Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by Bamco Inc. NY

Bamco Inc. NY trimmed its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,268,534 shares of the business services provider’s stock after selling 22,301 shares during the quarter. Verisk Analytics accounts for approximately 0.9% of Bamco Inc. NY’s investment portfolio, making the stock its 23rd biggest position. Bamco Inc. NY owned 0.90% of Verisk Analytics worth $339,916,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Icon Wealth Advisors LLC raised its stake in shares of Verisk Analytics by 899.1% in the third quarter. Icon Wealth Advisors LLC now owns 11,919 shares of the business services provider’s stock valued at $2,913,000 after acquiring an additional 10,726 shares in the last quarter. KBC Group NV raised its position in Verisk Analytics by 15.3% in the 3rd quarter. KBC Group NV now owns 35,908 shares of the business services provider’s stock valued at $9,622,000 after purchasing an additional 4,767 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Verisk Analytics by 5.7% in the 3rd quarter. CIBC Asset Management Inc now owns 44,290 shares of the business services provider’s stock valued at $11,868,000 after buying an additional 2,374 shares during the period. Point72 Hong Kong Ltd grew its position in shares of Verisk Analytics by 479.1% during the third quarter. Point72 Hong Kong Ltd now owns 16,853 shares of the business services provider’s stock worth $4,516,000 after buying an additional 13,943 shares in the last quarter. Finally, Diversified Trust Co acquired a new position in shares of Verisk Analytics during the second quarter worth about $1,325,000. 90.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction that occurred 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 directly owns 15,808 shares of the company’s stock, valued at approximately $4,289,184.64. This trade represents a 1.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lee Shavel sold 1,000 shares of Verisk Analytics stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $280.71, for a total value of $280,710.00. Following the completion of the transaction, the chief executive officer now owns 53,163 shares in the company, valued at $14,923,385.73. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,400 shares of company stock worth $678,764. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

VRSK has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Royal Bank of Canada lifted their price objective on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Evercore ISI reissued an “in-line” rating and issued a $279.00 target price on shares of Verisk Analytics in a report on Wednesday, October 2nd. Robert W. Baird lifted their price target on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Barclays increased their price objective on Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $285.80.

Verisk Analytics Trading Down 0.1 %

NASDAQ:VRSK opened at $294.21 on Monday. The company has a market capitalization of $41.55 billion, a PE ratio of 45.90, a P/E/G ratio of 3.69 and a beta of 0.86. Verisk Analytics, Inc. has a 52-week low of $217.34 and a 52-week high of $296.58. The stock’s 50 day moving average price is $275.42 and its 200 day moving average price is $270.24. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. The business had revenue of $725.30 million for the quarter, compared to analyst estimates of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. On average, research analysts anticipate 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 issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.53%. Verisk Analytics’s payout ratio is 24.34%.

Verisk Analytics Company 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.