Curi RMB Capital LLC Sells 8,479 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Curi RMB Capital LLC lessened its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,740 shares of the business services provider's stock after selling 8,479 shares during the quarter. Curi RMB Capital LLC owned 0.06% of Verisk Analytics worth $24,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in VRSK. Wilmington Savings Fund Society FSB bought a new position in Verisk Analytics during the third quarter worth about $229,000. Franklin Resources Inc. lifted its stake in shares of Verisk Analytics by 6.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,231,201 shares of the business services provider's stock valued at $331,476,000 after buying an additional 78,376 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in Verisk Analytics by 29.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 104,536 shares of the business services provider's stock valued at $28,011,000 after buying an additional 23,823 shares in the last quarter. GAMMA Investing LLC grew its stake in Verisk Analytics by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 3,306 shares of the business services provider's stock valued at $911,000 after buying an additional 545 shares in the last quarter. Finally, Pensionfund Sabic bought a new stake in Verisk Analytics during the 4th quarter valued at $1,432,000. 90.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 300 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $295.38, for a total transaction of $88,614.00. Following the transaction, the chief financial officer now directly owns 16,665 shares of the company's stock, valued at approximately $4,922,507.70. The trade was a 1.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce Edward Hansen sold 1,179 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $295.36, for a total transaction of $348,229.44. Following the completion of the sale, the director now directly owns 13,786 shares of the company's stock, valued at approximately $4,071,832.96. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,837 shares of company stock valued at $1,121,618 in the last quarter. Insiders own 0.46% of the company's stock.

Verisk Analytics Price Performance

NASDAQ:VRSK traded down $1.40 during mid-day trading on Thursday, reaching $288.65. The stock had a trading volume of 302,440 shares, compared to its average volume of 773,418. The stock has a market capitalization of $40.40 billion, a P/E ratio of 45.03, a P/E/G ratio of 3.37 and a beta of 0.88. The firm has a 50 day moving average price of $291.99 and a two-hundred day moving average price of $284.43. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. Verisk Analytics, Inc. has a one year low of $217.34 and a one year high of $306.68.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.01. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The firm had revenue of $735.60 million during the quarter, compared to analyst estimates of $733.55 million. As a group, analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics announced that its board has authorized a stock buyback plan on Wednesday, February 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Verisk Analytics Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.45 per share. This is a positive change from Verisk Analytics's previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Friday, March 14th. Verisk Analytics's dividend payout ratio is currently 26.87%.

Analyst Ratings Changes

Several brokerages have recently weighed in on VRSK. Barclays cut Verisk Analytics from an "overweight" rating to an "equal weight" rating and set a $310.00 price target for the company. in a research report on Friday, January 10th. BMO Capital Markets upped their price target on Verisk Analytics from $280.00 to $297.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Robert W. Baird raised their price objective on shares of Verisk Analytics from $298.00 to $320.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Wells Fargo & Company reduced their price objective on shares of Verisk Analytics from $325.00 to $321.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $300.00 target price on shares of Verisk Analytics in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $297.40.

Verisk Analytics Company 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.