Verisk Analytics, Inc. (NASDAQ:VRSK) Stock Position Decreased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC trimmed its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 74.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,181 shares of the business services provider’s stock after selling 3,373 shares during the period. Thoroughbred Financial Services LLC’s holdings in Verisk Analytics were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VRSK. Westpac Banking Corp grew its holdings in Verisk Analytics by 94.8% in the 4th quarter. Westpac Banking Corp now owns 1,243 shares of the business services provider’s stock valued at $297,000 after buying an additional 605 shares during the last quarter. Federated Hermes Inc. grew its holdings in Verisk Analytics by 10.9% in the 4th quarter. Federated Hermes Inc. now owns 346,646 shares of the business services provider’s stock valued at $82,800,000 after buying an additional 34,077 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in Verisk Analytics by 225.5% in the 4th quarter. Epoch Investment Partners Inc. now owns 205,110 shares of the business services provider’s stock valued at $48,993,000 after buying an additional 142,088 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in Verisk Analytics by 64.2% in the 4th quarter. Pinebridge Investments L.P. now owns 8,231 shares of the business services provider’s stock valued at $1,966,000 after buying an additional 3,219 shares during the last quarter. Finally, Fenimore Asset Management Inc. grew its holdings in Verisk Analytics by 421.9% in the 4th quarter. Fenimore Asset Management Inc. now owns 75,404 shares of the business services provider’s stock valued at $18,011,000 after buying an additional 60,957 shares during the last quarter. 90.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Evercore ISI lifted their price objective on Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. UBS Group boosted their target price on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Finally, BMO Capital Markets lifted their price objective on Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Verisk Analytics has a consensus rating of “Hold” and a consensus target price of $257.21.

Insider Buying and Selling

In other news, insider Kathy Card Beckles sold 326 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total value of $88,743.72. Following the transaction, the insider now owns 7,470 shares of the company’s stock, valued at $2,033,483.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Kathy Card Beckles sold 326 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total transaction of $88,743.72. Following the sale, the insider now owns 7,470 shares of the company’s stock, valued at $2,033,483.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas Daffan sold 1,511 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the sale, the insider now directly owns 52,500 shares in the company, valued at approximately $13,066,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,037 shares of company stock worth $517,263. Corporate insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Up 0.6 %

VRSK traded up $1.53 on Tuesday, hitting $279.03. 151,668 shares of the company were exchanged, compared to its average volume of 843,084. Verisk Analytics, Inc. has a 12 month low of $215.32 and a 12 month high of $281.54. The company has a market cap of $39.81 billion, a PE ratio of 51.99, a PEG ratio of 3.45 and a beta of 0.84. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day moving average is $261.36 and its 200-day moving average is $245.09.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, May 1st. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.11. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The business had revenue of $704.00 million for the quarter, compared to analyst estimates of $699.07 million. During the same quarter in the prior year, the company posted $1.29 earnings per share. Verisk Analytics’s revenue was up 8.0% on a year-over-year basis. Equities research analysts predict that Verisk Analytics, Inc. will post 6.55 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Saturday, June 15th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.56 annualized dividend and a yield of 0.56%. Verisk Analytics’s payout ratio is presently 29.10%.

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.