Bamco Inc. NY Has $339.92 Million Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Bamco Inc. NY cut its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,268,534 shares of the business services provider's stock after selling 22,301 shares during the period. Verisk Analytics makes up 0.9% of Bamco Inc. NY's investment portfolio, making the stock its 23rd biggest holding. Bamco Inc. NY owned 0.90% of Verisk Analytics worth $339,916,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in VRSK. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Verisk Analytics by 29.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,623 shares of the business services provider's stock valued at $383,000 after buying an additional 370 shares during the period. Tidal Investments LLC increased its holdings in Verisk Analytics by 164.0% in the first quarter. Tidal Investments LLC now owns 6,193 shares of the business services provider's stock valued at $1,459,000 after buying an additional 3,847 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Verisk Analytics by 166.1% during the 1st quarter. Cetera Investment Advisers now owns 54,515 shares of the business services provider's stock valued at $12,851,000 after acquiring an additional 34,032 shares during the period. Cetera Advisors LLC boosted its stake in shares of Verisk Analytics by 353.0% during the 1st quarter. Cetera Advisors LLC now owns 13,200 shares of the business services provider's stock worth $3,112,000 after acquiring an additional 10,286 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Verisk Analytics by 19.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 263 shares of the business services provider's stock worth $57,000 after acquiring an additional 42 shares in the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Verisk Analytics news, CEO Lee Shavel sold 1,000 shares of Verisk Analytics stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $280.71, for a total value of $280,710.00. Following 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 value of $57,298.00. Following the completion of the sale, the chief financial officer now directly owns 15,608 shares of the company's stock, valued at $4,471,535.92. This represents a 1.27 % 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 worth $678,764 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VRSK shares. Robert W. Baird boosted their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Barclays upped their target price on Verisk Analytics from $275.00 to $310.00 and gave the company an "overweight" rating in a research note on Friday, September 13th. Evercore ISI reissued an "in-line" rating and issued a $279.00 price target on shares of Verisk Analytics in a report on Wednesday, October 2nd. Royal Bank of Canada raised their price target on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company raised shares of Verisk Analytics to a "strong-buy" rating in a research note on Tuesday, August 13th. Six equities research 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $285.80.

Verisk Analytics Price Performance

Shares of Verisk Analytics stock traded down $1.61 on Monday, hitting $292.60. The company had a trading volume of 171,600 shares, compared to its average volume of 778,944. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $296.58. The company has a market cap of $41.32 billion, a PE ratio of 45.52, a PEG ratio of 3.69 and a beta of 0.87. The business has a 50-day simple moving average of $275.42 and a 200-day simple moving average of $270.24. 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 (NASDAQ:VRSK - Get Free Report) last released its earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.60 by $0.07. The business had revenue of $725.30 million during 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 business's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 earnings per share. Research analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 annualized dividend and a yield of 0.53%. Verisk Analytics's dividend payout ratio is presently 24.34%.

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.