Envestnet Asset Management Inc. Sells 28,057 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Envestnet Asset Management Inc. lessened its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 5.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 470,374 shares of the business services provider's stock after selling 28,057 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.34% of Verisk Analytics worth $139,993,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRSK. Norges Bank bought a new stake in shares of Verisk Analytics in the fourth quarter worth $526,676,000. GAMMA Investing LLC grew its stake in shares of Verisk Analytics by 36,332.8% in the first quarter. GAMMA Investing LLC now owns 1,204,468 shares of the business services provider's stock worth $358,474,000 after purchasing an additional 1,201,162 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Verisk Analytics by 8.1% in the fourth quarter. Alliancebernstein L.P. now owns 5,210,080 shares of the business services provider's stock worth $1,435,012,000 after purchasing an additional 392,270 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Verisk Analytics in the fourth quarter worth $70,005,000. Finally, BLI Banque de Luxembourg Investments bought a new stake in shares of Verisk Analytics in the fourth quarter worth $68,908,000. Institutional investors own 90.00% of the company's stock.

Insider Transactions at Verisk Analytics

In other news, Director Samuel G. Liss sold 11,656 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $313.06, for a total value of $3,649,027.36. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicholas Daffan sold 5,419 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $318.10, for a total transaction of $1,723,783.90. Following the completion of the sale, the insider directly owned 56,701 shares of the company's stock, valued at approximately $18,036,588.10. This trade represents a 8.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have 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 0.7%

Verisk Analytics stock traded down $2.21 during mid-day trading on Friday, hitting $300.70. The company's stock had a trading volume of 223,218 shares, compared to its average volume of 777,479. The business has a 50 day moving average price of $309.16 and a 200-day moving average price of $295.17. Verisk Analytics, Inc. has a 12 month low of $257.59 and a 12 month high of $322.92. The stock has a market cap of $42.06 billion, a price-to-earnings ratio of 44.03, a price-to-earnings-growth ratio of 3.77 and a beta of 0.86. The company has a debt-to-equity ratio of 26.13, a current ratio of 1.27 and a quick ratio of 1.27.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $750.31 million. During the same quarter in the previous year, the company earned $1.63 earnings per share. Verisk Analytics's quarterly revenue was up 7.0% on a year-over-year basis. As a group, analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 dividend yield of 0.60%. Verisk Analytics's dividend payout ratio is presently 26.35%.

Analysts Set New Price Targets

Several brokerages recently weighed in on VRSK. Robert W. Baird boosted their price objective on shares of 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 started coverage on shares of Verisk Analytics in a research report on Thursday, April 10th. They set an "underperform" rating and a $280.00 price target on the stock. Finally, UBS Group upped their price target 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 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $302.40.

Verisk Analytics 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.