Amalgamated Bank Raises Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Amalgamated Bank lifted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 31,305 shares of the business services provider’s stock after acquiring an additional 567 shares during the period. Amalgamated Bank’s holdings in Verisk Analytics were worth $8,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Martin Investment Management LLC lifted its holdings in Verisk Analytics by 3.1% during the third quarter. Martin Investment Management LLC now owns 31,732 shares of the business services provider’s stock valued at $8,503,000 after purchasing an additional 965 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Verisk Analytics by 101.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 276 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 139 shares during the period. National Pension Service lifted its stake in shares of Verisk Analytics by 19.6% during the 3rd quarter. National Pension Service now owns 210,057 shares of the business services provider’s stock valued at $56,287,000 after buying an additional 34,455 shares in the last quarter. Nvwm LLC boosted its holdings in Verisk Analytics by 1.3% in the 3rd quarter. Nvwm LLC now owns 6,086 shares of the business services provider’s stock worth $1,631,000 after buying an additional 79 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Verisk Analytics by 11.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the business services provider’s stock worth $473,000 after buying an additional 175 shares in the last quarter. 90.00% of the stock is owned by institutional investors.

Verisk Analytics Stock Down 0.2 %

Shares of NASDAQ VRSK opened at $279.13 on Thursday. Verisk Analytics, Inc. has a 12-month low of $217.34 and a 12-month high of $287.13. 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’s 50-day moving average price is $269.62 and its 200-day moving average price is $263.70. The stock has a market capitalization of $39.42 billion, a price-to-earnings ratio of 43.55, a P/E/G ratio of 3.48 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The business had revenue of $725.30 million for the quarter, compared to the consensus estimate of $722.19 million. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird upped their price objective on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Barclays increased their price objective on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Royal Bank of Canada boosted their target price on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Morgan Stanley boosted their price target on shares of Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Six investment 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’s stock. According to MarketBeat.com, Verisk Analytics has an average rating of “Moderate Buy” and an average price target of $285.80.

Insider Transactions at Verisk Analytics

In other Verisk Analytics 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 value of $54,266.00. Following the transaction, the chief financial officer now owns 15,808 shares of the company’s stock, valued at $4,289,184.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.40% of the company’s stock.

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.