State of Alaska Department of Revenue Purchases 35,506 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

State of Alaska Department of Revenue lifted its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 110.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,667 shares of the business services provider’s stock after buying an additional 35,506 shares during the quarter. State of Alaska Department of Revenue’s holdings in Verisk Analytics were worth $10,700,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in Verisk Analytics by 4.1% during the first quarter. First Trust Advisors LP now owns 217,426 shares of the business services provider’s stock worth $28,918,000 after purchasing an additional 8,582 shares during the period. Fiera Capital Corp boosted its position in Verisk Analytics by 5.9% during the first quarter. Fiera Capital Corp now owns 21,256 shares of the business services provider’s stock worth $2,827,000 after purchasing an additional 1,186 shares during the period. MML Investors Services LLC boosted its position in Verisk Analytics by 25.3% during the first quarter. MML Investors Services LLC now owns 7,445 shares of the business services provider’s stock worth $990,000 after purchasing an additional 1,501 shares during the period. Rockefeller Capital Management L.P. boosted its position in Verisk Analytics by 9.9% during the first quarter. Rockefeller Capital Management L.P. now owns 7,765 shares of the business services provider’s stock worth $1,033,000 after purchasing an additional 702 shares during the period. Finally, GAM Holding AG boosted its position in Verisk Analytics by 28.0% during the first quarter. GAM Holding AG now owns 8,555 shares of the business services provider’s stock worth $1,138,000 after purchasing an additional 1,874 shares during the period. 91.37% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on VRSK. BidaskClub raised shares of Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Robert W. Baird boosted their target price on shares of Verisk Analytics from $137.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. UBS Group boosted their target price on shares of Verisk Analytics from $119.00 to $124.00 and gave the company a “sell” rating in a research report on Wednesday, July 10th. Bank of America boosted their target price on shares of Verisk Analytics from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, ValuEngine cut shares of Verisk Analytics from a “buy” rating to a “hold” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $144.40.

In related news, insider Vincent De P. Mccarthy sold 46,229 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $156.87, for a total value of $7,251,943.23. Following the completion of the transaction, the insider now owns 53,922 shares of the company’s stock, valued at $8,458,744.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vincent De P. Mccarthy sold 3,591 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $157.85, for a total value of $566,839.35. Following the completion of the transaction, the insider now directly owns 36,033 shares of the company’s stock, valued at approximately $5,687,809.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,670 shares of company stock valued at $10,384,924. 2.71% of the stock is owned by insiders.

Shares of Verisk Analytics stock traded up $3.23 during trading on Friday, reaching $157.54. The company’s stock had a trading volume of 548,314 shares, compared to its average volume of 741,624. The business’s 50-day moving average price is $158.12 and its 200-day moving average price is $147.02. The firm has a market cap of $25.76 billion, a PE ratio of 38.33, a P/E/G ratio of 3.49 and a beta of 0.70. Verisk Analytics, Inc. has a 52 week low of $102.74 and a 52 week high of $164.97. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.21.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, July 30th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.10. The company had revenue of $652.60 million during the quarter, compared to analysts’ expectations of $642.61 million. Verisk Analytics had a net margin of 23.97% and a return on equity of 33.05%. Verisk Analytics’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.06 earnings per share. Equities analysts predict that Verisk Analytics, Inc. will post 4.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, September 12th. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.33%.

Verisk Analytics Profile

Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.

See Also: Market Capitalization in the Stock Market

Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.