Vinva Investment Management Ltd Trims Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Vinva Investment Management Ltd reduced its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 37.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,414 shares of the business services provider’s stock after selling 7,285 shares during the period. Vinva Investment Management Ltd’s holdings in Verisk Analytics were worth $3,280,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Marshall Financial Group LLC lifted its holdings in shares of Verisk Analytics by 0.8% during 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 increased its position in Verisk Analytics by 1.5% during the 3rd quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock valued at $693,000 after buying an additional 38 shares in the last quarter. Brookstone Capital Management raised its stake in Verisk Analytics by 1.2% during the second quarter. Brookstone Capital Management now owns 3,517 shares of the business services provider’s stock valued at $982,000 after buying an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Verisk Analytics by 19.0% in the first quarter. EverSource Wealth Advisors LLC now owns 263 shares of the business services provider’s stock worth $57,000 after acquiring an additional 42 shares in 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 acquiring an additional 43 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Stock Performance

Shares of VRSK opened at $294.56 on Friday. Verisk Analytics, Inc. has a one year low of $217.34 and a one year high of $296.58. The business has a fifty day moving average of $274.83 and a 200 day moving average of $269.59. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $41.59 billion, a P/E ratio of 45.95, a PEG ratio of 3.69 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate 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%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. As a group, sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 annualized dividend and a yield of 0.53%. Verisk Analytics’s payout ratio is presently 24.34%.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, CEO Lee Shavel sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $280.71, for a total transaction of $280,710.00. Following the sale, the chief executive officer now owns 53,163 shares in the company, valued at approximately $14,923,385.73. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total transaction of $54,266.00. Following the completion of the transaction, the chief financial officer now owns 15,808 shares of the company’s stock, valued at approximately $4,289,184.64. The trade was a 1.25 % 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 in the last 90 days. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Royal Bank of Canada upped their target price on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised 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. Wells Fargo & Company raised Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Barclays increased their target price on Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $285.80.

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.