Northwestern Mutual Wealth Management Co. Has $1.49 Million Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Northwestern Mutual Wealth Management Co. boosted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 161.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,532 shares of the business services provider’s stock after buying an additional 3,417 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Verisk Analytics were worth $1,491,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Verisk Analytics by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 16,407,133 shares of the business services provider’s stock valued at $3,919,008,000 after purchasing an additional 170,620 shares in the last quarter. Legal & General Group Plc lifted its holdings in 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 valued at $436,204,000 after purchasing an additional 111,364 shares during the last quarter. TD Asset Management Inc boosted its position 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 buying an additional 78,008 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd grew its stake in Verisk Analytics by 1.1% during the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,137,069 shares of the business services provider’s stock worth $268,041,000 after buying an additional 12,231 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake 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 worth $297,491,000 after buying an additional 85,202 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on VRSK. UBS Group boosted their target price on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Evercore ISI restated an “in-line” rating and set a $279.00 target price on shares of Verisk Analytics in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $268.00 price target on shares of Verisk Analytics in a report on Thursday, August 1st. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Robert W. Baird boosted their target price on shares of Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $276.69.

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics 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 transaction, the chief financial officer now owns 16,408 shares of the company’s stock, valued at $4,551,251.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

Verisk Analytics Trading Down 1.8 %

VRSK opened at $265.67 on Friday. The firm has a 50 day simple moving average of $268.40 and a 200 day simple moving average of $257.05. Verisk Analytics, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $287.13. The company has a market cap of $37.90 billion, a price-to-earnings ratio of 49.57, a price-to-earnings-growth ratio of 3.41 and a beta of 0.86. 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 posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.10. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The company had revenue of $716.80 million for the quarter, compared to the consensus estimate of $722.45 million. During the same quarter in the prior year, the business posted $1.51 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that Verisk Analytics, Inc. will post 6.56 earnings per share for the current year.

Verisk Analytics Announces Dividend

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

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.