Glenmede Trust Co. NA Sells 160 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Glenmede Trust Co. NA lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,341 shares of the business services provider’s stock after selling 160 shares during the period. Glenmede Trust Co. NA’s holdings in Verisk Analytics were worth $1,699,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in Verisk Analytics during the 2nd quarter valued at about $31,000. Chilton Capital Management LLC bought a new position in shares of Verisk Analytics during the second quarter valued at approximately $34,000. Ashton Thomas Securities LLC purchased a new position in shares of Verisk Analytics during the third quarter valued at approximately $34,000. Rothschild Investment LLC bought a new stake in shares of Verisk Analytics in the 2nd quarter worth approximately $41,000. Finally, Kings Path Partners LLC bought a new stake in shares of Verisk Analytics in the 2nd quarter worth approximately $46,000. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Stock Performance

NASDAQ:VRSK opened at $294.21 on Monday. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s fifty day moving average is $275.42 and its 200 day moving average is $270.24. The firm has a market capitalization of $41.55 billion, a PE ratio of 45.90, a PEG ratio of 3.69 and a beta of 0.86. Verisk Analytics, Inc. has a fifty-two week low of $217.34 and a fifty-two week high of $296.58.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.07. The firm had revenue of $725.30 million during the quarter, compared to analyst estimates of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business earned $1.52 EPS. On average, sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.53%. Verisk Analytics’s dividend payout ratio is 24.34%.

Analyst Upgrades and Downgrades

VRSK has been the subject of a number of recent research reports. Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Royal Bank of Canada lifted their price target on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Barclays increased their price objective 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. Robert W. Baird lifted their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Evercore ISI reiterated an “in-line” rating and set a $279.00 price target on shares of Verisk Analytics in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $285.80.

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $286.49, for a total value of $57,298.00. Following the transaction, the chief financial officer now owns 15,608 shares of the company’s stock, valued at $4,471,535.92. This trade represents a 1.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lee Shavel sold 1,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $280.71, for a total transaction of $280,710.00. Following the completion of the sale, the chief executive officer now directly owns 53,163 shares of the company’s stock, valued at approximately $14,923,385.73. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,400 shares of company stock worth $678,764. 0.40% of the stock is currently owned by company insiders.

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.