Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Bought by Kathmere Capital Management LLC

Kathmere Capital Management LLC increased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 13.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,628 shares of the business services provider’s stock after acquiring an additional 303 shares during the period. Kathmere Capital Management LLC’s holdings in Verisk Analytics were worth $708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in shares of Verisk Analytics during the 1st quarter valued at about $28,000. International Assets Investment Management LLC acquired a new stake in Verisk Analytics during the 2nd quarter worth about $31,000. Chilton Capital Management LLC purchased a new stake in Verisk Analytics during the second quarter valued at about $34,000. Riverview Trust Co acquired a new position in shares of Verisk Analytics in the first quarter worth about $40,000. Finally, Rothschild Investment LLC acquired a new position in shares of Verisk Analytics in the second quarter worth about $41,000. 90.00% of the stock is owned by institutional investors.

Insider Activity at Verisk Analytics

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

Analyst Ratings Changes

Several brokerages recently commented on VRSK. Barclays upped their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Royal Bank of Canada restated an “outperform” rating and issued a $268.00 target price on shares of Verisk Analytics in a report on Thursday, August 1st. Robert W. Baird lifted their price target on Verisk Analytics from $268.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Evercore ISI increased their price objective on Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Finally, BMO Capital Markets lowered their target price on Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a research note on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $275.23.

Verisk Analytics Price Performance

Shares of VRSK opened at $264.25 on Friday. The company has a debt-to-equity ratio of 5.86, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $37.70 billion, a PE ratio of 49.30, a PEG ratio of 3.37 and a beta of 0.86. The firm’s 50 day moving average price is $269.36 and its 200 day moving average price is $255.90. Verisk Analytics, Inc. has a twelve month low of $215.32 and a twelve month high of $287.13.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.10. The business had revenue of $716.80 million during the quarter, compared to analyst estimates of $722.45 million. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. Verisk Analytics’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 EPS. As a group, research analysts expect that Verisk Analytics, Inc. will post 6.56 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

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