Verdence Capital Advisors LLC Has $976,000 Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Verdence Capital Advisors LLC reduced its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 40.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,281 shares of the business services provider's stock after selling 2,186 shares during the quarter. Verdence Capital Advisors LLC's holdings in Verisk Analytics were worth $976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Napatree Capital LLC boosted its position in shares of Verisk Analytics by 35.6% in the 1st quarter. Napatree Capital LLC now owns 1,029 shares of the business services provider's stock worth $306,000 after purchasing an additional 270 shares in the last quarter. Welch & Forbes LLC raised its stake in shares of Verisk Analytics by 1.6% during the 1st quarter. Welch & Forbes LLC now owns 19,229 shares of the business services provider's stock valued at $5,723,000 after buying an additional 294 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Verisk Analytics by 1.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 3,175 shares of the business services provider's stock valued at $945,000 after purchasing an additional 35 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Verisk Analytics by 270.3% in the 1st quarter. Larson Financial Group LLC now owns 337 shares of the business services provider's stock valued at $100,000 after purchasing an additional 246 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its holdings in Verisk Analytics by 3.3% in the 1st quarter. Wealthfront Advisers LLC now owns 15,446 shares of the business services provider's stock worth $4,597,000 after buying an additional 488 shares during the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Verisk Analytics Stock Down 0.2%

VRSK stock traded down $0.70 during trading hours on Friday, hitting $301.90. The company's stock had a trading volume of 1,530,441 shares, compared to its average volume of 780,053. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 26.13. The company has a market capitalization of $42.23 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 3.74 and a beta of 0.86. Verisk Analytics, Inc. has a 12 month low of $257.59 and a 12 month high of $322.92. The stock has a 50 day moving average price of $309.16 and a two-hundred day moving average price of $296.34.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 33.13% and a return on equity of 396.08%. Verisk Analytics's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. On average, equities research analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, June 13th. Verisk Analytics's payout ratio is presently 26.35%.

Analyst Upgrades and Downgrades

VRSK has been the topic of several recent research reports. UBS Group boosted their target price 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 boosted their target price on Verisk Analytics from $320.00 to $335.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Bank of America assumed coverage on Verisk Analytics in a research report on Thursday, April 10th. They set an "underperform" rating and a $280.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $302.40.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, insider Kathy Card Beckles sold 326 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $300.86, for a total transaction of $98,080.36. Following the sale, the insider directly owned 9,319 shares in the company, valued at approximately $2,803,714.34. This trade represents a 3.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Elizabeth Mann sold 300 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $303.88, for a total transaction of $91,164.00. Following the completion of the sale, the chief financial officer owned 15,765 shares in the company, valued at $4,790,668.20. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,825 shares of company stock worth $8,947,730. Corporate insiders own 0.46% of the company's stock.

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.