Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its position in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 223.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,302 shares of the business services provider's stock after purchasing an additional 2,280 shares during the quarter. Penserra Capital Management LLC's holdings in Verisk Analytics were worth $981,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VRSK. SBI Securities Co. Ltd. bought a new stake in shares of Verisk Analytics in the fourth quarter worth about $30,000. Steward Partners Investment Advisory LLC increased its stake in Verisk Analytics by 29.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,081 shares of the business services provider's stock worth $298,000 after acquiring an additional 246 shares during the last quarter. Proficio Capital Partners LLC increased its stake in Verisk Analytics by 15.2% during the fourth quarter. Proficio Capital Partners LLC now owns 1,432 shares of the business services provider's stock worth $394,000 after acquiring an additional 189 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Verisk Analytics by 6.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 29,661 shares of the business services provider's stock worth $8,169,000 after acquiring an additional 1,892 shares during the last quarter. Finally, Independent Advisor Alliance increased its stake in Verisk Analytics by 11.9% during the fourth quarter. Independent Advisor Alliance now owns 12,415 shares of the business services provider's stock worth $3,419,000 after acquiring an additional 1,317 shares during the last quarter. 90.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VRSK. UBS Group boosted 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. Robert W. Baird boosted their price objective on Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a research note 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 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. According to MarketBeat.com, Verisk Analytics presently has an average rating of "Hold" and a consensus target price of $302.40.

Verisk Analytics Trading Down 0.8%

Shares of NASDAQ VRSK traded down $2.39 during trading hours on Friday, reaching $300.51. The stock had a trading volume of 931,611 shares, compared to its average volume of 780,157. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 26.13. The firm 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. The business's fifty day moving average price is $309.29 and its two-hundred day moving average price is $295.32. Verisk Analytics, Inc. has a 52-week low of $257.59 and a 52-week high of $322.92.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last announced 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 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%. Verisk Analytics's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. Analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a yield of 0.60%. Verisk Analytics's dividend payout ratio is currently 26.35%.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, Director Samuel G. Liss sold 11,656 shares of the company's stock in a transaction 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 sale, the director owned 67,244 shares in the company, valued at $21,051,406.64. This represents a 14.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO David J. Grover sold 5,705 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $307.68, for a total value of $1,755,314.40. Following the sale, the chief accounting officer owned 12,937 shares of the company's stock, valued at approximately $3,980,456.16. This represents a 30.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,825 shares of company stock valued at $8,945,180 over the last 90 days. 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.