First Hawaiian Bank Has $2.18 Million Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

First Hawaiian Bank increased its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 44.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,075 shares of the business services provider’s stock after buying an additional 2,480 shares during the period. First Hawaiian Bank’s holdings in Verisk Analytics were worth $2,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRSK. EverSource Wealth Advisors LLC boosted its position in 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. Smithfield Trust Co boosted its position in Verisk Analytics by 6.3% during the fourth quarter. Smithfield Trust Co now owns 727 shares of the business services provider’s stock valued at $175,000 after acquiring an additional 43 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Verisk Analytics by 2.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,533 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 43 shares during the last quarter. Webster Bank N. A. boosted its position in Verisk Analytics by 28.4% during the first quarter. Webster Bank N. A. now owns 208 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 46 shares during the last quarter. Finally, Wealth Alliance boosted its position in Verisk Analytics by 4.3% during the fourth quarter. Wealth Alliance now owns 1,147 shares of the business services provider’s stock valued at $274,000 after acquiring an additional 47 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Verisk Analytics

In other news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $262.31, for a total value of $52,462.00. Following the transaction, the chief financial officer now owns 16,608 shares of the company’s stock, valued at approximately $4,356,444.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Verisk Analytics news, insider Nicholas Daffan sold 1,511 shares of Verisk Analytics stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $248.88, for a total transaction of $376,057.68. Following the completion of the sale, the insider now directly owns 52,500 shares in the company, valued at approximately $13,066,200. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the transaction, the chief financial officer now owns 16,608 shares of the company’s stock, valued at $4,356,444.48. The disclosure for this sale can be found here. Insiders have sold a total of 2,237 shares of company stock valued at $572,739 in the last 90 days. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a report on Thursday. Robert W. Baird upped their price objective on shares of Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday. Evercore ISI increased their target price on shares of Verisk Analytics from $250.00 to $260.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $268.00 price objective on shares of Verisk Analytics in a report on Thursday. Finally, Morgan Stanley raised their price target on shares of Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $267.77.

Verisk Analytics Trading Down 1.6 %

Shares of Verisk Analytics stock traded down $4.38 during trading on Monday, hitting $262.28. The stock had a trading volume of 1,354,657 shares, compared to its average volume of 852,970. The firm’s fifty day simple moving average is $268.95 and its 200-day simple moving average is $249.03. The stock has a market cap of $37.35 billion, a PE ratio of 49.75, a PEG ratio of 3.28 and a beta of 0.84. The company has a debt-to-equity ratio of 5.86, a current ratio of 0.95 and a quick ratio of 1.09. Verisk Analytics, Inc. has a 12 month low of $215.32 and a 12 month high of $287.13.

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

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Sunday, September 15th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, September 13th. Verisk Analytics’s payout ratio is currently 29.10%.

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.