Teachers Retirement System of The State of Kentucky Has $2.94 Million Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Teachers Retirement System of The State of Kentucky lowered its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,954 shares of the business services provider’s stock after selling 822 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Verisk Analytics were worth $2,935,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRSK. FMR LLC increased its holdings in Verisk Analytics by 6.5% in the 3rd quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock valued at $1,237,700,000 after buying an additional 283,653 shares during the period. Legal & General Group Plc boosted its position in shares of Verisk Analytics by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock worth $436,204,000 after acquiring an additional 111,364 shares in the last quarter. TD Asset Management Inc increased its stake in Verisk Analytics by 5.5% in the second quarter. TD Asset Management Inc now owns 1,502,614 shares of the business services provider’s stock valued at $405,030,000 after acquiring an additional 78,008 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Verisk Analytics by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,103,628 shares of the business services provider’s stock valued at $297,491,000 after purchasing an additional 85,202 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Verisk Analytics by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 801,150 shares of the business services provider’s stock worth $214,676,000 after purchasing an additional 8,262 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VRSK shares. BMO Capital Markets lifted their price target on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Barclays lifted their target price on 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 increased 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. Royal Bank of Canada lifted their price target on shares of Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Evercore ISI reissued an “in-line” rating and issued a $279.00 price objective on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Verisk Analytics has an average rating of “Moderate Buy” and a consensus price target of $289.80.

Verisk Analytics Price Performance

Shares of NASDAQ:VRSK opened at $283.35 on Friday. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $296.58. The firm has a market cap of $40.01 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 3.55 and a beta of 0.87. The firm’s fifty day moving average is $279.60 and its 200-day moving average is $272.64.

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

Verisk Analytics Announces Dividend

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

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total transaction of $54,266.00. Following the completion of the sale, the chief financial officer now directly owns 15,808 shares in the company, valued at approximately $4,289,184.64. This trade represents a 1.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $280,710.00. Following the completion of the transaction, the chief executive officer now directly owns 53,163 shares in the company, valued at $14,923,385.73. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,400 shares of company stock worth $678,764. 0.40% of the stock is currently owned by 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.