M&T Bank Corp Sells 1,621 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

M&T Bank Corp lessened its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 7.8% during the first quarter, according to the company in its most recent 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 SEC filing.

A number of other hedge funds have also recently modified their holdings of VRSK. Louisbourg Investments Inc. purchased a new position in shares of Verisk Analytics in the 1st quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Verisk Analytics in the 4th quarter worth about $30,000. Rakuten Securities Inc. raised its position in shares of Verisk Analytics by 6,050.0% in the 4th quarter. Rakuten Securities Inc. now owns 123 shares of the business services provider's stock worth $34,000 after purchasing an additional 121 shares during the last quarter. Global Financial Private Client LLC raised its position in shares of Verisk Analytics by 966.7% in the 1st quarter. Global Financial Private Client LLC now owns 128 shares of the business services provider's stock worth $38,000 after purchasing an additional 116 shares during the last quarter. Finally, Minot DeBlois Advisors LLC bought a new stake in Verisk Analytics in the 4th quarter worth about $39,000. Institutional investors own 90.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group lifted their price objective on Verisk Analytics from $295.00 to $320.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Robert W. Baird lifted their price objective on Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. 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 analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $302.40.

Verisk Analytics Trading Down 0.3%

Verisk Analytics stock opened at $302.90 on Friday. The business has a 50-day simple moving average of $309.16 and a two-hundred day simple moving average of $295.17. The company has a market cap of $42.37 billion, a P/E ratio of 44.35, a P/E/G ratio of 3.77 and a beta of 0.86. Verisk Analytics, Inc. has a 52-week low of $257.59 and a 52-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.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly 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. The business 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 business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 EPS. Analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.59%. Verisk Analytics's dividend payout ratio is currently 26.35%.

Insider Buying and Selling at Verisk Analytics

In related 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 transaction of $3,649,027.36. Following the completion of the transaction, the director directly owned 67,244 shares in the company, valued at approximately $21,051,406.64. The trade was a 14.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Elizabeth Mann sold 300 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $295.38, for a total value of $88,614.00. Following the transaction, the chief financial officer owned 16,665 shares of the company's stock, valued at approximately $4,922,507.70. This trade represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,825 shares of company stock worth $8,945,180. 0.46% of the stock is 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.

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