Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by Strait & Sound Wealth Management LLC

Strait & Sound Wealth Management LLC reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,000 shares of the business services provider’s stock after selling 268 shares during the period. Strait & Sound Wealth Management LLC’s holdings in Verisk Analytics were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Vestcor Inc boosted its position in Verisk Analytics by 6.8% during the third quarter. Vestcor Inc now owns 5,167 shares of the business services provider’s stock worth $1,385,000 after purchasing an additional 331 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Verisk Analytics by 3.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 58,782 shares of the business services provider’s stock valued at $15,751,000 after buying an additional 2,042 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Verisk Analytics by 3.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 65,010 shares of the business services provider’s stock valued at $17,420,000 after acquiring an additional 1,974 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Verisk Analytics in the 3rd quarter worth $1,903,000. Finally, MML Investors Services LLC raised its position in Verisk Analytics by 9.0% during the third quarter. MML Investors Services LLC now owns 36,740 shares of the business services provider’s stock worth $9,845,000 after acquiring an additional 3,040 shares during the period. 90.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VRSK shares. BMO Capital Markets lifted their target price on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their price objective on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Robert W. Baird raised their target price on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Evercore ISI restated an “in-line” rating and issued a $279.00 price objective on shares of Verisk Analytics in a report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Verisk Analytics currently has an average rating of “Moderate Buy” and a consensus target price of $285.80.

Verisk Analytics Stock Down 0.7 %

NASDAQ VRSK opened at $284.91 on Tuesday. The business’s fifty day simple moving average is $278.25 and its 200-day simple moving average is $271.82. 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 has a market cap of $40.23 billion, a PE ratio of 44.45, a P/E/G ratio of 3.60 and a beta of 0.87. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $296.58.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $722.19 million. During the same period in the previous year, the firm earned $1.52 earnings per share. Verisk Analytics’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts anticipate that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.55%. Verisk Analytics’s dividend payout ratio (DPR) is 24.34%.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $286.49, for a total transaction of $57,298.00. Following the transaction, the chief financial officer now directly owns 15,608 shares in the company, valued at $4,471,535.92. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lee Shavel sold 1,000 shares of Verisk Analytics stock in a transaction 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 sale, the chief executive officer now directly owns 53,163 shares of the company’s stock, valued at $14,923,385.73. The trade was a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,400 shares of company stock worth $678,764 over the last quarter. 0.40% of the stock is currently owned by company insiders.

Verisk Analytics 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.