Hsbc Holdings PLC Sells 15,676 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Hsbc Holdings PLC lessened its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSKGet Rating) by 6.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 223,348 shares of the business services provider’s stock after selling 15,676 shares during the quarter. Hsbc Holdings PLC owned approximately 0.14% of Verisk Analytics worth $48,224,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Valley National Advisers Inc. grew its holdings in shares of Verisk Analytics by 132.8% during the first quarter. Valley National Advisers Inc. now owns 156 shares of the business services provider’s stock worth $33,000 after purchasing an additional 89 shares during the last quarter. Riverview Trust Co acquired a new stake in Verisk Analytics during the 1st quarter worth approximately $36,000. Confluence Wealth Services Inc. bought a new stake in Verisk Analytics during the 4th quarter worth approximately $60,000. Covestor Ltd acquired a new position in Verisk Analytics in the 4th quarter valued at approximately $64,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Verisk Analytics by 1,324.0% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 356 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 331 shares during the last quarter. 91.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VRSK has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on Verisk Analytics from $215.00 to $220.00 in a report on Thursday, August 4th. BMO Capital Markets lifted their price objective on Verisk Analytics from $186.00 to $200.00 and gave the stock a “market perform” rating in a research note on Thursday, August 4th. Raymond James decreased their target price on shares of Verisk Analytics from $220.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, August 4th. Barclays dropped their price target on shares of Verisk Analytics from $220.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, July 1st. Finally, Royal Bank of Canada decreased their price objective on shares of Verisk Analytics from $227.00 to $210.00 and set an “outperform” rating for the company in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Verisk Analytics currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.18.

Verisk Analytics Stock Performance

Shares of Verisk Analytics stock opened at $192.04 on Monday. The business has a 50-day simple moving average of $189.08 and a 200 day simple moving average of $189.12. Verisk Analytics, Inc. has a one year low of $156.05 and a one year high of $231.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $30.14 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 3.00 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSKGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The business services provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.41 by $0.12. Verisk Analytics had a return on equity of 35.21% and a net margin of 34.37%. During the same quarter in the prior year, the business earned $1.17 earnings per share. On average, research analysts anticipate that Verisk Analytics, Inc. will post 5.78 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Wednesday, September 14th. Verisk Analytics’s dividend payout ratio (DPR) is 19.14%.

Insider Buying and Selling at Verisk Analytics

In related news, EVP Kathy Card Beckles sold 429 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $200.09, for a total value of $85,838.61. Following the sale, the executive vice president now owns 6,102 shares in the company, valued at approximately $1,220,949.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Verisk Analytics news, EVP Kathy Card Beckles sold 429 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $200.09, for a total transaction of $85,838.61. Following the completion of the sale, the executive vice president now directly owns 6,102 shares of the company’s stock, valued at approximately $1,220,949.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Wright sold 2,071 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $204.78, for a total value of $424,099.38. Following the completion of the transaction, the director now owns 14,909 shares in the company, valued at approximately $3,053,065.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,648 shares of company stock valued at $933,186. Corporate insiders own 1.78% of the company’s stock.

Verisk Analytics Profile

(Get Rating)

Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, commercial banking and finance, and various other fields.

See Also

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

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