Ingalls & Snyder LLC Has $1.83 Million Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Ingalls & Snyder LLC lifted its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 8.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,840 shares of the business services provider’s stock after purchasing an additional 550 shares during the quarter. Ingalls & Snyder LLC’s holdings in Verisk Analytics were worth $1,833,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Verisk Analytics in the 2nd quarter valued at $31,000. Chilton Capital Management LLC bought a new position in Verisk Analytics in the 2nd quarter valued at $34,000. Ashton Thomas Securities LLC acquired a new stake in shares of Verisk Analytics in the 3rd quarter valued at $34,000. Rothschild Investment LLC acquired a new position in shares of Verisk Analytics during the second quarter valued at $41,000. Finally, Kings Path Partners LLC acquired a new position in shares of Verisk Analytics during the second quarter valued at $46,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on VRSK. Evercore ISI reiterated an “in-line” rating and issued a $279.00 price objective on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Robert W. Baird boosted their price target on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Wells Fargo & Company raised Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Barclays raised 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 research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $285.80.

Verisk Analytics Stock Performance

VRSK stock opened at $289.05 on Wednesday. Verisk Analytics, Inc. has a 1-year low of $217.34 and a 1-year high of $296.58. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. The firm has a market cap of $40.82 billion, a PE ratio of 45.09, a P/E/G ratio of 3.67 and a beta of 0.87. The business’s 50-day moving average price is $276.45 and its two-hundred day moving average price is $270.80.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $1.67 earnings per share 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 for the quarter, compared to analysts’ expectations of $722.19 million. During the same quarter in the previous year, the business posted $1.52 EPS. Verisk Analytics’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, December 13th. Verisk Analytics’s dividend payout ratio is 24.34%.

Insider Buying and Selling

In other news, CEO Lee Shavel sold 1,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $280.71, for a total value of $280,710.00. Following the sale, the chief executive officer now owns 53,163 shares of the company’s stock, valued at $14,923,385.73. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $286.49, for a total transaction of $57,298.00. Following the completion of the transaction, the chief financial officer now directly owns 15,608 shares of the company’s stock, valued at approximately $4,471,535.92. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,400 shares of company stock worth $678,764 over the last ninety days. Company insiders own 0.40% of the company’s stock.

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.