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Swiss National Bank Reduces Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Verisk Analytics logo with Business Services background

Key Points

  • The Swiss National Bank reduced its holding in Verisk Analytics by 1.0%, owning approximately 0.28% of the company, valued at $118.5 million after selling 4,000 shares in the first quarter.
  • Verisk Analytics reported strong quarterly earnings with an EPS of $1.88, surpassing estimates, and a 7.8% increase in revenue compared to the same quarter last year.
  • The company announced a quarterly dividend of $0.45, which will be paid on September 30th, translating to an annualized dividend of $1.80 and a yield of 0.7% for shareholders.
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Swiss National Bank decreased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 398,300 shares of the business services provider's stock after selling 4,000 shares during the quarter. Swiss National Bank owned approximately 0.28% of Verisk Analytics worth $118,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its position in Verisk Analytics by 225.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 14,919 shares of the business services provider's stock valued at $4,440,000 after acquiring an additional 10,331 shares in the last quarter. Simon Quick Advisors LLC purchased a new position in Verisk Analytics during the 1st quarter worth approximately $237,000. Oppenheimer & Co. Inc. acquired a new position in Verisk Analytics in the first quarter valued at $202,000. Vontobel Holding Ltd. lifted its position in Verisk Analytics by 21.9% during the 1st quarter. Vontobel Holding Ltd. now owns 77,807 shares of the business services provider's stock worth $23,157,000 after acquiring an additional 13,995 shares during the period. Finally, Summit Trail Advisors LLC boosted its holdings in shares of Verisk Analytics by 88.4% in the first quarter. Summit Trail Advisors LLC now owns 2,018 shares of the business services provider's stock valued at $601,000 after acquiring an additional 947 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company's stock.

Verisk Analytics Stock Up 0.2%

Verisk Analytics stock opened at $265.04 on Friday. The firm has a market cap of $37.03 billion, a PE ratio of 40.84, a P/E/G ratio of 3.75 and a beta of 0.83. The company has a debt-to-equity ratio of 10.34, a quick ratio of 1.53 and a current ratio of 1.53. The firm's 50 day moving average price is $300.46 and its two-hundred day moving average price is $296.94. Verisk Analytics, Inc. has a twelve month low of $260.17 and a twelve month high of $322.92.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11. The firm had revenue of $772.60 million for the quarter, compared to analyst estimates of $767.91 million. Verisk Analytics had a net margin of 30.67% and a return on equity of 460.89%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 EPS. On average, research analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. Verisk Analytics's payout ratio is currently 27.73%.

Insider Buying and Selling at Verisk Analytics

In other news, CFO Elizabeth Mann sold 300 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $303.88, for a total value of $91,164.00. Following the completion of the sale, the chief financial officer directly owned 15,765 shares in the company, valued at approximately $4,790,668.20. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathy Card Beckles sold 326 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was 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 of the company's stock, valued at $2,803,714.34. The trade was a 3.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,120 shares of company stock valued at $7,192,416. 0.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on VRSK shares. Robert W. Baird raised 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. Morgan Stanley raised their price target on shares of Verisk Analytics from $317.00 to $319.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. UBS Group dropped their target price on shares of Verisk Analytics from $320.00 to $300.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Finally, Raymond James Financial set a $315.00 price target on Verisk Analytics and gave the stock an "outperform" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $305.60.

Get Our Latest Analysis on Verisk Analytics

Verisk Analytics Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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