Geneva Capital Management LLC Cuts Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Geneva Capital Management LLC lessened its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,576 shares of the business services provider’s stock after selling 3,450 shares during the period. Geneva Capital Management LLC owned about 0.09% of Verisk Analytics worth $34,185,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in shares of Verisk Analytics by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock worth $436,204,000 after purchasing an additional 111,364 shares during the last quarter. TD Asset Management Inc increased its position in Verisk Analytics by 5.5% in the second quarter. TD Asset Management Inc now owns 1,502,614 shares of the business services provider’s stock worth $405,030,000 after buying an additional 78,008 shares during the last quarter. GUARDCAP ASSET MANAGEMENT Ltd raised its stake in shares of Verisk Analytics by 1.1% in the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,137,069 shares of the business services provider’s stock valued at $268,041,000 after buying an additional 12,231 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Verisk Analytics by 8.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,628 shares of the business services provider’s stock valued at $297,491,000 after buying an additional 85,202 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Verisk Analytics by 6.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 613,185 shares of the business services provider’s stock worth $165,284,000 after acquiring an additional 38,258 shares during the period. Institutional investors own 90.00% of the company’s stock.

Insider Buying and Selling at Verisk Analytics

In other news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the completion of the transaction, the chief financial officer now directly owns 15,808 shares in the company, valued at approximately $4,289,184.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Performance

NASDAQ:VRSK opened at $287.92 on Wednesday. The stock has a market cap of $40.66 billion, a P/E ratio of 44.92, a PEG ratio of 3.57 and a beta of 0.86. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. The business’s 50-day moving average price is $270.28 and its two-hundred day moving average price is $265.27. Verisk Analytics, Inc. has a twelve month low of $217.34 and a twelve month high of $289.40.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The business had revenue of $725.30 million for the quarter, compared to the consensus estimate of $722.19 million. During the same period last year, the firm posted $1.52 earnings per share. Verisk Analytics’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.39 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.54%. Verisk Analytics’s dividend payout ratio is presently 24.34%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VRSK shares. BMO Capital Markets boosted their price objective on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Robert W. Baird boosted their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised their price target on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Evercore ISI reiterated an “in-line” rating and set a $279.00 price objective on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $285.80.

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.