Bank of America Corp DE Has $283.19 Million Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Bank of America Corp DE lowered its holdings in Verisk Analytics, Inc. (NASDAQ:VRSKGet Rating) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,319,411 shares of the business services provider’s stock after selling 46,723 shares during the quarter. Bank of America Corp DE’s holdings in Verisk Analytics were worth $283,185,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its holdings in Verisk Analytics by 59.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,533 shares of the business services provider’s stock valued at $808,000 after purchasing an additional 1,324 shares during the last quarter. Alberta Investment Management Corp raised its stake in Verisk Analytics by 463.1% in the fourth quarter. Alberta Investment Management Corp now owns 83,900 shares of the business services provider’s stock valued at $19,190,000 after buying an additional 69,000 shares during the period. Gotham Asset Management LLC bought a new position in shares of Verisk Analytics during the fourth quarter worth approximately $513,000. Siemens Fonds Invest GmbH increased its stake in shares of Verisk Analytics by 6.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 8,145 shares of the business services provider’s stock worth $1,858,000 after purchasing an additional 475 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in Verisk Analytics by 2.2% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 432,778 shares of the business services provider’s stock worth $98,991,000 after acquiring an additional 9,117 shares during the period. Institutional investors and hedge funds own 91.19% of the company’s stock.

Verisk Analytics Trading Down 0.1 %

Shares of Verisk Analytics stock opened at $184.25 on Tuesday. The company’s fifty day simple moving average is $190.05 and its 200-day simple moving average is $189.35. The stock has a market capitalization of $28.92 billion, a PE ratio of 28.20, a P/E/G ratio of 2.88 and a beta of 0.84. Verisk Analytics, Inc. has a 1-year low of $156.05 and a 1-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.

Verisk Analytics (NASDAQ:VRSKGet Rating) last announced 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 net margin of 34.37% and a return on equity of 35.21%. During the same quarter in the prior year, the business posted $1.17 EPS. As a group, equities analysts anticipate that Verisk Analytics, Inc. will post 5.78 earnings per share for the current year.

Verisk Analytics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.24 annualized dividend and a yield of 0.67%. Verisk Analytics’s dividend payout ratio (DPR) is 19.14%.

Insider Buying and Selling at Verisk Analytics

In other news, Director David B. Wright sold 2,071 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $204.78, for a total transaction of $424,099.38. Following the transaction, the director now directly owns 14,909 shares of the company’s stock, valued at $3,053,065.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director David B. Wright sold 2,071 shares of the stock in a transaction 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 sale, the director now owns 14,909 shares in the company, valued at $3,053,065.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Therese M. Vaughan sold 629 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $199.22, for a total transaction of $125,309.38. Following the sale, the director now owns 11,064 shares in the company, valued at approximately $2,204,170.08. The disclosure for this sale can be found here. Insiders sold a total of 4,648 shares of company stock valued at $933,186 in the last three months. Company insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VRSK. StockNews.com downgraded Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. 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 report on Thursday, August 4th. Raymond James decreased their target price on Verisk Analytics from $220.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, August 4th. Royal Bank of Canada cut their price target on Verisk Analytics from $227.00 to $210.00 and set an “outperform” rating for the company in a research note on Wednesday, June 29th. Finally, Barclays cut their target price on Verisk Analytics from $220.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Verisk Analytics currently has an average rating of “Moderate Buy” and a consensus target price of $216.18.

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.

Further Reading

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

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