Sumitomo Mitsui DS Asset Management Company Ltd Has $1.54 Million Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 10.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,711 shares of the business services provider’s stock after buying an additional 892 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Verisk Analytics were worth $1,535,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ensemble Capital Management LLC boosted its position in Verisk Analytics by 19.8% in the second quarter. Ensemble Capital Management LLC now owns 35,650 shares of the business services provider’s stock valued at $5,221,000 after buying an additional 5,880 shares in the last quarter. BTIM Corp. boosted its position in Verisk Analytics by 0.5% in the second quarter. BTIM Corp. now owns 35,899 shares of the business services provider’s stock valued at $5,257,000 after buying an additional 169 shares in the last quarter. AXA boosted its position in Verisk Analytics by 16.2% in the second quarter. AXA now owns 382,611 shares of the business services provider’s stock valued at $56,036,000 after buying an additional 53,460 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in shares of Verisk Analytics during the second quarter worth $2,540,000. Finally, Progressive Investment Management Corp lifted its holdings in shares of Verisk Analytics by 1.0% during the second quarter. Progressive Investment Management Corp now owns 36,458 shares of the business services provider’s stock worth $5,340,000 after purchasing an additional 378 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

In related news, Director David B. Wright sold 14,728 shares of Verisk Analytics stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $152.19, for a total transaction of $2,241,454.32. Following the completion of the transaction, the director now owns 26,207 shares of the company’s stock, valued at $3,988,443.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vincent De P. Mccarthy sold 46,229 shares of Verisk Analytics stock in a transaction on Friday, September 13th. The stock was sold at an average price of $156.87, for a total transaction of $7,251,943.23. Following the transaction, the insider now directly owns 53,922 shares of the company’s stock, valued at approximately $8,458,744.14. The disclosure for this sale can be found here. Insiders have sold 66,670 shares of company stock valued at $10,384,924 in the last three months. 2.71% of the stock is owned by insiders.

A number of brokerages have recently commented on VRSK. UBS Group lifted their price target on shares of Verisk Analytics from $119.00 to $124.00 and gave the stock a “sell” rating in a report on Wednesday, July 10th. BidaskClub lowered shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods began coverage on shares of Verisk Analytics in a report on Monday, September 23rd. They set a “market perform” rating and a $166.00 price target on the stock. Bank of America lifted their price target on shares of Verisk Analytics from $146.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, ValuEngine lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $147.60.

Shares of NASDAQ:VRSK traded down $0.80 during mid-day trading on Friday, reaching $154.42. 929,628 shares of the company’s stock were exchanged, compared to its average volume of 689,905. The firm has a market capitalization of $25.38 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 3.47 and a beta of 0.70. The business’s fifty day moving average price is $158.02 and its 200-day moving average price is $148.88. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.77 and a current ratio of 0.77. Verisk Analytics, Inc. has a twelve month low of $102.74 and a twelve month high of $164.97.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.10 EPS for the quarter, hitting analysts’ consensus estimates of $1.10. Verisk Analytics had a net margin of 23.97% and a return on equity of 33.05%. The company had revenue of $652.60 million for the quarter, compared to analyst estimates of $642.61 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. Verisk Analytics’s revenue was up 8.5% compared to the same quarter last year. Analysts predict that Verisk Analytics, Inc. will post 4.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Thursday, September 12th. Verisk Analytics’s dividend payout ratio is presently 24.33%.

Verisk Analytics Company 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.

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

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