Angeles Wealth Management LLC Takes $249,000 Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Angeles Wealth Management LLC purchased a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 925 shares of the business services provider’s stock, valued at approximately $249,000.

A number of other institutional investors also recently bought and sold shares of VRSK. Gilbert & Cook Inc. raised its holdings in Verisk Analytics by 8.5% in the 4th quarter. Gilbert & Cook Inc. now owns 3,416 shares of the business services provider’s stock worth $816,000 after purchasing an additional 267 shares during the period. Private Advisor Group LLC raised its holdings in Verisk Analytics by 9.0% in the 4th quarter. Private Advisor Group LLC now owns 2,684 shares of the business services provider’s stock worth $641,000 after purchasing an additional 222 shares during the period. AGF Management Ltd. bought a new position in Verisk Analytics in the 4th quarter worth $2,820,000. Dimensional Fund Advisors LP raised its holdings in Verisk Analytics by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 985,803 shares of the business services provider’s stock worth $235,463,000 after purchasing an additional 80,146 shares during the period. Finally, Ieq Capital LLC raised its holdings in Verisk Analytics by 15.8% in the 4th quarter. Ieq Capital LLC now owns 5,478 shares of the business services provider’s stock worth $1,308,000 after purchasing an additional 746 shares during the period. 90.00% of the stock is owned by institutional investors.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, insider Kathy Card Beckles sold 326 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $272.22, for a total transaction of $88,743.72. Following the transaction, the insider now owns 7,470 shares in the company, valued at $2,033,483.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Kathy Card Beckles sold 326 shares of Verisk Analytics stock in a transaction dated Wednesday, July 3rd. The shares were 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 of the company’s stock, valued at approximately $2,033,483.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $277.38, for a total transaction of $55,476.00. Following the transaction, the chief financial officer now owns 16,408 shares in the company, valued at $4,551,251.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 726 shares of company stock worth $196,682. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Price Performance

NASDAQ:VRSK opened at $271.63 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 5.86. The company has a market capitalization of $38.69 billion, a P/E ratio of 50.68, a P/E/G ratio of 3.44 and a beta of 0.86. Verisk Analytics, Inc. has a 12 month low of $215.32 and a 12 month high of $287.13. The business’s 50-day moving average is $271.91 and its 200 day moving average is $253.65.

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

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Sunday, September 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, September 13th. Verisk Analytics’s dividend payout ratio is currently 29.10%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VRSK. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $268.00 target price on shares of Verisk Analytics in a report on Thursday, August 1st. UBS Group raised their price target on Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. BMO Capital Markets decreased their price target on Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a report on Thursday, August 1st. Morgan Stanley raised their price target on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $273.54.

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.