Geneva Capital Management LLC Reduces Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Geneva Capital Management LLC lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,976 shares of the business services provider’s stock after selling 2,707 shares during the quarter. Geneva Capital Management LLC owned about 0.10% of Verisk Analytics worth $33,468,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. OFI Invest Asset Management bought a new position in Verisk Analytics in the 1st quarter worth approximately $28,000. CVA Family Office LLC bought a new position in shares of Verisk Analytics in the fourth quarter worth $30,000. Frazier Financial Advisors LLC purchased a new position in shares of Verisk Analytics in the fourth quarter valued at $32,000. DSM Capital Partners LLC bought a new stake in shares of Verisk Analytics during the 4th quarter valued at $33,000. Finally, Global Retirement Partners LLC lifted its holdings in Verisk Analytics by 48.5% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the business services provider’s stock worth $36,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, insider Nicholas Daffan sold 1,554 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $222.93, for a total value of $346,433.22. Following the completion of the sale, the insider now directly owns 51,715 shares in the company, valued at $11,528,824.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the transaction, the chief financial officer now directly owns 16,608 shares of the company’s stock, valued at approximately $4,356,444.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nicholas Daffan sold 1,554 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $222.93, for a total transaction of $346,433.22. Following the completion of the sale, the insider now owns 51,715 shares in the company, valued at approximately $11,528,824.95. The disclosure for this sale can be found here. Insiders have sold 3,591 shares of company stock worth $863,697 over the last 90 days. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VRSK. UBS Group lifted their target price on Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Tuesday. Evercore ISI increased their target price on shares of Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Finally, BMO Capital Markets boosted their price objective on Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $257.21.

Verisk Analytics Trading Down 0.9 %

Shares of NASDAQ VRSK traded down $2.43 during trading hours on Thursday, hitting $275.09. The company’s stock had a trading volume of 826,476 shares, compared to its average volume of 849,957. Verisk Analytics, Inc. has a 12 month low of $215.32 and a 12 month high of $279.59. The stock has a market cap of $39.25 billion, a price-to-earnings ratio of 51.47, a P/E/G ratio of 3.40 and a beta of 0.84. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50-day simple moving average of $259.02 and a 200-day simple moving average of $244.20.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.11. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The business had revenue of $704.00 million during the quarter, compared to analysts’ expectations of $699.07 million. During the same quarter last year, the business posted $1.29 EPS. The business’s revenue was up 8.0% on a year-over-year basis. On average, analysts anticipate that Verisk Analytics, Inc. will post 6.55 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Saturday, June 15th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, June 14th. Verisk Analytics’s payout ratio is 29.10%.

Verisk Analytics 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.