Koshinski Asset Management Inc. Cuts Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Koshinski Asset Management Inc. cut its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,456 shares of the business services provider’s stock after selling 150 shares during the period. Koshinski Asset Management Inc.’s holdings in Verisk Analytics were worth $1,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Verisk Analytics during the second quarter valued at about $31,000. Chilton Capital Management LLC acquired a new stake in Verisk Analytics during the 2nd quarter worth approximately $34,000. OFI Invest Asset Management purchased a new position in Verisk Analytics in the first quarter valued at approximately $28,000. Rothschild Investment LLC acquired a new position in Verisk Analytics during the second quarter valued at approximately $41,000. Finally, Riverview Trust Co purchased a new stake in Verisk Analytics during the first quarter worth approximately $40,000. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRSK has been the topic of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $268.00 target price on shares of Verisk Analytics in a research note on Thursday, August 1st. Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft increased their target price on Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Evercore ISI reissued an “in-line” rating and set a $279.00 price target on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Finally, Morgan Stanley lifted their price objective on shares of Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Verisk Analytics currently has an average rating of “Moderate Buy” and an average target price of $276.69.

Verisk Analytics Stock Performance

Shares of VRSK stock opened at $268.23 on Monday. The stock has a market capitalization of $38.27 billion, a price-to-earnings ratio of 50.04, a PEG ratio of 3.41 and a beta of 0.86. Verisk Analytics, Inc. has a one year low of $215.32 and a one year high of $287.13. The company’s 50-day simple moving average is $268.24 and its 200-day simple moving average is $258.49. The company has a debt-to-equity ratio of 5.86, a quick ratio of 0.95 and a current ratio of 0.95.

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

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Sunday, September 15th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, September 13th. Verisk Analytics’s dividend payout ratio is presently 29.10%.

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.