Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,978 shares of the business services provider’s stock after purchasing an additional 308 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Verisk Analytics were worth $3,768,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VRSK. International Assets Investment Management LLC raised its holdings in shares of Verisk Analytics by 9,061.6% in the 4th quarter. International Assets Investment Management LLC now owns 26,752 shares of the business services provider’s stock valued at $6,390,000 after purchasing an additional 26,460 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in Verisk Analytics by 30.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 5,316 shares of the business services provider’s stock valued at $1,270,000 after buying an additional 1,230 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Verisk Analytics by 20.1% during the 4th quarter. Russell Investments Group Ltd. now owns 57,729 shares of the business services provider’s stock worth $13,779,000 after buying an additional 9,665 shares during the last quarter. Gilbert & Cook Inc. boosted its position in shares of Verisk Analytics by 8.5% during the 4th quarter. Gilbert & Cook Inc. now owns 3,416 shares of the business services provider’s stock worth $816,000 after acquiring an additional 267 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Verisk Analytics by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 22,174 shares of the business services provider’s stock valued at $5,296,000 after acquiring an additional 955 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, insider Kathy Card Beckles sold 326 shares of the firm’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 completion of the sale, the insider now owns 7,470 shares of the company’s stock, valued at $2,033,483.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Kathy Card Beckles sold 326 shares of Verisk Analytics stock in a transaction that occurred 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 sale, the insider now directly owns 7,470 shares in the company, valued at approximately $2,033,483.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $55,476.00. Following the completion of the sale, the chief financial officer now owns 16,408 shares in the company, valued at approximately $4,551,251.04. The disclosure for this sale can be found here. Insiders have sold a total of 726 shares of company stock worth $196,682 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Verisk Analytics Stock Performance

Shares of VRSK opened at $272.82 on Friday. The stock has a market capitalization of $38.86 billion, a P/E ratio of 50.90, a P/E/G ratio of 3.46 and a beta of 0.84. The company has a debt-to-equity ratio of 5.86, a quick ratio of 0.95 and a current ratio of 0.95. Verisk Analytics, Inc. has a 1 year low of $215.32 and a 1 year high of $287.13. The company’s fifty day moving average is $271.57 and its two-hundred day moving average is $251.98.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.10. The business had revenue of $716.80 million for 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%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.51 earnings per share. On average, sell-side analysts predict that Verisk Analytics, Inc. will post 6.56 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.57%. Verisk Analytics’s dividend payout ratio is currently 29.10%.

Wall Street Analyst Weigh In

VRSK has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating for the company in a research note on Thursday, August 1st. Evercore ISI upped their target price on shares of Verisk Analytics from $250.00 to $260.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Wells Fargo & Company upgraded shares of Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Morgan Stanley upped their price objective on shares of Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Verisk Analytics presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.54.

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.