Mackenzie Financial Corp Sells 5,008 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Mackenzie Financial Corp lowered its stake in Verisk Analytics, Inc. (NASDAQ:VRSKGet Rating) by 14.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,351 shares of the business services provider’s stock after selling 5,008 shares during the period. Mackenzie Financial Corp’s holdings in Verisk Analytics were worth $5,080,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VRSK. Steward Partners Investment Advisory LLC boosted its holdings in Verisk Analytics by 16.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 869 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 122 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Verisk Analytics by 1.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 21,556 shares of the business services provider’s stock valued at $4,627,000 after buying an additional 233 shares in the last quarter. National Asset Management Inc. bought a new stake in shares of Verisk Analytics during the 1st quarter valued at $294,000. Metis Global Partners LLC boosted its holdings in shares of Verisk Analytics by 77.6% during the 1st quarter. Metis Global Partners LLC now owns 2,502 shares of the business services provider’s stock valued at $537,000 after buying an additional 1,093 shares in the last quarter. Finally, Trillium Asset Management LLC boosted its holdings in shares of Verisk Analytics by 6.9% during the 1st quarter. Trillium Asset Management LLC now owns 56,711 shares of the business services provider’s stock valued at $12,172,000 after buying an additional 3,651 shares in the last quarter. Institutional investors own 91.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Robert W. Baird dropped their target price on shares of Verisk Analytics from $220.00 to $201.00 in a report on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Verisk Analytics from $227.00 to $195.00 and set a “buy” rating on the stock in a report on Monday, October 24th. BMO Capital Markets dropped their price target on shares of Verisk Analytics from $184.00 to $173.00 and set a “market perform” rating on the stock in a research note on Thursday, November 3rd. Morgan Stanley initiated coverage on shares of Verisk Analytics in a research note on Tuesday, November 8th. They issued an “equal weight” rating and a $170.00 price target on the stock. Finally, StockNews.com initiated coverage on shares of Verisk Analytics in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.55.

Verisk Analytics Price Performance

Shares of NASDAQ:VRSK opened at $173.54 on Friday. Verisk Analytics, Inc. has a fifty-two week low of $156.05 and a fifty-two week high of $231.57. The business has a 50-day simple moving average of $174.83 and a two-hundred day simple moving average of $178.91. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market cap of $27.14 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.82 and a beta of 0.85.

Verisk Analytics (NASDAQ:VRSKGet Rating) last issued its earnings results on Wednesday, November 2nd. The business services provider reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.01). Verisk Analytics had a return on equity of 37.62% and a net margin of 34.12%. During the same period in the previous year, the business posted $1.44 earnings per share. On average, analysts expect that Verisk Analytics, Inc. will post 5.51 earnings per share for the current year.

Verisk Analytics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, December 14th. Verisk Analytics’s payout ratio is currently 19.25%.

Insider Activity

In other news, Director Therese M. Vaughan sold 932 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $192.30, for a total transaction of $179,223.60. Following the completion of the sale, the director now owns 13,021 shares of the company’s stock, valued at approximately $2,503,938.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Therese M. Vaughan sold 932 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $192.30, for a total transaction of $179,223.60. Following the completion of the transaction, the director now directly owns 13,021 shares in the company, valued at approximately $2,503,938.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kathy Card Beckles sold 429 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $200.09, for a total value of $85,838.61. Following the transaction, the executive vice president now owns 6,102 shares of the company’s stock, valued at $1,220,949.18. The disclosure for this sale can be found here. Insiders own 1.78% of the company’s stock.

About Verisk Analytics

(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.

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

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