Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management boosted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 783.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,539 shares of the business services provider's stock after acquiring an additional 15,553 shares during the quarter. Dakota Wealth Management's holdings in Verisk Analytics were worth $5,220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRSK. Assenagon Asset Management S.A. raised its position in Verisk Analytics by 225.2% in the first quarter. Assenagon Asset Management S.A. now owns 14,919 shares of the business services provider's stock valued at $4,440,000 after purchasing an additional 10,331 shares during the period. Simon Quick Advisors LLC purchased a new stake in shares of Verisk Analytics during the first quarter worth $237,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Verisk Analytics during the first quarter worth $202,000. Vontobel Holding Ltd. increased its position in shares of Verisk Analytics by 21.9% during the first quarter. Vontobel Holding Ltd. now owns 77,807 shares of the business services provider's stock worth $23,157,000 after acquiring an additional 13,995 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Verisk Analytics by 7.7% during the fourth quarter. JPMorgan Chase & Co. now owns 747,337 shares of the business services provider's stock worth $205,839,000 after acquiring an additional 53,502 shares during the period. Institutional investors and hedge funds own 90.00% of the company's stock.

Verisk Analytics Stock Up 0.1%

Shares of VRSK stock traded up $0.41 on Wednesday, reaching $300.55. 230,961 shares of the stock were exchanged, compared to its average volume of 778,119. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 26.13. The business's 50 day moving average price is $309.59 and its 200 day moving average price is $295.78. The company has a market capitalization of $42.04 billion, a price-to-earnings ratio of 44.02, a PEG ratio of 3.79 and a beta of 0.86. Verisk Analytics, Inc. has a twelve month low of $257.59 and a twelve month high of $322.92.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. Verisk Analytics had a net margin of 33.13% and a return on equity of 396.08%. The company had revenue of $753.00 million during the quarter, compared to the consensus estimate of $750.31 million. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Verisk Analytics's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.45 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 0.60%. Verisk Analytics's dividend payout ratio is presently 26.35%.

Insider Buying and Selling

In other Verisk Analytics news, CFO Elizabeth Mann sold 300 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $303.88, for a total value of $91,164.00. Following the completion of the transaction, the chief financial officer owned 15,765 shares in the company, valued at $4,790,668.20. This represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO David J. Grover sold 5,705 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $307.68, for a total transaction of $1,755,314.40. Following the completion of the transaction, the chief accounting officer owned 12,937 shares of the company's stock, valued at $3,980,456.16. This represents a 30.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,825 shares of company stock valued at $8,947,730 over the last ninety days. Company insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group upped their price objective on Verisk Analytics from $295.00 to $320.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Bank of America assumed coverage on Verisk Analytics in a research report on Thursday, April 10th. They set an "underperform" rating and a $280.00 price objective on the stock. Finally, Robert W. Baird upped their price objective on Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $302.40.

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.