Quantinno Capital Management LP increased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 90.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,886 shares of the business services provider's stock after acquiring an additional 6,105 shares during the quarter. Quantinno Capital Management LP's holdings in Verisk Analytics were worth $3,453,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of VRSK. International Assets Investment Management LLC purchased a new stake in Verisk Analytics in the 2nd quarter valued at approximately $31,000. Chilton Capital Management LLC acquired a new position in Verisk Analytics during the second quarter worth approximately $34,000. Ashton Thomas Securities LLC purchased a new position in shares of Verisk Analytics in the 3rd quarter worth about $34,000. Rothschild Investment LLC acquired a new position in shares of Verisk Analytics during the 2nd quarter valued at $41,000. Finally, Kings Path Partners LLC purchased a new stake in shares of Verisk Analytics during the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 90.00% of the company's stock.
Insider Buying and Selling at Verisk Analytics
In related news, CEO Lee Shavel sold 1,000 shares of Verisk Analytics stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $280.71, for a total value of $280,710.00. Following the completion of the transaction, the chief executive officer now directly owns 53,163 shares of the company's stock, valued at $14,923,385.73. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $286.49, for a total transaction of $57,298.00. Following the sale, the chief financial officer now directly owns 15,608 shares in the company, valued at approximately $4,471,535.92. This represents 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 three months. Company insiders own 0.40% of the company's stock.
Verisk Analytics Stock Performance
VRSK stock traded down $2.15 during midday trading on Tuesday, hitting $284.91. The stock had a trading volume of 877,971 shares, compared to its average volume of 618,325. The firm has a market capitalization of $40.23 billion, a price-to-earnings ratio of 44.45, a P/E/G ratio of 3.60 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. The stock has a 50-day simple moving average of $278.25 and a 200 day simple moving average of $271.82. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $296.58.
Verisk Analytics (NASDAQ:VRSK - Get Free Report) last issued its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.07. The business had revenue of $725.30 million for the quarter, compared to analyst estimates of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The firm's revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, December 13th. Verisk Analytics's dividend payout ratio is 24.34%.
Wall Street Analyst Weigh In
VRSK has been the topic of several research analyst reports. BMO Capital Markets increased their price target on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a "market perform" rating in a research report on Friday, November 1st. Robert W. Baird upped their price objective on Verisk Analytics from $285.00 to $301.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Evercore ISI reissued an "in-line" rating and issued a $279.00 price target on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Wells Fargo & Company raised shares of Verisk Analytics to a "strong-buy" rating in a research report on Tuesday, August 13th. Finally, Royal Bank of Canada lifted their target price on shares of Verisk Analytics from $268.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $285.80.
Get Our Latest Research Report on Verisk Analytics
Verisk Analytics Company Profile
(
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.
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