Oppenheimer Asset Management Inc. cut its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,964 shares of the business services provider’s stock after selling 643 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Verisk Analytics were worth $18,212,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRSK. Epoch Investment Partners Inc. raised its holdings in shares of Verisk Analytics by 60.4% in the 2nd quarter. Epoch Investment Partners Inc. now owns 541,426 shares of the business services provider’s stock valued at $145,941,000 after purchasing an additional 203,951 shares during the period. Swedbank AB bought a new stake in shares of Verisk Analytics in the 1st quarter valued at about $28,739,000. Acadian Asset Management LLC raised its holdings in shares of Verisk Analytics by 187.1% in the 2nd quarter. Acadian Asset Management LLC now owns 171,835 shares of the business services provider’s stock valued at $46,305,000 after purchasing an additional 111,992 shares during the period. Legal & General Group Plc raised its holdings in shares of Verisk Analytics by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock valued at $436,204,000 after purchasing an additional 111,364 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Verisk Analytics by 33.7% in the 2nd quarter. Renaissance Technologies LLC now owns 373,800 shares of the business services provider’s stock valued at $100,758,000 after purchasing an additional 94,300 shares during the period. 90.00% of the stock is owned by institutional investors.
Insider Activity at Verisk Analytics
In other news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total transaction of $54,266.00. Following the sale, the chief financial officer now owns 15,808 shares of the company’s stock, valued at $4,289,184.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by insiders.
Verisk Analytics Stock Up 0.5 %
Verisk Analytics (NASDAQ:VRSK – Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The company had revenue of $725.30 million during the quarter, compared to analyst estimates of $722.19 million. During the same period in the prior year, the business posted $1.52 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current 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 given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, December 13th. Verisk Analytics’s dividend payout ratio is presently 24.34%.
Wall Street Analysts Forecast Growth
VRSK has been the topic of a number of research analyst reports. BMO Capital Markets upped their target price on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Barclays upped their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Robert W. Baird upped their price target on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Evercore ISI reiterated an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Finally, Morgan Stanley upped their price target on shares of Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Verisk Analytics presently has an average rating of “Moderate Buy” and a consensus price target of $285.80.
Get Our Latest Analysis on VRSK
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.
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