Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Purchased by Fmr LLC

Fmr LLC increased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 6.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,618,971 shares of the business services provider’s stock after acquiring an additional 283,653 shares during the period. Fmr LLC’s holdings in Verisk Analytics were worth $1,237,700,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Bowie Capital Management LLC lifted its position in shares of Verisk Analytics by 14.0% in the third quarter. Bowie Capital Management LLC now owns 62,955 shares of the business services provider’s stock valued at $16,869,000 after acquiring an additional 7,754 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Verisk Analytics by 11.2% in the third quarter. Brown Brothers Harriman & Co. now owns 2,335 shares of the business services provider’s stock worth $626,000 after acquiring an additional 236 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of Verisk Analytics in the third quarter worth approximately $377,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Verisk Analytics in the third quarter worth approximately $834,000. Finally, Douglass Winthrop Advisors LLC boosted its stake in shares of Verisk Analytics by 20.9% in the third quarter. Douglass Winthrop Advisors LLC now owns 12,740 shares of the business services provider’s stock worth $3,414,000 after acquiring an additional 2,200 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Verisk Analytics Price Performance

NASDAQ:VRSK opened at $294.75 on Wednesday. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $296.10. 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 company has a market capitalization of $41.62 billion, a P/E ratio of 45.98, a P/E/G ratio of 3.65 and a beta of 0.86. The stock’s fifty day moving average is $273.66 and its two-hundred day moving average is $269.24.

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

Verisk Analytics Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.53%. Verisk Analytics’s dividend payout ratio is presently 24.34%.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $286.49, for a total transaction of $57,298.00. Following the sale, the chief financial officer now owns 15,608 shares in the company, valued at $4,471,535.92. This represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lee Shavel sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $286.49, for a total value of $286,490.00. Following the sale, the chief executive officer now owns 54,163 shares in the company, valued at approximately $15,517,157.87. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,400 shares of company stock worth $678,764. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Evercore ISI reaffirmed an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Robert W. Baird lifted their price target on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets lifted their price target on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Wells Fargo & Company raised Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Royal Bank of Canada boosted their price objective on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $285.80.

About Verisk Analytics

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.