Natixis Advisors LLC grew its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 7.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 134,486 shares of the business services provider's stock after acquiring an additional 9,850 shares during the period. Natixis Advisors LLC owned about 0.10% of Verisk Analytics worth $36,037,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc grew its stake in shares of Verisk Analytics by 5.7% in the 3rd quarter. CIBC Asset Management Inc now owns 44,290 shares of the business services provider's stock worth $11,868,000 after buying an additional 2,374 shares during the last quarter. KBC Group NV lifted its position in Verisk Analytics by 15.3% in the 3rd quarter. KBC Group NV now owns 35,908 shares of the business services provider's stock valued at $9,622,000 after acquiring an additional 4,767 shares in the last quarter. Diversified Trust Co bought a new position in Verisk Analytics in the 2nd quarter valued at approximately $1,325,000. OFI Invest Asset Management lifted its holdings in shares of Verisk Analytics by 2,181.7% during the 2nd quarter. OFI Invest Asset Management now owns 2,875 shares of the business services provider's stock valued at $723,000 after buying an additional 2,749 shares during the period. Finally, Swedbank AB bought a new position in shares of Verisk Analytics during the 1st quarter valued at $28,739,000. Hedge funds and other institutional investors own 90.00% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on VRSK. Evercore ISI reissued an "in-line" rating and set a $279.00 price target on shares of Verisk Analytics in a report on Wednesday, October 2nd. Royal Bank of Canada increased their price target on Verisk Analytics from $268.00 to $300.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Wells Fargo & Company raised Verisk Analytics to a "strong-buy" rating in a report on Tuesday, August 13th. Morgan Stanley upped their price objective on Verisk Analytics from $243.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird upped their price objective on Verisk Analytics from $285.00 to $301.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $285.80.
Check Out Our Latest Report on Verisk Analytics
Insider Transactions at Verisk Analytics
In other news, CEO Lee Shavel sold 1,000 shares of Verisk Analytics stock in a transaction on Friday, November 15th. The shares were sold at an average price of $286.49, for a total transaction of $286,490.00. Following the completion of the sale, the chief executive officer now directly owns 54,163 shares in the company, valued at approximately $15,517,157.87. The trade was a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total transaction of $54,266.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,400 shares of company stock worth $678,764. Company insiders own 0.40% of the company's stock.
Verisk Analytics Stock Down 0.2 %
NASDAQ VRSK traded down $0.44 on Monday, hitting $280.36. The stock had a trading volume of 799,955 shares, compared to its average volume of 788,155. The business's fifty day moving average price is $271.31 and its 200 day moving average price is $267.04. 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, Inc. has a 52-week low of $217.34 and a 52-week high of $291.42. The stock has a market cap of $39.59 billion, a price-to-earnings ratio of 43.68, a price-to-earnings-growth ratio of 3.52 and a beta of 0.86.
Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The business had revenue of $725.30 million for the quarter, compared to analyst estimates of $722.19 million. During the same period in the previous year, the company earned $1.52 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts anticipate 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 paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.56%. Verisk Analytics's payout ratio is currently 24.34%.
About Verisk Analytics
(
Free Report)
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.
See Also
Before you consider Verisk Analytics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verisk Analytics wasn't on the list.
While Verisk Analytics currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
