Asset Management One Co. Ltd. Reduces Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Asset Management One Co. Ltd. decreased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.0% in the third quarter, HoldingsChannel reports. The firm owned 94,987 shares of the business services provider’s stock after selling 4,005 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Verisk Analytics were worth $25,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VRSK. Diversified Trust Co bought a new stake in Verisk Analytics in the second quarter valued at $1,325,000. OFI Invest Asset Management raised its stake in Verisk Analytics by 2,181.7% in the second quarter. OFI Invest Asset Management now owns 2,875 shares of the business services provider’s stock worth $723,000 after buying an additional 2,749 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Verisk Analytics in the first quarter worth about $1,115,000. Twin Tree Management LP purchased a new position in shares of Verisk Analytics during the 1st quarter worth approximately $2,340,000. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Verisk Analytics by 15.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 183,252 shares of the business services provider’s stock worth $43,198,000 after acquiring an additional 24,977 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Verisk Analytics Stock Up 0.6 %

Verisk Analytics stock opened at $277.22 on Tuesday. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $287.13. The stock has a fifty day simple moving average of $269.26 and a two-hundred day simple moving average of $263.18. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. The firm has a market cap of $39.15 billion, a price-to-earnings ratio of 43.25, a PEG ratio of 3.46 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 274.13% and a net margin of 32.65%. Verisk Analytics’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 EPS. Equities analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.56%. Verisk Analytics’s dividend payout ratio is presently 24.34%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VRSK shares. Robert W. Baird lifted their price target on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. BMO Capital Markets raised their target price on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Barclays boosted their price target on Verisk Analytics from $275.00 to $310.00 and gave the stock 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.com, Verisk Analytics presently has a consensus rating of “Moderate Buy” and an average target price of $285.80.

Insider Activity

In related news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total transaction of $54,266.00. Following the completion of the sale, the chief financial officer now owns 15,808 shares in the company, valued at approximately $4,289,184.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

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.