Oak Ridge Investments LLC Has $11.34 Million Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Oak Ridge Investments LLC raised its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,155 shares of the business services provider’s stock after buying an additional 2,089 shares during the quarter. Verisk Analytics accounts for about 0.9% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 25th largest position. Oak Ridge Investments LLC’s holdings in Verisk Analytics were worth $11,335,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Marshall Financial Group LLC increased its position in Verisk Analytics by 0.8% during the third quarter. Marshall Financial Group LLC now owns 4,932 shares of the business services provider’s stock worth $1,322,000 after acquiring an additional 38 shares during the period. Signaturefd LLC increased its position in shares of Verisk Analytics by 1.5% during the third quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock valued at $693,000 after purchasing an additional 38 shares during the period. Ascent Group LLC raised its stake in shares of Verisk Analytics by 1.8% in the second quarter. Ascent Group LLC now owns 2,465 shares of the business services provider’s stock valued at $664,000 after purchasing an additional 43 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in Verisk Analytics by 0.8% during the third quarter. Gateway Investment Advisers LLC now owns 5,109 shares of the business services provider’s stock worth $1,369,000 after buying an additional 43 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in Verisk Analytics by 2.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,025 shares of the business services provider’s stock valued at $543,000 after buying an additional 43 shares during the period. 90.00% of the stock is owned by institutional investors.

Insider Activity at Verisk Analytics

In other news, Director Bruce Edward Hansen sold 1,179 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $272.81, for a total transaction of $321,642.99. Following the completion of the transaction, the director now directly owns 13,786 shares in the company, valued at approximately $3,760,958.66. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lee Shavel sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $286.49, for a total transaction of $286,490.00. Following the completion of the sale, the chief executive officer now owns 54,163 shares in the company, valued at $15,517,157.87. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,379 shares of company stock worth $946,141. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VRSK. Robert W. Baird raised their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Barclays cut shares of Verisk Analytics from an “overweight” rating to an “equal weight” rating and set a $310.00 price target for the company. in a research note on Friday, January 10th. Morgan Stanley upped their price objective on Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and set a $300.00 target price on shares of Verisk Analytics in a research report on Tuesday, January 7th. Finally, Evercore ISI restated an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $293.11.

Verisk Analytics Stock Up 0.0 %

Shares of NASDAQ VRSK opened at $278.55 on Friday. Verisk Analytics, Inc. has a 12-month low of $217.34 and a 12-month high of $296.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. The firm’s 50-day simple moving average is $282.19 and its 200 day simple moving average is $274.78. The company has a market cap of $39.33 billion, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 3.08 and a beta of 0.88.

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

Verisk Analytics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.39 per share. The ex-dividend date was 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 (DPR) is presently 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.