Farther Finance Advisors LLC Purchases 175 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Farther Finance Advisors LLC increased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 11.0% in the third quarter, Holdings Channel reports. The institutional investor owned 1,766 shares of the business services provider’s stock after buying an additional 175 shares during the period. Farther Finance Advisors LLC’s holdings in Verisk Analytics were worth $473,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Verisk Analytics during the second quarter worth about $31,000. Chilton Capital Management LLC bought a new position in shares of Verisk Analytics during the second quarter worth about $34,000. Rothschild Investment LLC bought a new position in shares of Verisk Analytics during the second quarter worth about $41,000. Kings Path Partners LLC bought a new position in shares of Verisk Analytics during the second quarter worth about $46,000. Finally, Crewe Advisors LLC bought a new position in shares of Verisk Analytics during the first quarter worth about $49,000. 90.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VRSK has been the subject of a number of analyst reports. Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Evercore ISI restated an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Barclays raised their price target on Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. 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 research note on Wednesday, July 31st. Finally, BMO Capital Markets raised their price target on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Verisk Analytics has an average rating of “Moderate Buy” and a consensus price target of $285.80.

Verisk Analytics Stock Performance

Shares of NASDAQ VRSK opened at $279.13 on Thursday. 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 12 month low of $217.34 and a 12 month high of $287.13. The stock has a 50 day moving average of $269.62 and a 200-day moving average of $263.70. The company has a market capitalization of $39.42 billion, a P/E ratio of 43.55, a P/E/G ratio of 3.48 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.07. The business had revenue of $725.30 million during the quarter, compared to analysts’ expectations 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 last year, the firm posted $1.52 EPS. As a group, equities research analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 annualized dividend and a yield of 0.56%. Verisk Analytics’s payout ratio is currently 24.34%.

Insider Buying and Selling

In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total transaction of $54,266.00. Following the completion of the sale, the chief financial officer now directly owns 15,808 shares of the company’s stock, valued at approximately $4,289,184.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by insiders.

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.