Mirae Asset Global Investments Co. Ltd. Has $22.14 Million Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,872 shares of the business services provider's stock after selling 8,890 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of Verisk Analytics worth $22,139,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Louisbourg Investments Inc. acquired a new position in Verisk Analytics during the 1st quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Verisk Analytics in the fourth quarter valued at $30,000. Rakuten Securities Inc. boosted its holdings in shares of Verisk Analytics by 6,050.0% during the fourth quarter. Rakuten Securities Inc. now owns 123 shares of the business services provider's stock valued at $34,000 after acquiring an additional 121 shares during the period. Global Financial Private Client LLC grew its position in shares of Verisk Analytics by 966.7% during the first quarter. Global Financial Private Client LLC now owns 128 shares of the business services provider's stock worth $38,000 after acquiring an additional 116 shares during the last quarter. Finally, Minot DeBlois Advisors LLC bought a new position in shares of Verisk Analytics during the fourth quarter worth about $39,000. Institutional investors own 90.00% of the company's stock.

Verisk Analytics Price Performance

Shares of NASDAQ:VRSK traded up $1.45 during trading on Tuesday, reaching $312.95. The company had a trading volume of 862,205 shares, compared to its average volume of 771,524. The firm's fifty day moving average is $306.94 and its 200 day moving average is $293.89. 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 firm has a market capitalization of $43.78 billion, a PE ratio of 45.82, a price-to-earnings-growth ratio of 3.86 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 earnings results on Wednesday, May 7th. The business services provider reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.05. The firm had revenue of $753.00 million during the quarter, compared to the consensus estimate of $750.31 million. Verisk Analytics had a return on equity of 396.08% and a net margin of 33.13%. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 earnings per share. On average, equities 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. Investors of record on Friday, June 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 0.58%. Verisk Analytics's dividend payout ratio is currently 26.35%.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, insider Nicholas Daffan sold 5,419 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $318.10, for a total value of $1,723,783.90. Following the sale, the insider directly owned 56,701 shares in the company, valued at $18,036,588.10. The trade was a 8.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elizabeth Mann sold 300 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $295.38, for a total transaction of $88,614.00. Following the sale, the chief financial officer directly owned 16,665 shares of the company's stock, valued at approximately $4,922,507.70. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,259 shares of company stock valued at $7,553,769 over the last quarter. Insiders own 0.46% of the company's stock.

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.