Artemis Investment Management LLP Lowers Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Artemis Investment Management LLP lessened its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 48.0% during the first quarter, Holdings Channel.com reports. The firm owned 1,817 shares of the business services provider’s stock after selling 1,680 shares during the quarter. Artemis Investment Management LLP’s holdings in Verisk Analytics were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new stake in shares of Verisk Analytics during the 4th quarter valued at approximately $30,000. Frazier Financial Advisors LLC acquired a new stake in shares of Verisk Analytics during the 4th quarter valued at approximately $32,000. DSM Capital Partners LLC acquired a new stake in shares of Verisk Analytics during the 4th quarter valued at approximately $33,000. Global Retirement Partners LLC lifted its position in shares of Verisk Analytics by 48.5% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 49 shares during the period. Finally, Riverview Trust Co acquired a new stake in shares of Verisk Analytics during the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Verisk Analytics Trading Down 0.5 %

VRSK traded down $1.30 during trading on Friday, hitting $269.55. The company’s stock had a trading volume of 1,084,203 shares, compared to its average volume of 861,902. The firm’s 50 day moving average price is $249.06 and its 200-day moving average price is $241.75. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $38.46 billion, a PE ratio of 50.61, a PEG ratio of 3.36 and a beta of 0.83. Verisk Analytics, Inc. has a twelve month low of $215.32 and a twelve month high of $273.70.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.11. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The company had revenue of $704.00 million during the quarter, compared to analysts’ expectations of $699.07 million. During the same period in the previous year, the company earned $1.29 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts expect that Verisk Analytics, Inc. will post 6.55 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Saturday, June 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, June 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.58%. Verisk Analytics’s dividend payout ratio is presently 29.10%.

Insider Activity

In other news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the sale, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at approximately $4,356,444.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the sale, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at approximately $4,356,444.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas Daffan sold 1,511 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $248.88, for a total transaction of $376,057.68. Following the sale, the insider now directly owns 52,500 shares of the company’s stock, valued at $13,066,200. The disclosure for this sale can be found here. Insiders sold 3,265 shares of company stock valued at $774,953 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

VRSK has been the subject of several research reports. Evercore ISI lifted their price objective on Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a research report on Tuesday. BMO Capital Markets lifted their price objective on Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $255.08.

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.