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

Mutual of America Capital Management LLC trimmed its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,542 shares of the business services provider’s stock after selling 458 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Verisk Analytics were worth $4,701,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Legal & General Group Plc increased its position in shares of 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 valued at $436,204,000 after acquiring an additional 111,364 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of 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 purchasing an additional 78,008 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd increased its stake in Verisk Analytics by 1.1% during the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,137,069 shares of the business services provider’s stock worth $268,041,000 after buying an additional 12,231 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Verisk Analytics by 8.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,628 shares of the business services provider’s stock worth $297,491,000 after buying an additional 85,202 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Verisk Analytics by 6.7% in 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 acquiring an additional 38,258 shares in the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VRSK. Robert W. Baird lifted their target price on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Morgan Stanley lifted their price objective 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. Barclays upped their target price on shares of Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Evercore ISI reiterated an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada increased their price objective on shares of Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $285.80.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total value of $54,266.00. Following the transaction, the chief financial officer now directly owns 15,808 shares of the company’s stock, valued at approximately $4,289,184.64. The trade was a 1.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lee Shavel sold 1,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $280.71, for a total transaction of $280,710.00. Following the completion of the sale, the chief executive officer now owns 53,163 shares of the company’s stock, valued at $14,923,385.73. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,400 shares of company stock worth $678,764. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Trading Up 0.9 %

NASDAQ VRSK opened at $284.20 on Thursday. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $291.42. The company has a market capitalization of $40.13 billion, a price-to-earnings ratio of 44.34, a price-to-earnings-growth ratio of 3.51 and a beta of 0.86. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s fifty day moving average price is $271.86 and its 200 day moving average price is $267.79.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The company had revenue of $725.30 million during the quarter, compared to analysts’ expectations of $722.19 million. During the same quarter in the previous year, the business earned $1.52 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.39 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.55%. Verisk Analytics’s payout ratio is 24.34%.

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.