Community Financial Services Group LLC Has $3.59 Million Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Community Financial Services Group LLC boosted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,409 shares of the business services provider’s stock after buying an additional 400 shares during the quarter. Community Financial Services Group LLC’s holdings in Verisk Analytics were worth $3,593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Epoch Investment Partners Inc. raised its stake in Verisk Analytics by 60.4% during the 2nd quarter. Epoch Investment Partners Inc. now owns 541,426 shares of the business services provider’s stock worth $145,941,000 after buying an additional 203,951 shares during the period. Swedbank AB bought a new stake in Verisk Analytics during the 1st quarter worth approximately $28,739,000. Acadian Asset Management LLC increased its holdings in Verisk Analytics by 187.1% during the 2nd quarter. Acadian Asset Management LLC now owns 171,835 shares of the business services provider’s stock worth $46,305,000 after purchasing an additional 111,992 shares in the last quarter. Legal & General Group Plc increased its holdings in Verisk Analytics by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock worth $436,204,000 after purchasing an additional 111,364 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Verisk Analytics by 33.7% during the 2nd quarter. Renaissance Technologies LLC now owns 373,800 shares of the business services provider’s stock worth $100,758,000 after purchasing an additional 94,300 shares in the last quarter. 90.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays upped their target price on Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Morgan Stanley upped their price objective on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Robert W. Baird upped their price objective on Verisk Analytics from $268.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. UBS Group upped their price objective on Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Finally, BMO Capital Markets dropped their price objective 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. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Verisk Analytics presently has an average rating of “Moderate Buy” and an average price target of $278.67.

Verisk Analytics Stock Up 0.2 %

Shares of NASDAQ:VRSK opened at $268.09 on Tuesday. The stock’s 50-day moving average price is $268.99 and its 200-day moving average price is $260.03. Verisk Analytics, Inc. has a 12-month low of $215.32 and a 12-month high of $287.13. The stock has a market capitalization of $38.25 billion, a P/E ratio of 50.02, a price-to-earnings-growth ratio of 3.40 and a beta of 0.86. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 5.86.

Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.10. The company 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%. Verisk Analytics’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $1.51 earnings per share. On average, equities analysts anticipate that Verisk Analytics, Inc. will post 6.57 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Sunday, September 15th were paid a $0.39 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.58%. Verisk Analytics’s payout ratio is presently 29.10%.

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.