Summit Trail Advisors LLC Has $601,000 Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Summit Trail Advisors LLC lifted its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 88.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,018 shares of the business services provider's stock after buying an additional 947 shares during the period. Summit Trail Advisors LLC's holdings in Verisk Analytics were worth $601,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Louisbourg Investments Inc. bought a new position in shares of Verisk Analytics during the first quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Verisk Analytics in the fourth quarter valued at $30,000. Rakuten Securities Inc. boosted its position in shares of Verisk Analytics by 6,050.0% during the 4th quarter. Rakuten Securities Inc. now owns 123 shares of the business services provider's stock valued at $34,000 after purchasing an additional 121 shares in the last quarter. Global Financial Private Client LLC grew its stake 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 shares of Verisk Analytics in the 4th quarter worth approximately $39,000. Institutional investors own 90.00% of the company's stock.

Analyst Ratings Changes

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

Verisk Analytics Stock Down 3.8%

Shares of VRSK traded down $11.74 during mid-day trading on Wednesday, reaching $301.21. The company's stock had a trading volume of 1,204,151 shares, compared to its average volume of 773,248. The company has a market cap of $42.13 billion, a price-to-earnings ratio of 44.10, a price-to-earnings-growth ratio of 3.86 and a beta of 0.86. The business has a fifty day moving average of $307.35 and a 200 day moving average of $294.02. 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, 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 announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $1.73 EPS 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 analyst estimates 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 last year, the company posted $1.63 EPS. As a group, analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given 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 was Friday, June 13th. Verisk Analytics's payout ratio is presently 26.35%.

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $295.38, for a total transaction 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. This trade represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce Edward Hansen sold 1,179 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $285.86, for a total value of $337,028.94. Following the completion of the transaction, the director owned 13,786 shares in the company, valued at $3,940,865.96. This trade represents a 7.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,259 shares of company stock worth $7,553,769. 0.46% of the stock is owned by company insiders.

About Verisk Analytics

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.