Verisk Analytics, Inc. (NASDAQ:VRSK) Position Trimmed by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,711 shares of the business services provider’s stock after selling 114 shares during the quarter. Intech Investment Management LLC’s holdings in Verisk Analytics were worth $5,583,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Epoch Investment Partners Inc. boosted its holdings in shares of Verisk Analytics by 225.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 205,110 shares of the business services provider’s stock valued at $48,993,000 after acquiring an additional 142,088 shares during the period. Pinebridge Investments L.P. boosted its holdings in shares of Verisk Analytics by 64.2% during the fourth quarter. Pinebridge Investments L.P. now owns 8,231 shares of the business services provider’s stock valued at $1,966,000 after acquiring an additional 3,219 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Verisk Analytics during the fourth quarter valued at $698,000. Vanguard Group Inc. lifted its holdings in Verisk Analytics by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 16,407,133 shares of the business services provider’s stock worth $3,919,008,000 after purchasing an additional 170,620 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Verisk Analytics by 1.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 362,915 shares of the business services provider’s stock worth $85,550,000 after purchasing an additional 4,147 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Wall Street Analysts Forecast Growth

VRSK has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $268.00 price objective on shares of Verisk Analytics in a report on Thursday, August 1st. Evercore ISI upped their price objective on shares of Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. BMO Capital Markets reduced their price objective on shares of Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating for the company in a report on Thursday, August 1st. Finally, Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Eight equities research analysts have rated the stock with a hold rating, six have given 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 an average target price of $275.23.

Insiders Place Their Bets

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

Verisk Analytics Price Performance

NASDAQ VRSK opened at $264.85 on Friday. The stock’s 50-day moving average price is $270.78 and its two-hundred day moving average price is $254.92. 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 company has a market cap of $37.72 billion, a PE ratio of 49.41, a PEG ratio of 3.42 and a beta of 0.86. Verisk Analytics, Inc. has a 1 year low of $215.32 and a 1 year high of $287.13.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data 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 firm had revenue of $716.80 million for the quarter, compared to the consensus estimate 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 for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.51 EPS. On average, analysts predict that Verisk Analytics, Inc. will post 6.56 EPS for the current year.

Verisk Analytics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.56 annualized dividend and a yield of 0.59%. Verisk Analytics’s payout ratio is presently 29.10%.

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.