Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Purchased by DNB Asset Management AS

DNB Asset Management AS boosted its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,022 shares of the business services provider’s stock after purchasing an additional 932 shares during the period. DNB Asset Management AS’s holdings in Verisk Analytics were worth $7,553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of Verisk Analytics during the 1st quarter valued at approximately $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Verisk Analytics during the 4th quarter worth approximately $32,000. DSM Capital Partners LLC purchased a new position in shares of Verisk Analytics during the 4th quarter worth approximately $33,000. Global Retirement Partners LLC increased its stake in shares of Verisk Analytics by 48.5% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock worth $36,000 after purchasing an additional 49 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in shares of Verisk Analytics during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $277.38, for a total value of $55,476.00. Following the completion of the sale, the chief financial officer now owns 16,408 shares in the company, valued at approximately $4,551,251.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $277.38, for a total transaction of $55,476.00. Following the transaction, the chief financial officer now owns 16,408 shares in the company, valued at approximately $4,551,251.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathy Card Beckles sold 326 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $272.22, for a total transaction of $88,743.72. Following the transaction, the insider now owns 7,470 shares in the company, valued at approximately $2,033,483.40. The disclosure for this sale can be found here. Insiders sold a total of 2,237 shares of company stock worth $572,739 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

Verisk Analytics Trading Down 0.5 %

Verisk Analytics stock traded down $1.34 during midday trading on Tuesday, reaching $260.94. The stock had a trading volume of 748,953 shares, compared to its average volume of 852,276. The firm’s fifty day simple moving average is $269.16 and its two-hundred day simple moving average is $249.20. Verisk Analytics, Inc. has a twelve month low of $215.32 and a twelve month high of $287.13. The company has a debt-to-equity ratio of 5.86, a current ratio of 0.95 and a quick ratio of 1.09. The firm has a market cap of $37.16 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 3.28 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.10. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The firm had revenue of $716.80 million during the quarter, compared to analyst estimates of $722.45 million. During the same quarter last year, the business posted $1.51 EPS. The company’s revenue was up 6.2% on a year-over-year basis. Equities analysts anticipate that Verisk Analytics, Inc. will post 6.55 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.60%. Verisk Analytics’s payout ratio is 29.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VRSK. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets lowered their target price on shares of Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating for the company in a research note on Thursday, August 1st. Morgan Stanley lifted their target price 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. Robert W. Baird lifted their target price on shares of Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $268.00 target price on shares of Verisk Analytics in a research note on Thursday, August 1st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Verisk Analytics presently has an average rating of “Hold” and a consensus target price of $267.77.

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.