Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSKGet Rating) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,318 shares of the business services provider’s stock after purchasing an additional 917 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Verisk Analytics were worth $1,959,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Sky Investment Group LLC increased its holdings in shares of Verisk Analytics by 50.4% during the 2nd quarter. Sky Investment Group LLC now owns 2,200 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 737 shares in the last quarter. Thrive Wealth Management LLC increased its holdings in shares of Verisk Analytics by 36.6% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,961 shares of the business services provider’s stock valued at $513,000 after purchasing an additional 794 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Verisk Analytics by 18.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 26,828 shares of the business services provider’s stock valued at $4,643,000 after purchasing an additional 4,155 shares in the last quarter. Chesley Taft & Associates LLC increased its holdings in shares of Verisk Analytics by 7.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 2,130 shares of the business services provider’s stock valued at $369,000 after purchasing an additional 155 shares in the last quarter. Finally, Moody National Bank Trust Division purchased a new position in shares of Verisk Analytics during the 2nd quarter valued at approximately $299,000. 91.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VRSK has been the subject of several recent analyst reports. Raymond James cut their price target on shares of Verisk Analytics from $220.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, August 4th. BMO Capital Markets boosted their price target on shares of Verisk Analytics from $186.00 to $200.00 and gave the stock a “market perform” rating in a report on Thursday, August 4th. StockNews.com lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Royal Bank of Canada cut their price target on shares of Verisk Analytics from $227.00 to $210.00 and set an “outperform” rating for the company in a report on Wednesday, June 29th. Finally, Barclays cut their price target on shares of Verisk Analytics from $220.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, July 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $216.18.

Insider Buying and Selling

In related news, Director Therese M. Vaughan sold 932 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $192.30, for a total transaction of $179,223.60. Following the sale, the director now directly owns 13,021 shares in the company, valued at $2,503,938.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Therese M. Vaughan sold 932 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $192.30, for a total transaction of $179,223.60. Following the sale, the director now directly owns 13,021 shares in the company, valued at $2,503,938.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Wright sold 2,071 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 14,909 shares in the company, valued at $3,053,065.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,648 shares of company stock worth $933,186. Company insiders own 1.78% of the company’s stock.

Verisk Analytics Trading Down 2.9 %

Shares of VRSK opened at $175.06 on Friday. The firm’s fifty day moving average is $190.44 and its two-hundred day moving average is $189.12. Verisk Analytics, Inc. has a 52-week low of $156.05 and a 52-week high of $231.57. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.99. The stock has a market cap of $27.48 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.81 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSKGet Rating) last posted its earnings results on Tuesday, August 2nd. The business services provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company earned $1.17 EPS. Research analysts forecast that Verisk Analytics, Inc. will post 5.78 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.71%. Verisk Analytics’s payout ratio is 19.14%.

Verisk Analytics Company 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.

Featured Articles

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

Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.