CIBC Asset Management Inc Has $11.87 Million Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

CIBC Asset Management Inc grew its position in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,290 shares of the business services provider's stock after acquiring an additional 2,374 shares during the quarter. 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.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Verisk Analytics during the second quarter worth $31,000. Chilton Capital Management LLC acquired a new stake in Verisk Analytics during the second quarter worth about $34,000. Ashton Thomas Securities LLC acquired a new stake in Verisk Analytics during the third quarter worth about $34,000. Rothschild Investment LLC bought a new position in Verisk Analytics in the second quarter worth about $41,000. Finally, Kings Path Partners LLC acquired a new position in Verisk Analytics in the second quarter valued at approximately $46,000. 90.00% of the stock is owned by institutional investors and hedge funds.

Verisk Analytics Price Performance

Shares of NASDAQ VRSK traded down $5.33 during mid-day trading on Friday, reaching $280.80. 522,708 shares of the company traded hands, compared to its average volume of 631,707. Verisk Analytics, Inc. has a fifty-two week low of $217.34 and a fifty-two week high of $291.42. The firm has a market cap of $39.65 billion, a PE ratio of 43.81, a price-to-earnings-growth ratio of 3.52 and a beta of 0.86. The stock has a fifty day simple moving average of $271.31 and a 200-day simple moving average of $266.80. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.07. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The firm had revenue of $725.30 million during the quarter, compared to analyst estimates of $722.19 million. During the same period last year, the company posted $1.52 EPS. The firm's quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

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

Analyst Upgrades and Downgrades

VRSK has been the topic of several recent research reports. Wells Fargo & Company raised Verisk Analytics to a "strong-buy" rating in a report on Tuesday, August 13th. Barclays boosted their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an "overweight" rating in a report on Friday, September 13th. Robert W. Baird increased their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. BMO Capital Markets lifted their price objective on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a "market perform" rating in a research report on Friday, November 1st. Finally, Morgan Stanley upped their target price on shares of Verisk Analytics from $243.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $285.80.

Insider Buying and Selling at Verisk Analytics

In other news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total value of $54,266.00. Following the transaction, the chief financial officer now owns 15,808 shares of the company's stock, valued at $4,289,184.64. The trade was a 1.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.40% of the stock is owned by corporate insiders.

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.