Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,037 shares of the business services provider's stock after selling 8,425 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.05% of Verisk Analytics worth $21,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VRSK. Louisbourg Investments Inc. purchased a new stake in Verisk Analytics in the 1st quarter valued at about $25,000. Global Financial Private Client LLC raised its position in Verisk Analytics by 966.7% in the first quarter. Global Financial Private Client LLC now owns 128 shares of the business services provider's stock worth $38,000 after acquiring an additional 116 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new position in shares of Verisk Analytics in the fourth quarter valued at $39,000. Wayfinding Financial LLC acquired a new stake in shares of Verisk Analytics during the first quarter valued at $48,000. Finally, NBC Securities Inc. acquired a new stake in Verisk Analytics in the 1st quarter worth about $60,000. 90.00% of the stock is owned by hedge funds and other institutional investors.

Verisk Analytics Stock Performance

Shares of NASDAQ VRSK opened at $305.62 on Tuesday. The company has a debt-to-equity ratio of 26.13, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $42.75 billion, a price-to-earnings ratio of 44.75, a P/E/G ratio of 3.73 and a beta of 0.86. The business's 50-day simple moving average is $309.51 and its 200-day simple moving average is $295.75. 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 issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.05. The business had revenue of $753.00 million for 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 firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 EPS. As a group, equities research analysts expect 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. Stockholders of record on Friday, June 13th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Friday, June 13th. Verisk Analytics's dividend payout ratio is 26.35%.

Insiders Place Their Bets

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 stock was sold at an average price of $300.86, for a total value of $98,080.36. Following the completion of the sale, the insider 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Samuel G. Liss sold 11,656 shares of the firm'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 value of $3,649,027.36. Following the completion of the sale, the director owned 67,244 shares of the company's stock, valued at $21,051,406.64. This represents a 14.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,525 shares of company stock worth $8,856,566 in the last 90 days. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. 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 on the stock. Robert W. Baird boosted their price target on Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Verisk Analytics currently has an average rating of "Hold" and a consensus price target of $302.40.

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.

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