Verisk Analytics, Inc. (NASDAQ:VRSK) Holdings Raised by CIBC Asset Management Inc

CIBC Asset Management Inc grew its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.7% in the third quarter, Holdings Channel.com reports. The fund owned 44,290 shares of the business services provider’s stock after buying an additional 2,374 shares during the period. CIBC Asset Management Inc’s holdings in Verisk Analytics were worth $11,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Marshall Financial Group LLC increased its holdings in shares of Verisk Analytics by 0.8% in the 3rd quarter. Marshall Financial Group LLC now owns 4,932 shares of the business services provider’s stock valued at $1,322,000 after acquiring an additional 38 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Verisk Analytics by 1.5% in the 3rd quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock valued at $693,000 after acquiring an additional 38 shares during the last quarter. Brookstone Capital Management grew its stake in Verisk Analytics by 1.2% during the 2nd quarter. Brookstone Capital Management now owns 3,517 shares of the business services provider’s stock worth $982,000 after buying an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Verisk Analytics by 19.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 263 shares of the business services provider’s stock worth $57,000 after buying an additional 42 shares during the last quarter. Finally, Ascent Group LLC grew its stake in Verisk Analytics by 1.8% during the 2nd quarter. Ascent Group LLC now owns 2,465 shares of the business services provider’s stock worth $664,000 after buying an additional 43 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors.

Verisk Analytics Trading Down 1.9 %

Shares of Verisk Analytics stock opened at $280.80 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. The firm has a market cap of $39.65 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 3.52 and a beta of 0.86. The business has a fifty day simple moving average of $271.31 and a 200-day simple moving average of $266.80. Verisk Analytics, Inc. has a fifty-two week low of $217.34 and a fifty-two week high of $291.42.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.60 by $0.07. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The business had revenue of $725.30 million during the quarter, compared to the consensus estimate of $722.19 million. During the same period in the prior year, the business posted $1.52 earnings per share. Verisk Analytics’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, December 13th. Verisk Analytics’s payout ratio is 24.34%.

Insider Activity at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total transaction of $54,266.00. Following the transaction, the chief financial officer now directly owns 15,808 shares of the company’s stock, valued at approximately $4,289,184.64. The trade was a 1.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VRSK. BMO Capital Markets upped their price objective on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Royal Bank of Canada upped their price objective on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Morgan Stanley upped their price objective on Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their price objective on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays boosted their price target on Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $285.80.

About Verisk Analytics

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.