Wellington Management Group LLP Sells 4,987 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Wellington Management Group LLP lessened its stake in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,287 shares of the business services provider's stock after selling 4,987 shares during the quarter. Wellington Management Group LLP owned about 0.13% of Verisk Analytics worth $50,989,000 at the end of the most recent reporting period.

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

Insider Activity at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lee Shavel sold 1,000 shares of the firm's 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 owns 53,163 shares of the company's stock, valued at $14,923,385.73. This trade represents a 1.85 % decrease in their position. 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 90 days. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on VRSK. Royal Bank of Canada lifted their price objective 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. BMO Capital Markets increased their price target on Verisk Analytics from $263.00 to $276.00 and gave the company a "market perform" rating in a research note 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. Morgan Stanley lifted their target price on Verisk Analytics from $283.00 to $300.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Barclays raised their price objective on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an "overweight" rating in a research report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $289.80.

Verisk Analytics Stock Up 0.2 %

Shares of VRSK stock traded up $0.62 on Thursday, reaching $285.64. 164,365 shares of the company's stock traded hands, compared to its average volume of 777,199. Verisk Analytics, Inc. has a 12-month low of $217.34 and a 12-month high of $296.58. The company has a market capitalization of $40.34 billion, a P/E ratio of 44.60, a price-to-earnings-growth ratio of 3.59 and a beta of 0.87. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. The business's 50 day moving average price is $278.96 and its two-hundred day moving average price is $272.16.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The firm had revenue of $725.30 million for the quarter, compared to the consensus estimate of $722.19 million. During the same period in the previous year, the firm posted $1.52 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast 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. Shareholders of record on Friday, December 13th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, December 13th. This represents a $1.56 annualized dividend and a yield of 0.55%. Verisk Analytics's dividend payout ratio (DPR) is presently 24.34%.

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.