Heathbridge Capital Management Ltd. decreased its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 7.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,000 shares of the business services provider's stock after selling 150 shares during the period. Verisk Analytics makes up approximately 0.1% of Heathbridge Capital Management Ltd.'s portfolio, making the stock its 16th biggest position. Heathbridge Capital Management Ltd.'s holdings in Verisk Analytics were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bell Bank grew its holdings in shares of Verisk Analytics by 5.6% during the 2nd quarter. Bell Bank now owns 8,834 shares of the business services provider's stock worth $1,529,000 after purchasing an additional 472 shares during the period. IFM Investors Pty Ltd grew its holdings in shares of Verisk Analytics by 18.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 26,614 shares of the business services provider's stock worth $4,607,000 after purchasing an additional 4,173 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Verisk Analytics by 8.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,318 shares of the business services provider's stock worth $1,959,000 after acquiring an additional 917 shares in the last quarter. Sky Investment Group LLC lifted its position in Verisk Analytics by 50.4% during the 2nd quarter. Sky Investment Group LLC now owns 2,200 shares of the business services provider's stock worth $381,000 after acquiring an additional 737 shares in the last quarter. Finally, Thrive Wealth Management LLC lifted its position in Verisk Analytics by 36.6% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,961 shares of the business services provider's stock worth $513,000 after acquiring an additional 794 shares in the last quarter. Hedge funds and other institutional investors own 91.19% of the company's stock.
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Verisk Analytics Stock Performance
Shares of VRSK stock traded up $0.14 on Friday, hitting $175.20. 691,427 shares of the stock traded hands, compared to its average volume of 699,131. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $27.50 billion, a PE ratio of 27.04, a PEG ratio of 2.73 and a beta of 0.84. Verisk Analytics, Inc. has a 1-year low of $156.05 and a 1-year high of $231.57. The company's fifty day moving average is $190.36 and its 200 day moving average is $189.06.
Verisk Analytics (NASDAQ:VRSK – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The business services provider reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.12. Verisk Analytics had a return on equity of 35.21% and a net
margin of 34.37%. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, equities research analysts predict that Verisk Analytics, Inc. will post 5.78 earnings per share for the current fiscal year.
Verisk Analytics Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.24 dividend on an annualized basis and a yield of 0.71%. Verisk Analytics's payout ratio is currently 19.14%.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. Royal Bank of Canada reduced their price target on Verisk Analytics from $227.00 to $210.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 29th. Barclays reduced their price target on Verisk Analytics from $220.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, July 1st. Robert W. Baird boosted their price target on Verisk Analytics from $215.00 to $220.00 in a research report on Thursday, August 4th. StockNews.com lowered Verisk Analytics from a "buy" rating to a "hold" rating in a research report on Thursday, August 11th. Finally, Raymond James cut their target price on Verisk Analytics from $220.00 to $215.00 and set an "outperform" rating on the stock in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $216.18.
Insider Buying and Selling
In related news, Director Samuel G. Liss sold 587 shares of the company's stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $202.24, for a total transaction of $118,714.88. Following the completion of the transaction, the director now directly owns 67,352 shares in the company, valued at approximately $13,621,268.48. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Samuel G. Liss sold 587 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $202.24, for a total value of $118,714.88. Following the completion of the transaction, the director now owns 67,352 shares of the company's stock, valued at $13,621,268.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David B. Wright sold 2,071 shares of the company's stock in a transaction on Monday, August 15th. The shares were sold at an average price of $204.78, for a total value of $424,099.38. Following the completion of the sale, the director now owns 14,909 shares of the company's stock, valued at approximately $3,053,065.02. The disclosure for this sale can be found here. Insiders sold a total of 4,648 shares of company stock worth $933,186 in the last three months. 1.78% of the stock is owned by insiders.
Verisk Analytics Profile
(Get Rating)
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, commercial banking and finance, and various other fields.
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