Envestnet Asset Management Inc. Has $139.99 Million Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Envestnet Asset Management Inc. cut its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 5.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 470,374 shares of the business services provider's stock after selling 28,057 shares during the quarter. Envestnet Asset Management Inc. owned 0.34% of Verisk Analytics worth $139,993,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VRSK. Louisbourg Investments Inc. purchased a new stake in shares of Verisk Analytics in the 1st quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in Verisk Analytics during the 4th quarter valued at $30,000. Rakuten Securities Inc. lifted its holdings in shares of Verisk Analytics by 6,050.0% in the fourth quarter. Rakuten Securities Inc. now owns 123 shares of the business services provider's stock valued at $34,000 after purchasing an additional 121 shares in the last quarter. Global Financial Private Client LLC boosted its position in shares of Verisk Analytics by 966.7% in the first quarter. Global Financial Private Client LLC now owns 128 shares of the business services provider's stock worth $38,000 after buying an additional 116 shares during the period. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of Verisk Analytics during the fourth quarter valued at $39,000. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VRSK shares. Robert W. Baird increased their price objective on Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Bank of America initiated coverage on shares of Verisk Analytics in a research report on Thursday, April 10th. They issued an "underperform" rating and a $280.00 price target for the company. Finally, UBS Group boosted their price objective on shares of Verisk Analytics from $295.00 to $320.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $302.40.

Insider Buying and Selling

In other news, insider Nicholas Daffan sold 5,419 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $318.10, for a total value of $1,723,783.90. Following the transaction, the insider owned 56,701 shares of the company's stock, valued at approximately $18,036,588.10. This represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Samuel G. Liss sold 11,656 shares of Verisk Analytics stock in a transaction on Friday, June 13th. The stock was sold at an average price of $313.06, for a total value of $3,649,027.36. Following the sale, the director directly owned 67,244 shares of the company's stock, valued at $21,051,406.64. This represents a 14.77% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,825 shares of company stock valued at $8,945,180. 0.46% of the stock is currently owned by insiders.

Verisk Analytics Trading Down 0.3%

NASDAQ VRSK traded down $0.82 during trading on Thursday, reaching $302.90. 724,673 shares of the stock traded hands, compared to its average volume of 779,890. Verisk Analytics, Inc. has a fifty-two week low of $257.59 and a fifty-two week high of $322.92. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 26.13. The firm has a market cap of $42.37 billion, a price-to-earnings ratio of 44.35, a price-to-earnings-growth ratio of 3.75 and a beta of 0.86. The stock's 50-day moving average price is $308.99 and its 200 day moving average price is $294.99.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The business services provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. Verisk Analytics had a return on equity of 396.08% and a net margin of 33.13%. The business had revenue of $753.00 million for the quarter, compared to analyst estimates of $750.31 million. During the same quarter last year, the firm earned $1.63 EPS. Verisk Analytics's revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Friday, June 13th. Verisk Analytics's payout ratio is presently 26.35%.

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.