Malaga Cove Capital LLC Takes $223,000 Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Malaga Cove Capital LLC bought a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 829 shares of the business services provider’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also bought and sold shares of VRSK. International Assets Investment Management LLC acquired a new position in shares of Verisk Analytics during the 2nd quarter worth about $31,000. Chilton Capital Management LLC acquired a new position in shares of Verisk Analytics in the second quarter valued at $34,000. OFI Invest Asset Management bought a new position in shares of Verisk Analytics in the first quarter valued at about $28,000. Frazier Financial Advisors LLC acquired a new stake in Verisk Analytics during the fourth quarter worth approximately $32,000. Finally, DSM Capital Partners LLC acquired a new stake in Verisk Analytics during the 4th quarter worth approximately $33,000. Institutional investors own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $262.31, for a total value of $52,462.00. Following the transaction, the chief financial officer now owns 16,608 shares in the company, valued at approximately $4,356,444.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $262.31, for a total value of $52,462.00. Following the completion of the transaction, the chief financial officer now owns 16,608 shares in the company, valued at approximately $4,356,444.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathy Card Beckles sold 326 shares of Verisk Analytics stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total value of $88,743.72. Following the sale, the insider now owns 7,470 shares in the company, valued at $2,033,483.40. The disclosure for this sale can be found here. Insiders have sold 726 shares of company stock worth $196,682 over the last ninety days. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

VRSK has been the topic of several recent research reports. UBS Group increased their price objective on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their price target on shares of Verisk Analytics from $268.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Royal Bank of Canada reissued an “outperform” rating and set a $268.00 price target on shares of Verisk Analytics in a research report on Thursday, August 1st. Finally, Morgan Stanley raised their price objective on Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $273.54.

Verisk Analytics Stock Up 0.6 %

VRSK stock opened at $273.25 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 5.86. Verisk Analytics, Inc. has a 12 month low of $215.32 and a 12 month high of $287.13. The firm has a 50-day moving average price of $271.91 and a 200-day moving average price of $253.32. The stock has a market capitalization of $38.92 billion, a P/E ratio of 50.98, a price-to-earnings-growth ratio of 3.44 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.10. The business had revenue of $716.80 million during 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%. Verisk Analytics’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 earnings per share. As a group, equities research analysts anticipate that Verisk Analytics, Inc. will post 6.56 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Sunday, September 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Friday, September 13th. Verisk Analytics’s dividend payout ratio is currently 29.10%.

About Verisk Analytics

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.