KCM Investment Advisors LLC Increases Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

KCM Investment Advisors LLC raised its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.3% in the third quarter, Holdings Channel reports. The institutional investor owned 3,836 shares of the business services provider’s stock after purchasing an additional 86 shares during the period. KCM Investment Advisors LLC’s holdings in Verisk Analytics were worth $1,028,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Legal & General Group Plc increased its stake in shares of Verisk Analytics by 7.4% during the second 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 in the last quarter. TD Asset Management Inc boosted its holdings in Verisk Analytics by 5.5% in the 2nd quarter. TD Asset Management Inc now owns 1,502,614 shares of the business services provider’s stock valued at $405,030,000 after purchasing an additional 78,008 shares during the last quarter. GUARDCAP ASSET MANAGEMENT Ltd grew its stake in shares of Verisk Analytics by 1.1% in the 1st 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 raised 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 period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Verisk Analytics by 6.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 613,185 shares of the business services provider’s stock valued at $165,284,000 after acquiring an additional 38,258 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Royal Bank of Canada boosted their price target on shares of Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Barclays increased their price objective on shares of Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Evercore ISI reissued an “in-line” rating and issued a $279.00 target price on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Finally, Robert W. Baird raised their price target on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Verisk Analytics presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.80.

Verisk Analytics Stock Down 1.9 %

Shares of NASDAQ VRSK opened at $280.80 on Friday. Verisk Analytics, Inc. has a 12-month low of $217.34 and a 12-month high of $291.42. The stock has a market cap of $39.65 billion, a P/E ratio of 43.81, a PEG ratio of 3.59 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. The business’s fifty day simple moving average is $271.31 and its 200-day simple moving average is $266.46.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. The business had revenue of $725.30 million during the quarter, compared to the consensus estimate of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Insider Buying and Selling at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total transaction of $54,266.00. Following the sale, the chief financial officer now directly owns 15,808 shares in the company, valued at $4,289,184.64. This trade represents a 1.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by insiders.

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.