Geneva Capital Management LLC Sells 3,450 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Geneva Capital Management LLC lessened its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,576 shares of the business services provider’s stock after selling 3,450 shares during the period. Geneva Capital Management LLC’s holdings in Verisk Analytics were worth $34,185,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Marshall Financial Group LLC lifted its position in Verisk Analytics by 0.8% in the third quarter. Marshall Financial Group LLC now owns 4,932 shares of the business services provider’s stock valued at $1,322,000 after purchasing an additional 38 shares during the last quarter. Signaturefd LLC grew its holdings in Verisk Analytics by 1.5% in the 3rd quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock worth $693,000 after acquiring an additional 38 shares during the last quarter. Brookstone Capital Management increased its position in shares of Verisk Analytics by 1.2% in the second quarter. Brookstone Capital Management now owns 3,517 shares of the business services provider’s stock valued at $982,000 after acquiring an additional 41 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Verisk Analytics by 19.0% during the first quarter. EverSource Wealth Advisors LLC now owns 263 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 42 shares during the last quarter. Finally, Ascent Group LLC grew 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 worth $664,000 after purchasing an additional 43 shares during the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Verisk Analytics Price Performance

VRSK stock opened at $287.92 on Wednesday. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $40.66 billion, a price-to-earnings ratio of 44.92, a PEG ratio of 3.57 and a beta of 0.86. The firm has a 50 day moving average price of $270.28 and a 200-day moving average price of $265.27. Verisk Analytics, Inc. has a 52-week low of $217.34 and a 52-week high of $289.40.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, topping 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 the consensus estimate of $722.19 million. During the same period in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.54%. Verisk Analytics’s dividend payout ratio is currently 24.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on VRSK shares. Robert W. Baird increased their price objective on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report 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 report on Wednesday, October 2nd. Morgan Stanley upped their price objective on shares of Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Royal Bank of Canada lifted their target price on shares of Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $285.80.

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 owns 15,808 shares of the company’s stock, valued at $4,289,184.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.