Rockefeller Capital Management L.P. Sells 1,791 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Rockefeller Capital Management L.P. lessened its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 4.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 39,696 shares of the business services provider's stock after selling 1,791 shares during the period. Rockefeller Capital Management L.P.'s holdings in Verisk Analytics were worth $10,637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in Verisk Analytics in the 2nd quarter worth approximately $31,000. Chilton Capital Management LLC purchased a new position in shares of Verisk Analytics during the 2nd quarter valued at $34,000. Ashton Thomas Securities LLC bought a new position in Verisk Analytics in the 3rd quarter worth $34,000. Rothschild Investment LLC purchased a new stake in Verisk Analytics in the 2nd quarter worth $41,000. Finally, Kings Path Partners LLC purchased a new stake in Verisk Analytics in the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 90.00% of the company's stock.

Verisk Analytics Trading Down 1.2 %

VRSK stock traded down $3.65 during midday trading on Tuesday, reaching $289.05. 953,723 shares of the company traded hands, compared to its average volume of 780,990. The firm has a market capitalization of $40.82 billion, a price-to-earnings ratio of 45.09, a P/E/G ratio of 3.67 and a beta of 0.87. Verisk Analytics, Inc. has a 52-week low of $217.34 and a 52-week high of $296.58. The business has a 50 day moving average of $276.45 and a 200-day moving average of $270.80. 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 (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 for the quarter, beating the consensus estimate of $1.60 by $0.07. The company 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%. Verisk Analytics's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. As a group, sell-side analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued 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 yield of 0.54%. Verisk Analytics's payout ratio is 24.34%.

Analyst Upgrades and Downgrades

VRSK has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Verisk Analytics from $268.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Robert W. Baird increased 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. Wells Fargo & Company upgraded shares of Verisk Analytics to a "strong-buy" rating in a research report on Tuesday, August 13th. BMO Capital Markets upped 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 report on Friday, November 1st. Finally, Evercore ISI reiterated an "in-line" rating and issued a $279.00 price target on shares of Verisk Analytics in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $285.80.

Insiders Place Their Bets

In related news, CFO Elizabeth Mann sold 200 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $286.49, for a total value of $57,298.00. Following the completion of the sale, the chief financial officer now owns 15,608 shares in the company, valued at approximately $4,471,535.92. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lee Shavel sold 1,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $286.49, for a total value of $286,490.00. Following the completion of the sale, the chief executive officer now owns 54,163 shares of the company's stock, valued at $15,517,157.87. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,400 shares of company stock valued at $678,764 over the last 90 days. Insiders own 0.40% of the company's stock.

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.