Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Bought by Assetmark Inc.

Assetmark Inc. lifted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,730 shares of the business services provider’s stock after acquiring an additional 513 shares during the quarter. Assetmark Inc.’s holdings in Verisk Analytics were worth $1,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marshall Financial Group LLC raised its stake in shares of Verisk Analytics by 0.8% in the 3rd quarter. Marshall Financial Group LLC now owns 4,932 shares of the business services provider’s stock worth $1,322,000 after buying an additional 38 shares in the last quarter. Signaturefd LLC lifted its holdings in Verisk Analytics by 1.5% in the 3rd quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock valued at $693,000 after acquiring an additional 38 shares during the last quarter. Brookstone Capital Management boosted its position in shares of Verisk Analytics by 1.2% during the 2nd quarter. Brookstone Capital Management now owns 3,517 shares of the business services provider’s stock valued at $982,000 after purchasing an additional 41 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Verisk Analytics by 19.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 263 shares of the business services provider’s stock worth $57,000 after purchasing an additional 42 shares during the last quarter. Finally, Ascent Group LLC raised its holdings in shares of Verisk Analytics by 1.8% in the 2nd quarter. Ascent Group LLC now owns 2,465 shares of the business services provider’s stock worth $664,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Analyst Upgrades and Downgrades

VRSK has been the subject of a number of research reports. 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. Robert W. Baird lifted their target price on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Royal Bank of Canada upped their target price on Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Wells Fargo & Company raised Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Barclays raised their target price on shares of Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a report 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 stock. Based on data from MarketBeat.com, Verisk Analytics presently has an average rating of “Moderate Buy” and an average target price of $285.80.

Verisk Analytics Price Performance

NASDAQ VRSK opened at $290.04 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. The stock has a market capitalization of $40.96 billion, a PE ratio of 45.13, a price-to-earnings-growth ratio of 3.61 and a beta of 0.86. Verisk Analytics, Inc. has a 12-month low of $217.34 and a 12-month high of $291.42. The company has a 50 day moving average price of $270.56 and a two-hundred day moving average price of $265.74.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data 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. The firm had revenue of $725.30 million during the quarter, compared to analysts’ expectations of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. Verisk Analytics’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 earnings per share. As a group, equities analysts predict 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. Shareholders of record on Friday, December 13th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 annualized dividend and a yield of 0.54%. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total transaction 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

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.