Verisk Analytics, Inc. (NASDAQ:VRSK) Stock Position Cut by Atria Investments Inc

Atria Investments Inc decreased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,835 shares of the business services provider’s stock after selling 1,051 shares during the period. Atria Investments Inc’s holdings in Verisk Analytics were worth $5,315,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in Verisk Analytics in the second quarter worth approximately $31,000. Chilton Capital Management LLC bought a new stake in shares of Verisk Analytics in the 2nd quarter worth $34,000. Rothschild Investment LLC acquired a new stake in shares of Verisk Analytics in the second quarter valued at $41,000. Kings Path Partners LLC bought a new position in Verisk Analytics during the second quarter valued at about $46,000. Finally, Crewe Advisors LLC acquired a new position in Verisk Analytics during the first quarter worth about $49,000. 90.00% of the stock is owned by institutional investors and hedge funds.

Verisk Analytics Stock Up 0.0 %

NASDAQ:VRSK opened at $285.01 on Tuesday. Verisk Analytics, Inc. has a 1-year low of $217.34 and a 1-year high of $288.39. The firm has a market capitalization of $40.25 billion, a price-to-earnings ratio of 44.46, a PEG ratio of 3.58 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. The business’s fifty day moving average price is $270.04 and its 200 day moving average price is $264.83.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (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 business had revenue of $725.30 million during the quarter, compared to analyst estimates of $722.19 million. During the same period in the prior year, the firm earned $1.52 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently declared 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. This represents a $1.56 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, December 13th. Verisk Analytics’s dividend payout ratio is currently 24.34%.

Analyst Ratings Changes

Several research firms have recently weighed in on VRSK. Robert W. Baird raised their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Evercore ISI restated an “in-line” rating and set a $279.00 target price on shares of Verisk Analytics in a report on Wednesday, October 2nd. Morgan Stanley upped their price target on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Royal Bank of Canada raised 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. Finally, Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $285.80.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the transaction, the chief financial officer now owns 15,808 shares in the company, valued at $4,289,184.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.

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.