Geneva Capital Management LLC decreased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 160,396 shares of the business services provider’s stock after selling 8,124 shares during the period. Geneva Capital Management LLC’s holdings in Verisk Analytics were worth $28,024,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in VRSK. CSat Investment Advisory L.P. lifted its position in Verisk Analytics by 80.0% in the first quarter. CSat Investment Advisory L.P. now owns 171 shares of the business services provider’s stock worth $30,000 after purchasing an additional 76 shares during the period. Trustcore Financial Services LLC lifted its position in Verisk Analytics by 143.2% in the second quarter. Trustcore Financial Services LLC now owns 214 shares of the business services provider’s stock worth $37,000 after purchasing an additional 126 shares during the period. Sycomore Asset Management bought a new position in Verisk Analytics in the first quarter worth $61,000. Solstein Capital LLC bought a new position in Verisk Analytics in the first quarter worth $68,000. Finally, Key Financial Inc lifted its position in Verisk Analytics by 18.7% in the second quarter. Key Financial Inc now owns 356 shares of the business services provider’s stock worth $68,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 87.85% of the company’s stock.
VRSK stock traded up $2.26 during midday trading on Thursday, reaching $207.82. The stock had a trading volume of 3,524 shares, compared to its average volume of 936,435. The business has a fifty day simple moving average of $195.17 and a two-hundred day simple moving average of $183.42. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.97. The firm has a market cap of $33.53 billion, a price-to-earnings ratio of 49.41, a PEG ratio of 3.91 and a beta of 0.78. Verisk Analytics, Inc. has a twelve month low of $159.79 and a twelve month high of $210.66.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be given a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $1.16 dividend on an annualized basis and a yield of 0.56%. Verisk Analytics’s payout ratio is 23.02%.
In other news, CFO Lee Shavel sold 483 shares of the business’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $201.91, for a total transaction of $97,522.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David B. Wright sold 3,870 shares of the business’s stock in a transaction dated Tuesday, September 7th. The stock was sold at an average price of $203.28, for a total value of $786,693.60. Following the transaction, the director now owns 17,688 shares of the company’s stock, valued at $3,595,616.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,836 shares of company stock valued at $969,002. Corporate insiders own 2.28% of the company’s stock.
Several research analysts recently commented on VRSK shares. Morgan Stanley reduced their target price on Verisk Analytics from $209.00 to $207.00 and set an “overweight” rating for the company in a research report on Thursday, August 5th. BMO Capital Markets lifted their price objective on Verisk Analytics from $182.00 to $195.00 and gave the company a “market perform” rating in a report on Thursday, August 5th. They noted that the move was a valuation call. Finally, Raymond James lifted their price objective on Verisk Analytics from $190.00 to $210.00 and gave the company an “outperform” rating in a report on Monday, August 9th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $205.89.
Verisk Analytics Profile
Verisk Analytics, Inc is a data analytics provider, which engages in the provision of data analytics for customers in insurance, energy markets and financial services. It operates through the following segments: Insurance, Energy & Specialized Markets, and Financial Services. The Insurance segment serves insurance customers and focuses on the prediction of loss, the selection and pricing of risk, and compliance.
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