TimesSquare Capital Management LLC Has $109.81 Million Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

TimesSquare Capital Management LLC lessened its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 398,690 shares of the business services provider's stock after selling 21,085 shares during the quarter. Verisk Analytics comprises 1.6% of TimesSquare Capital Management LLC's portfolio, making the stock its 6th largest holding. TimesSquare Capital Management LLC owned approximately 0.28% of Verisk Analytics worth $109,811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its holdings in Verisk Analytics by 6.5% during the 3rd quarter. FMR LLC now owns 4,618,971 shares of the business services provider's stock worth $1,237,700,000 after acquiring an additional 283,653 shares during the period. Franklin Resources Inc. grew its position 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 purchasing an additional 78,376 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Verisk Analytics by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 801,150 shares of the business services provider's stock worth $214,676,000 after buying an additional 8,262 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Verisk Analytics by 46.7% in the third quarter. Two Sigma Advisers LP now owns 614,831 shares of the business services provider's stock worth $164,750,000 after buying an additional 195,700 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Verisk Analytics by 0.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 332,650 shares of the business services provider's stock valued at $91,622,000 after buying an additional 1,308 shares during the period. 90.00% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, insider Kathy Card Beckles sold 2,111 shares of the firm's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $282.06, for a total value of $595,428.66. Following the completion of the sale, the insider now owns 9,066 shares of the company's stock, valued at $2,557,155.96. This trade represents a 18.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bruce Edward Hansen sold 1,179 shares of the business's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $272.81, for a total transaction of $321,642.99. Following the transaction, the director now directly owns 13,786 shares in the company, valued at approximately $3,760,958.66. The trade was 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 4,469 shares of company stock valued at $1,264,818 over the last three months. 0.40% of the stock is owned by company insiders.

Verisk Analytics Trading Up 0.8 %

Shares of NASDAQ VRSK traded up $2.41 during midday trading on Friday, reaching $295.11. The company had a trading volume of 1,165,507 shares, compared to its average volume of 565,488. The firm's fifty day moving average price is $282.65 and its 200-day moving average price is $277.16. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. Verisk Analytics, Inc. has a one year low of $217.34 and a one year high of $296.94. The stock has a market cap of $41.67 billion, a PE ratio of 46.04, a price-to-earnings-growth ratio of 3.37 and a beta of 0.89.

Verisk Analytics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, December 13th. Verisk Analytics's payout ratio is 24.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley upped their target price on Verisk Analytics from $283.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Royal Bank of Canada restated an "outperform" rating and issued a $300.00 price objective on shares of Verisk Analytics in a research report on Tuesday, January 7th. BMO Capital Markets lifted their target price on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a "market perform" rating in a research report on Friday, November 1st. Wells Fargo & Company increased their price target on shares of Verisk Analytics from $313.00 to $325.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Barclays cut shares of Verisk Analytics from an "overweight" rating to an "equal weight" rating and set a $310.00 price objective on the stock. in a research report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $295.33.

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.