Mutual of America Capital Management LLC Sells 888 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Mutual of America Capital Management LLC trimmed its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,478 shares of the business services provider’s stock after selling 888 shares during the period. Mutual of America Capital Management LLC’s holdings in Verisk Analytics were worth $4,653,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fenimore Asset Management Inc. lifted its holdings in shares of Verisk Analytics by 421.9% during the 4th quarter. Fenimore Asset Management Inc. now owns 75,404 shares of the business services provider’s stock worth $18,011,000 after acquiring an additional 60,957 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of Verisk Analytics by 36.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,332 shares of the business services provider’s stock worth $315,000 after purchasing an additional 354 shares in the last quarter. Procyon Advisors LLC acquired a new stake in shares of Verisk Analytics during the 3rd quarter worth about $349,000. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Verisk Analytics by 6.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 558,840 shares of the business services provider’s stock worth $132,020,000 after purchasing an additional 31,855 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Verisk Analytics by 21.9% during the 3rd quarter. Schroder Investment Management Group now owns 552,316 shares of the business services provider’s stock worth $130,479,000 after purchasing an additional 99,115 shares in the last quarter. 90.00% of the stock is owned by institutional investors.

Insider Transactions at Verisk Analytics

In other news, CAO David J. Grover sold 6,481 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the completion of the sale, the chief accounting officer now owns 12,140 shares in the company, valued at approximately $2,829,348.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Nicholas Daffan sold 1,507 shares of Verisk Analytics stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $249.25, for a total transaction of $375,619.75. Following the completion of the sale, the insider now owns 50,208 shares in the company, valued at approximately $12,514,344. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO David J. Grover sold 6,481 shares of Verisk Analytics stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the sale, the chief accounting officer now owns 12,140 shares of the company’s stock, valued at approximately $2,829,348.40. The disclosure for this sale can be found here. Insiders sold a total of 11,300 shares of company stock worth $2,647,952 in the last quarter. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Evercore ISI reiterated an “in-line” rating and set a $250.00 target price on shares of Verisk Analytics in a research report on Tuesday, March 26th. Bank of America cut shares of Verisk Analytics from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $270.00 to $260.00 in a research report on Monday, January 8th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $252.00.

Verisk Analytics Trading Down 0.2 %

VRSK opened at $222.18 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 8.85. The stock has a market capitalization of $31.71 billion, a PE ratio of 52.77, a PEG ratio of 2.77 and a beta of 0.78. Verisk Analytics, Inc. has a 1-year low of $187.86 and a 1-year high of $251.98. The firm has a 50-day moving average price of $237.39 and a two-hundred day moving average price of $237.56.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.04). Verisk Analytics had a net margin of 22.92% and a return on equity of 305.15%. The company had revenue of $677.20 million during the quarter, compared to analyst estimates of $673.56 million. During the same quarter in the previous year, the business posted $1.43 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts anticipate that Verisk Analytics, Inc. will post 6.48 earnings per share for the current fiscal year.

Verisk Analytics declared that its board has authorized a stock repurchase program on Wednesday, February 21st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Verisk Analytics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.39 per share. This is a boost from Verisk Analytics’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, March 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. Verisk Analytics’s payout ratio is currently 37.05%.

About Verisk Analytics

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.