Verisk Analytics, Inc. (NASDAQ:VRSK) Stock Position Decreased by Lbp Am Sa

LBP AM SA lowered its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 46.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,190 shares of the business services provider's stock after selling 18,135 shares during the period. LBP AM SA's holdings in Verisk Analytics were worth $6,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in VRSK. Alliancebernstein L.P. lifted its holdings 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 valued at $1,435,012,000 after purchasing an additional 392,270 shares in the last quarter. FMR LLC lifted its holdings in shares of Verisk Analytics by 1.6% in the fourth quarter. FMR LLC now owns 4,691,016 shares of the business services provider's stock valued at $1,292,047,000 after purchasing an additional 72,045 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Verisk Analytics by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,811,563 shares of the business services provider's stock valued at $1,051,300,000 after purchasing an additional 19,423 shares in the last quarter. Norges Bank purchased a new stake in shares of Verisk Analytics in the fourth quarter valued at about $526,676,000. Finally, Invesco Ltd. lifted its holdings in shares of Verisk Analytics by 9.6% in the fourth quarter. Invesco Ltd. now owns 1,654,826 shares of the business services provider's stock valued at $455,789,000 after purchasing an additional 144,599 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company's stock.

Analyst Ratings Changes

VRSK has been the topic of several recent analyst reports. Bank of America initiated coverage on shares of Verisk Analytics in a research note on Thursday, April 10th. They set an "underperform" rating and a $280.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Verisk Analytics from $320.00 to $335.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, UBS Group increased their price target on shares of Verisk Analytics from $295.00 to $320.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. One equities research 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, Verisk Analytics currently has an average rating of "Hold" and an average target price of $302.40.

Verisk Analytics Stock Down 0.6%

Shares of NASDAQ:VRSK traded down $1.85 during midday trading on Friday, hitting $301.05. 245,730 shares of the company's stock traded hands, compared to its average volume of 777,568. The company has a debt-to-equity ratio of 26.13, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $42.11 billion, a PE ratio of 44.08, a P/E/G ratio of 3.77 and a beta of 0.86. The firm's fifty day moving average price is $309.16 and its two-hundred day moving average price is $295.17. 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 posted its earnings results on Wednesday, May 7th. The business services provider reported $1.73 earnings per share 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 business had revenue of $753.00 million for the quarter, compared to analyst estimates of $750.31 million. During the same quarter in the previous year, the business posted $1.63 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, June 13th. Verisk Analytics's dividend payout ratio (DPR) is 26.35%.

Insider Activity

In other news, CFO Elizabeth Mann sold 300 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $295.38, for a total value of $88,614.00. Following the completion of the sale, the chief financial officer owned 16,665 shares of the company's stock, valued at approximately $4,922,507.70. The trade was a 1.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathy Card Beckles sold 326 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $300.86, for a total transaction of $98,080.36. Following the completion of the sale, the insider owned 9,319 shares in the company, valued at approximately $2,803,714.34. This trade represents a 3.38% 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 worth $8,945,180 over the last three months. 0.46% of the stock is currently owned by corporate 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.