Eventide Asset Management LLC Sells 386 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Eventide Asset Management LLC lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,752 shares of the business services provider’s stock after selling 386 shares during the period. Eventide Asset Management LLC’s holdings in Verisk Analytics were worth $22,710,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Verisk Analytics during the 2nd quarter valued at $31,000. Chilton Capital Management LLC bought a new position in Verisk Analytics in the 2nd quarter worth about $34,000. Ashton Thomas Securities LLC bought a new position in Verisk Analytics in the 3rd quarter worth about $34,000. Rothschild Investment LLC bought a new position in Verisk Analytics in the 2nd quarter worth about $41,000. Finally, Kings Path Partners LLC bought a new position in Verisk Analytics in the 2nd quarter worth about $46,000. Institutional investors own 90.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Robert W. Baird boosted their target price on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their target price on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their price target on shares of Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, BMO Capital Markets upped their price target 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. Six equities research 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, Verisk Analytics has an average rating of “Moderate Buy” and an average price target of $285.80.

Verisk Analytics Price Performance

NASDAQ:VRSK opened at $294.56 on Friday. The business’s 50-day simple moving average is $274.83 and its two-hundred day simple moving average is $269.59. The stock has a market cap of $41.59 billion, a PE ratio of 45.95, a P/E/G ratio of 3.69 and a beta of 0.86. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week 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.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. The firm had revenue of $725.30 million during the quarter, compared to analyst estimates of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. Verisk Analytics’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. As a group, 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. Stockholders of record on Friday, December 13th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.53%. Verisk Analytics’s dividend payout ratio (DPR) is 24.34%.

Insider Activity

In related news, CFO Elizabeth Mann sold 200 shares of the business’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 completion of the transaction, the chief financial officer now owns 15,608 shares in the company, valued at $4,471,535.92. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lee Shavel sold 1,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was 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 owns 53,163 shares of the company’s stock, valued at $14,923,385.73. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,400 shares of company stock worth $678,764. 0.40% of the stock is currently owned by insiders.

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.