Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 22.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,761 shares of the business services provider’s stock after purchasing an additional 508 shares during the quarter. GAMMA Investing LLC’s holdings in Verisk Analytics were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Verisk Analytics during the 2nd quarter worth approximately $31,000. Chilton Capital Management LLC acquired a new stake in shares of Verisk Analytics during the 2nd quarter worth approximately $34,000. OFI Invest Asset Management acquired a new stake in shares of Verisk Analytics during the 1st quarter worth approximately $28,000. Rothschild Investment LLC acquired a new stake in shares of Verisk Analytics during the 2nd quarter worth approximately $41,000. Finally, Riverview Trust Co acquired a new stake in Verisk Analytics in the 1st quarter valued at approximately $40,000. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Verisk Analytics Stock Performance

NASDAQ:VRSK opened at $272.22 on Wednesday. Verisk Analytics, Inc. has a twelve month low of $215.32 and a twelve month 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 50-day moving average of $268.04 and a 200-day moving average of $257.41. The firm has a market cap of $38.77 billion, a price-to-earnings ratio of 50.79, a price-to-earnings-growth ratio of 3.38 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last announced 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 company had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $722.45 million. During the same period last year, the company posted $1.51 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts forecast that Verisk Analytics, Inc. will post 6.56 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Sunday, September 15th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, September 13th. Verisk Analytics’s payout ratio is 29.10%.

Wall Street Analyst Weigh In

VRSK has been the topic of several recent analyst reports. UBS Group lifted their target price on Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Barclays increased their target price on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird increased their target price 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $268.00 target price on shares of Verisk Analytics in a research report on Thursday, August 1st. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $276.69.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $277.38, for a total value of $55,476.00. Following the completion of the transaction, the chief financial officer now directly owns 16,408 shares in the company, valued at $4,551,251.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

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.