Bleakley Financial Group LLC Buys 143 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Bleakley Financial Group LLC lifted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,083 shares of the business services provider’s stock after acquiring an additional 143 shares during the period. Bleakley Financial Group LLC’s holdings in Verisk Analytics were worth $1,094,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Verisk Analytics by 1.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 362,915 shares of the business services provider’s stock worth $85,550,000 after purchasing an additional 4,147 shares during the last quarter. Diversified Trust Co acquired a new stake in Verisk Analytics in the second quarter valued at $1,325,000. Global Assets Advisory LLC acquired a new stake in Verisk Analytics in the first quarter valued at $11,582,000. OFI Invest Asset Management lifted its stake in Verisk Analytics by 2,181.7% in the second quarter. OFI Invest Asset Management now owns 2,875 shares of the business services provider’s stock valued at $723,000 after acquiring an additional 2,749 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Verisk Analytics in the first quarter valued at $1,115,000. Institutional investors own 90.00% of the company’s stock.

Wall Street Analyst Weigh In

VRSK has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Company upgraded shares of Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Barclays raised their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $279.00 price target on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $278.67.

Verisk Analytics Trading Up 0.1 %

VRSK opened at $267.62 on Monday. The company’s 50 day moving average is $268.88 and its 200-day moving average is $259.74. Verisk Analytics, Inc. has a 1-year low of $215.32 and a 1-year high of $287.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 5.86. The company has a market cap of $38.11 billion, a P/E ratio of 43.44, a PEG ratio of 3.40 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Wednesday, July 31st. The business services provider reported $1.74 EPS for the quarter, topping the consensus estimate of $1.64 by $0.10. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The business had revenue of $716.80 million for the quarter, compared to the consensus estimate of $722.45 million. During the same period last year, the company earned $1.51 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts predict that Verisk Analytics, Inc. will post 6.57 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Sunday, September 15th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.58%. Verisk Analytics’s dividend payout ratio (DPR) is currently 25.32%.

Insider Transactions at Verisk Analytics

In other news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total value of $54,266.00. Following the transaction, the chief financial officer now owns 15,808 shares in the company, valued at approximately $4,289,184.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

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.