Lombard Odier Asset Management Europe Ltd Buys Shares of 66,536 Verisk Analytics, Inc. (NASDAQ:VRSK)

Lombard Odier Asset Management Europe Ltd purchased a new position in Verisk Analytics, Inc. (NASDAQ:VRSK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 66,536 shares of the business services provider’s stock, valued at approximately $17,935,000.

Several other large investors also recently modified their holdings of the company. Brookstone Capital Management increased its holdings in Verisk Analytics by 1.2% during the second quarter. Brookstone Capital Management now owns 3,517 shares of the business services provider’s stock valued at $982,000 after buying an additional 41 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Verisk Analytics by 19.0% during the first 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 in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Verisk Analytics by 2.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,533 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 43 shares during the period. Webster Bank N. A. increased its position in Verisk Analytics by 28.4% in the first quarter. Webster Bank N. A. now owns 208 shares of the business services provider’s stock worth $49,000 after buying an additional 46 shares in the last quarter. Finally, Wedmont Private Capital increased its position in 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 buying an additional 50 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Trading Down 0.4 %

Shares of VRSK stock opened at $264.85 on Monday. The company has a market cap of $37.79 billion, a PE ratio of 49.41, a price-to-earnings-growth ratio of 3.42 and a beta of 0.86. Verisk Analytics, Inc. has a 1 year low of $215.32 and a 1 year high of $287.13. The stock’s 50 day simple moving average is $270.78 and its two-hundred day simple moving average is $255.05. The company has a debt-to-equity ratio of 5.86, a current ratio of 0.95 and a quick ratio of 0.95.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.10. The business had revenue of $716.80 million during 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 firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 earnings per share. Research analysts predict that Verisk Analytics, Inc. will post 6.56 earnings per share for the current year.

Verisk Analytics Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VRSK shares. Morgan Stanley boosted their price objective on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their price objective on shares of Verisk Analytics from $268.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $268.00 target price on shares of Verisk Analytics in a report on Thursday, August 1st. BMO Capital Markets decreased their price target on Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Verisk Analytics presently has an average rating of “Moderate Buy” and a consensus target price of $275.23.

Insider Buying and Selling

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