Verisk Analytics, Inc. (NASDAQ:VRSK) Holdings Decreased by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. reduced its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 23.1% in the 2nd quarter, Holdings Channel reports. The fund owned 3,330 shares of the business services provider’s stock after selling 1,000 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Verisk Analytics were worth $898,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in Verisk Analytics during the second quarter valued at $31,000. Chilton Capital Management LLC bought a new position in shares of Verisk Analytics during the 2nd quarter valued at $34,000. OFI Invest Asset Management acquired a new stake in shares of Verisk Analytics in the 1st quarter valued at $28,000. Frazier Financial Advisors LLC acquired a new stake in shares of Verisk Analytics in the 4th quarter valued at $32,000. Finally, DSM Capital Partners LLC bought a new stake in Verisk Analytics in the fourth quarter worth $33,000. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Verisk Analytics Stock Down 0.4 %

NASDAQ VRSK opened at $264.85 on Friday. Verisk Analytics, Inc. has a 1-year low of $215.32 and a 1-year high of $287.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 5.86. The stock’s 50 day moving average is $270.78 and its two-hundred day moving average is $254.80. The company has a market capitalization of $37.72 billion, a price-to-earnings ratio of 49.41, a PEG ratio of 3.42 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.10. The firm had revenue of $716.80 million for the quarter, compared to analysts’ expectations of $722.45 million. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.51 earnings per share. Equities analysts forecast that Verisk Analytics, Inc. will post 6.56 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Sunday, September 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend 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%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VRSK. Robert W. Baird upped their price target on Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Barclays increased their price target on Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Royal Bank of Canada restated an “outperform” rating and issued a $268.00 price objective on shares of Verisk Analytics in a research note on Thursday, August 1st. Evercore ISI raised 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 note on Tuesday, June 25th. Finally, UBS Group boosted their target price on shares of Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $275.23.

Insider Buying and Selling

In other Verisk Analytics news, insider Kathy Card Beckles sold 326 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total value of $88,743.72. Following the transaction, the insider now owns 7,470 shares of the company’s stock, valued at $2,033,483.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $277.38, for a total value of $55,476.00. Following the completion of the sale, the chief financial officer now owns 16,408 shares of the company’s stock, valued at $4,551,251.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kathy Card Beckles sold 326 shares of Verisk Analytics stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total value of $88,743.72. Following the completion of the sale, the insider now owns 7,470 shares of the company’s stock, valued at $2,033,483.40. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate 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.