M&T Bank Corp Has $5.71 Million Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

M&T Bank Corp trimmed its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,197 shares of the business services provider's stock after selling 1,621 shares during the period. M&T Bank Corp's holdings in Verisk Analytics were worth $5,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of VRSK. Norges Bank bought a new position in Verisk Analytics during the fourth quarter valued at about $526,676,000. GAMMA Investing LLC raised its holdings in Verisk Analytics by 36,332.8% during the first quarter. GAMMA Investing LLC now owns 1,204,468 shares of the business services provider's stock valued at $358,474,000 after buying an additional 1,201,162 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Verisk Analytics by 8.1% during 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 buying an additional 392,270 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Verisk Analytics in the fourth quarter valued at about $70,005,000. Finally, BLI Banque de Luxembourg Investments acquired a new stake in shares of Verisk Analytics in the fourth quarter valued at about $68,908,000. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VRSK shares. Bank of America started coverage on Verisk Analytics in a research report on Thursday, April 10th. They issued an "underperform" rating and a $280.00 price target on the stock. UBS Group raised their price target on Verisk Analytics from $295.00 to $320.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Finally, Robert W. Baird raised their price target on Verisk Analytics from $320.00 to $335.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $302.40.

Verisk Analytics Price Performance

NASDAQ VRSK traded down $2.39 during trading on Friday, reaching $300.51. 931,611 shares of the company traded hands, compared to its average volume of 780,157. 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 stock's 50 day moving average price is $309.16 and its two-hundred day moving average price is $295.17. The company has a market cap of $42.04 billion, a price-to-earnings ratio of 44.00, a P/E/G ratio of 3.76 and a beta of 0.86. Verisk Analytics, Inc. has a 1-year low of $257.59 and a 1-year 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 for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. The company had revenue of $753.00 million for 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 company's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 earnings per share. As a group, analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 yield of 0.60%. The ex-dividend date of this dividend was Friday, June 13th. Verisk Analytics's payout ratio is 26.35%.

Insider Activity at Verisk Analytics

In other news, Director Samuel G. Liss sold 11,656 shares of the business's stock in a transaction that occurred 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 transaction, the director directly owned 67,244 shares of the company's stock, valued at $21,051,406.64. The trade was a 14.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Daffan sold 5,419 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $300.86, for a total value of $1,630,360.34. Following the completion of the transaction, the insider directly owned 55,913 shares in the company, valued at $16,821,985.18. The trade was a 8.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,825 shares of company stock valued at $8,945,180. Corporate insiders own 0.46% of the company's stock.

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.