Logan Capital Management Inc. Has $14.58 Million Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Logan Capital Management Inc. lifted its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,420 shares of the business services provider’s stock after buying an additional 50 shares during the quarter. Logan Capital Management Inc.’s holdings in Verisk Analytics were worth $14,582,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Verisk Analytics by 4.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,432 shares of the business services provider’s stock valued at $3,890,000 after purchasing an additional 573 shares during the period. Assenagon Asset Management S.A. lifted its stake in Verisk Analytics by 2,331.7% in the second quarter. Assenagon Asset Management S.A. now owns 81,169 shares of the business services provider’s stock valued at $21,879,000 after buying an additional 77,831 shares during the period. Blue Trust Inc. boosted its holdings in shares of Verisk Analytics by 177.4% during the 2nd quarter. Blue Trust Inc. now owns 821 shares of the business services provider’s stock worth $221,000 after buying an additional 525 shares in the last quarter. Stanley Laman Group Ltd. acquired a new stake in shares of Verisk Analytics during the 2nd quarter worth approximately $227,000. Finally, Brookstone Capital Management increased its stake in shares of Verisk Analytics by 1.2% in the 2nd quarter. Brookstone Capital Management now owns 3,517 shares of the business services provider’s stock valued at $982,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Insider Activity

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

Verisk Analytics Stock Performance

Verisk Analytics stock traded down $2.10 during trading on Friday, hitting $282.81. The stock had a trading volume of 21,657 shares, compared to its average volume of 775,110. The stock’s 50 day moving average is $279.25 and its two-hundred day moving average is $272.25. Verisk Analytics, Inc. has a 1 year low of $217.34 and a 1 year high of $296.58. The stock has a market cap of $39.94 billion, a price-to-earnings ratio of 44.51, a price-to-earnings-growth ratio of 3.57 and a beta of 0.87. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36.

Verisk Analytics (NASDAQ:VRSK) last issued its 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. The business had revenue of $725.30 million for 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%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 EPS. As a group, analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, December 13th. Verisk Analytics’s dividend payout ratio is presently 24.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Robert W. Baird raised their price objective on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price objective on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Evercore ISI reiterated an “in-line” rating and issued a $279.00 target price on shares of Verisk Analytics in a report on Wednesday, October 2nd. Finally, Barclays boosted their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $289.80.

Verisk Analytics Company 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.