Public Sector Pension Investment Board Purchases 2,467 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Public Sector Pension Investment Board boosted its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 76.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,683 shares of the business services provider’s stock after purchasing an additional 2,467 shares during the quarter. Public Sector Pension Investment Board’s holdings in Verisk Analytics were worth $1,532,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VRSK. OFI Invest Asset Management bought a new stake in shares of Verisk Analytics in the 1st quarter worth $28,000. International Assets Investment Management LLC purchased a new position in Verisk Analytics in the 2nd quarter worth about $31,000. Chilton Capital Management LLC bought a new position in Verisk Analytics during the 2nd quarter valued at about $34,000. Riverview Trust Co purchased a new stake in shares of Verisk Analytics during the 1st quarter valued at about $40,000. Finally, Rothschild Investment LLC bought a new stake in shares of Verisk Analytics in the second quarter worth approximately $41,000. 90.00% of the stock is currently owned by institutional investors.

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $277.38, for a total transaction of $55,476.00. Following the completion of the transaction, the chief financial officer now directly owns 16,408 shares of the company’s stock, valued at $4,551,251.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Kathy Card Beckles sold 326 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total transaction of $88,743.72. Following the completion of the transaction, the insider now directly owns 7,470 shares in the company, valued at approximately $2,033,483.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $277.38, for a total transaction of $55,476.00. Following the completion of the sale, the chief financial officer now owns 16,408 shares in the company, valued at approximately $4,551,251.04. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on VRSK. Evercore ISI raised their target price on shares of Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Wells Fargo & Company raised Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Morgan Stanley boosted their price target on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. UBS Group increased their price objective on shares of Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $268.00 target price on shares of Verisk Analytics in a research report on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $275.23.

Verisk Analytics Trading Up 1.4 %

Shares of VRSK stock opened at $267.96 on Tuesday. The company has a debt-to-equity ratio of 5.86, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day simple moving average of $269.15 and a two-hundred day simple moving average of $256.29. The firm has a market capitalization of $38.16 billion, a PE ratio of 49.99, a PEG ratio of 3.36 and a beta of 0.86. Verisk Analytics, Inc. has a 52-week low of $215.32 and a 52-week high of $287.13.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.10. The firm had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $722.45 million. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $1.51 earnings per share. On average, analysts predict that Verisk Analytics, Inc. will post 6.56 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Sunday, September 15th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, September 13th. Verisk Analytics’s payout ratio is currently 29.10%.

Verisk Analytics Profile

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.