.00 target price on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $276.69.

Verisk Analytics Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.