JPMorgan Chase & Co. Has $185.92 Million Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

JPMorgan Chase & Co. lowered its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 693,835 shares of the business services provider's stock after selling 28,769 shares during the quarter. JPMorgan Chase & Co. owned 0.49% of Verisk Analytics worth $185,920,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VRSK. International Assets Investment Management LLC bought a new stake in shares of Verisk Analytics during the 2nd quarter worth approximately $31,000. Chilton Capital Management LLC bought a new stake in Verisk Analytics during the second quarter worth $34,000. Ashton Thomas Securities LLC acquired a new stake in Verisk Analytics in the third quarter valued at $34,000. Rothschild Investment LLC acquired a new position in shares of Verisk Analytics during the 2nd quarter worth about $41,000. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of Verisk Analytics in the 3rd quarter valued at about $50,000. 90.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Lee Shavel sold 1,000 shares of Verisk Analytics stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $280.71, for a total transaction of $280,710.00. Following the sale, the chief executive officer now directly owns 53,163 shares of the company's stock, valued at approximately $14,923,385.73. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the stock in a transaction that occurred 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. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,400 shares of company stock worth $678,764 over the last ninety days. Corporate insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on VRSK shares. Evercore ISI reissued an "in-line" rating and set a $279.00 price target on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Royal Bank of Canada boosted their target price on Verisk Analytics from $268.00 to $300.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Barclays raised their price target on 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 upped their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Finally, BMO Capital Markets raised their target price on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a "market perform" rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $289.80.

Verisk Analytics Stock Performance

NASDAQ VRSK traded down $0.31 during trading on Wednesday, reaching $275.43. The company's stock had a trading volume of 576,009 shares, compared to its average volume of 776,691. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $296.58. The firm has a 50 day moving average price of $281.75 and a 200 day moving average price of $274.32. The firm has a market capitalization of $38.89 billion, a price-to-earnings ratio of 42.97, a price-to-earnings-growth ratio of 3.55 and a beta of 0.87. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36.

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

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 annualized dividend and a yield of 0.57%. Verisk Analytics's dividend payout ratio is 24.34%.

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.