Robeco Institutional Asset Management B.V. Cuts Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Robeco Institutional Asset Management B.V. lessened its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 6.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 132,860 shares of the business services provider’s stock after selling 8,588 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.08% of Verisk Analytics worth $22,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bridgefront Capital LLC grew its holdings in Verisk Analytics by 41.9% in the third quarter. Bridgefront Capital LLC now owns 2,467 shares of the business services provider’s stock worth $421,000 after purchasing an additional 729 shares during the period. Toroso Investments LLC grew its holdings in shares of Verisk Analytics by 4.0% during the third quarter. Toroso Investments LLC now owns 5,151 shares of the business services provider’s stock valued at $878,000 after buying an additional 200 shares during the last quarter. IHT Wealth Management LLC purchased a new stake in shares of Verisk Analytics during the third quarter valued at approximately $231,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Verisk Analytics during the third quarter valued at approximately $2,498,000. Finally, Industrial Alliance Investment Management Inc. grew its holdings in shares of Verisk Analytics by 3.3% during the third quarter. Industrial Alliance Investment Management Inc. now owns 9,784 shares of the business services provider’s stock valued at $1,668,000 after buying an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 89.89% of the company’s stock.

Verisk Analytics Stock Up 0.5 %

VRSK opened at $180.87 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.33. Verisk Analytics, Inc. has a 1-year low of $156.05 and a 1-year high of $222.11. The company has a market capitalization of $27.98 billion, a PE ratio of 30.35, a PEG ratio of 2.65 and a beta of 0.84. The firm’s 50 day simple moving average is $180.11 and its two-hundred day simple moving average is $178.61.

Verisk Analytics (NASDAQ:VRSK – Get Rating) last released its quarterly earnings results on Wednesday, March 1st. The business services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.26. The business had revenue of $630.40 million for the quarter, compared to the consensus estimate of $615.30 million. Verisk Analytics had a net margin of 32.92% and a return on equity of 41.53%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm earned $1.47 earnings per share. As a group, equities analysts forecast that Verisk Analytics, Inc. will post 5.43 EPS for the current year.

Verisk Analytics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.75%. This is an increase from Verisk Analytics’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, March 14th. Verisk Analytics’s dividend payout ratio (DPR) is presently 22.82%.

Analyst Ratings Changes

VRSK has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Verisk Analytics from $181.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, March 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $210.00 price target on shares of Verisk Analytics in a report on Wednesday. Raymond James increased their price target on shares of Verisk Analytics from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, March 2nd. BMO Capital Markets dropped their target price on shares of Verisk Analytics from $191.00 to $188.00 and set a “market perform” rating on the stock in a report on Thursday, March 2nd. Finally, Credit Suisse Group raised their target price on shares of Verisk Analytics from $165.00 to $187.00 and gave the stock a “neutral” rating in a report on Monday, March 6th. One equities research 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’s stock. Based on data from MarketBeat.com, Verisk Analytics currently has an average rating of “Moderate Buy” and a consensus target price of $201.09.

Insider Activity

In other news, Director David B. Wright sold 4,912 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $182.37, for a total transaction of $895,801.44. Following the sale, the director now directly owns 14,909 shares in the company, valued at approximately $2,718,954.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Christopher M. Foskett sold 6,733 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $180.00, for a total transaction of $1,211,940.00. Following the sale, the director now directly owns 20,327 shares in the company, valued at approximately $3,658,860. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Wright sold 4,912 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $182.37, for a total transaction of $895,801.44. Following the sale, the director now owns 14,909 shares in the company, valued at $2,718,954.33. The disclosure for this sale can be found here. Insiders have sold 11,752 shares of company stock worth $2,127,210 in the last three months. Company insiders own 1.78% of the company’s stock.

About Verisk Analytics

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Verisk Analytics, Inc engages in the provision of data analytics services. It serves insurance customers and focuses on the prediction of loss, the selection and pricing of risk, and compliance. The company was founded in 1971 and is headquartered in Jersey City, NJ.