Nvwm LLC Grows Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Nvwm LLC increased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,086 shares of the business services provider’s stock after buying an additional 79 shares during the period. Nvwm LLC’s holdings in Verisk Analytics were worth $1,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Diversified Trust Co bought a new position in shares of Verisk Analytics during the 2nd quarter valued at $1,325,000. OFI Invest Asset Management lifted its holdings in Verisk Analytics by 2,181.7% in the second quarter. OFI Invest Asset Management now owns 2,875 shares of the business services provider’s stock valued at $723,000 after acquiring an additional 2,749 shares during the period. GSA Capital Partners LLP purchased a new position in Verisk Analytics in the first quarter worth about $1,115,000. Twin Tree Management LP bought a new stake in shares of Verisk Analytics during the 1st quarter valued at about $2,340,000. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Verisk Analytics by 15.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 183,252 shares of the business services provider’s stock valued at $43,198,000 after purchasing an additional 24,977 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Price Performance

Shares of Verisk Analytics stock traded up $0.76 on Friday, hitting $275.48. 1,047,078 shares of the company traded hands, compared to its average volume of 609,307. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.95 and a current ratio of 0.82. The business has a 50-day simple moving average of $269.07 and a 200 day simple moving average of $262.52. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $287.13. The stock has a market capitalization of $38.90 billion, a P/E ratio of 42.98, a price-to-earnings-growth ratio of 3.47 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The company had revenue of $725.30 million for the quarter, compared to the consensus estimate of $722.19 million. During the same period in the previous year, the firm posted $1.52 EPS. Verisk Analytics’s revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts expect that Verisk Analytics, Inc. will post 6.61 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, December 13th. Verisk Analytics’s payout ratio is presently 24.34%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Evercore ISI reissued an “in-line” rating and issued a $279.00 price objective on shares of Verisk Analytics in a report on Wednesday, October 2nd. Barclays lifted their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley upped their price objective on Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their target price on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Wells Fargo & Company raised Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Verisk Analytics currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.80.

Insider Buying and Selling at Verisk Analytics

In other news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total transaction of $54,266.00. Following the sale, the chief financial officer now directly owns 15,808 shares of the company’s stock, valued at $4,289,184.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.

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.