New York State Teachers Retirement System Sells 6,209 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

New York State Teachers Retirement System decreased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,685 shares of the business services provider’s stock after selling 6,209 shares during the period. New York State Teachers Retirement System’s holdings in Verisk Analytics were worth $30,913,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in VRSK. Brookstone Capital Management grew its position in Verisk Analytics by 1.2% during the 2nd quarter. Brookstone Capital Management now owns 3,517 shares of the business services provider’s stock valued at $982,000 after purchasing an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Verisk Analytics by 19.0% in the first quarter. EverSource Wealth Advisors LLC now owns 263 shares of the business services provider’s stock worth $57,000 after buying an additional 42 shares in the last quarter. Smithfield Trust Co lifted its stake in shares of Verisk Analytics by 6.3% in the fourth quarter. Smithfield Trust Co now owns 727 shares of the business services provider’s stock worth $175,000 after buying an additional 43 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Verisk Analytics by 2.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,533 shares of the business services provider’s stock valued at $361,000 after buying an additional 43 shares during the last quarter. Finally, Webster Bank N. A. increased its position in shares of Verisk Analytics by 28.4% during the first quarter. Webster Bank N. A. now owns 208 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 46 shares in the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction on Monday, July 15th. The shares were sold at an average price of $277.38, for a total transaction of $55,476.00. Following the transaction, the chief financial officer now owns 16,408 shares in the company, valued at approximately $4,551,251.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $277.38, for a total value of $55,476.00. Following the completion of the transaction, the chief financial officer now directly owns 16,408 shares in the company, valued at approximately $4,551,251.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathy Card Beckles sold 326 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total transaction of $88,743.72. Following the completion of the transaction, the insider now directly owns 7,470 shares in the company, valued at approximately $2,033,483.40. The disclosure for this sale can be found here. Insiders sold a total of 726 shares of company stock worth $196,682 over the last three months. 0.40% of the stock is currently owned by company insiders.

Verisk Analytics Trading Down 0.7 %

Shares of VRSK stock opened at $268.15 on Friday. The company has a market cap of $38.26 billion, a price-to-earnings ratio of 50.03, a PEG ratio of 3.39 and a beta of 0.84. The company has a debt-to-equity ratio of 5.86, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a fifty day moving average price of $271.38 and a 200-day moving average price of $251.24. Verisk Analytics, Inc. has a 1 year low of $215.32 and a 1 year high of $287.13.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 EPS for the quarter, topping the consensus estimate of $1.64 by $0.10. The firm had revenue of $716.80 million for the quarter, compared to the consensus estimate of $722.45 million. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.51 earnings per share. As a group, equities analysts predict that Verisk Analytics, Inc. will post 6.55 earnings per share for the current year.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, September 13th. Verisk Analytics’s dividend payout ratio is currently 29.10%.

Analysts Set New Price Targets

Several analysts have commented on VRSK shares. UBS Group increased their target price on Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $268.00 price objective on shares of Verisk Analytics in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. BMO Capital Markets dropped their price target on shares of Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a report on Thursday, August 1st. Finally, Morgan Stanley boosted their price objective on shares of Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $273.54.

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.