ASB Consultores LLC Cuts Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

ASB Consultores LLC lessened its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 23.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 771 shares of the business services provider’s stock after selling 238 shares during the quarter. ASB Consultores LLC’s holdings in Verisk Analytics were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Brookstone Capital Management lifted its stake in shares of Verisk Analytics by 1.2% in the second quarter. Brookstone Capital Management now owns 3,517 shares of the business services provider’s stock worth $982,000 after buying an additional 41 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Verisk Analytics by 19.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 263 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 42 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Verisk Analytics by 2.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,533 shares of the business services provider’s stock worth $361,000 after purchasing an additional 43 shares in the last quarter. Webster Bank N. A. increased its holdings in shares of Verisk Analytics by 28.4% in the 1st quarter. Webster Bank N. A. now owns 208 shares of the business services provider’s stock worth $49,000 after purchasing an additional 46 shares in the last quarter. Finally, Wedmont Private Capital raised its stake in shares of Verisk Analytics by 2.7% in the second quarter. Wedmont Private Capital now owns 1,910 shares of the business services provider’s stock worth $530,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.

Wall Street Analysts Forecast Growth

VRSK has been the subject of several research analyst reports. UBS Group lifted their price objective on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Company upgraded shares of Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Evercore ISI boosted their target price on shares of Verisk Analytics from $250.00 to $260.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $268.00 price target on shares of Verisk Analytics in a research note on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $275.23.

Insider Transactions at Verisk Analytics

In related news, insider Kathy Card Beckles sold 326 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total value of $88,743.72. Following the transaction, the insider now directly owns 7,470 shares of the company’s stock, valued at approximately $2,033,483.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Kathy Card Beckles sold 326 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $272.22, for a total transaction of $88,743.72. Following the completion of the transaction, the insider now directly owns 7,470 shares of the company’s stock, valued at $2,033,483.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $277.38, for a total transaction of $55,476.00. Following the completion of the sale, the chief financial officer now owns 16,408 shares in the company, valued at approximately $4,551,251.04. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Verisk Analytics Trading Down 0.4 %

Shares of NASDAQ:VRSK opened at $264.85 on Friday. Verisk Analytics, Inc. has a 12-month low of $215.32 and a 12-month high of $287.13. The company has a market cap of $37.72 billion, a PE ratio of 49.41, a price-to-earnings-growth ratio of 3.42 and a beta of 0.86. The stock has a 50 day moving average of $270.78 and a 200 day moving average of $254.80. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 5.86.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 EPS for the quarter, beating the consensus estimate of $1.64 by $0.10. The firm had revenue of $716.80 million for the quarter, compared to the consensus estimate of $722.45 million. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $1.51 EPS. As a group, equities research analysts expect that Verisk Analytics, Inc. will post 6.56 EPS for the current year.

Verisk Analytics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Sunday, September 15th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.59%. Verisk Analytics’s payout ratio is 29.10%.

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.