Gulf International Bank UK Ltd reduced its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 56.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,449 shares of the business services provider's stock after selling 15,050 shares during the quarter. Gulf International Bank UK Ltd's holdings in Verisk Analytics were worth $3,067,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of VRSK. Legal & General Group Plc increased its position in Verisk Analytics by 7.4% during the second quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider's stock worth $436,204,000 after buying an additional 111,364 shares in the last quarter. TD Asset Management Inc boosted its holdings in Verisk Analytics by 5.5% in the second quarter. TD Asset Management Inc now owns 1,502,614 shares of the business services provider's stock valued at $405,030,000 after acquiring an additional 78,008 shares during the last quarter. GUARDCAP ASSET MANAGEMENT Ltd boosted its holdings in Verisk Analytics by 1.1% in the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,137,069 shares of the business services provider's stock valued at $268,041,000 after acquiring an additional 12,231 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Verisk Analytics by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,103,628 shares of the business services provider's stock valued at $297,491,000 after acquiring an additional 85,202 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Verisk Analytics by 6.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 613,185 shares of the business services provider's stock worth $165,284,000 after purchasing an additional 38,258 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the company. Morgan Stanley lifted their target price on Verisk Analytics from $243.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their price objective on Verisk Analytics from $263.00 to $276.00 and gave the company a "market perform" rating in a report on Friday, November 1st. Robert W. Baird boosted their price objective on Verisk Analytics from $285.00 to $301.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Royal Bank of Canada boosted their price objective on Verisk Analytics from $268.00 to $300.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company raised Verisk Analytics to a "strong-buy" rating in a report on Tuesday, August 13th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $285.80.
Check Out Our Latest Stock Report on VRSK
NASDAQ:VRSK opened at $279.13 on Thursday. The firm has a market capitalization of $39.42 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 3.48 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $287.13. The stock has a 50 day moving average of $269.62 and a 200-day moving average of $263.70.
Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.07. The firm had revenue of $725.30 million during the quarter, compared to the consensus estimate of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 earnings per share. Analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.56%. Verisk Analytics's dividend payout ratio (DPR) is 24.34%.
In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the completion of the sale, the chief financial officer now directly owns 15,808 shares in the company, valued at $4,289,184.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.
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.
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