Douglas Lane & Associates LLC Lowers Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Douglas Lane & Associates LLC lessened its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,746 shares of the business services provider’s stock after selling 264 shares during the period. Douglas Lane & Associates LLC’s holdings in Verisk Analytics were worth $1,272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brookstone Capital Management grew its position in shares of Verisk Analytics by 1.2% during the second quarter. Brookstone Capital Management now owns 3,517 shares of the business services provider’s stock worth $982,000 after purchasing an additional 41 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Verisk Analytics by 19.0% during the first quarter. EverSource Wealth Advisors LLC now owns 263 shares of the business services provider’s stock valued at $57,000 after buying an additional 42 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Verisk Analytics by 2.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,533 shares of the business services provider’s stock valued at $361,000 after buying an additional 43 shares during the last quarter. Ascent Group LLC lifted its holdings in shares of Verisk Analytics by 1.8% in the second quarter. Ascent Group LLC now owns 2,465 shares of the business services provider’s stock worth $664,000 after buying an additional 43 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Verisk Analytics by 0.8% during the third quarter. Gateway Investment Advisers LLC now owns 5,109 shares of the business services provider’s stock worth $1,369,000 after acquiring an additional 43 shares during the last quarter. 90.00% of the stock is owned by institutional investors.

Verisk Analytics Trading Down 0.0 %

NASDAQ VRSK opened at $268.23 on Monday. The stock has a market cap of $38.27 billion, a PE ratio of 50.04, a PEG ratio of 3.41 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 company’s 50-day moving average price is $268.24 and its 200-day moving average price is $258.49. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 5.86.

Verisk Analytics (NASDAQ:VRSK) last issued 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. The business had revenue of $716.80 million for the quarter, compared to the consensus estimate of $722.45 million. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 EPS. Equities research analysts forecast that Verisk Analytics, Inc. will post 6.57 earnings per share for the current year.

Verisk Analytics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Sunday, September 15th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, September 13th. This represents a $1.56 annualized dividend and a yield of 0.58%. Verisk Analytics’s payout ratio is currently 29.10%.

Analyst Ratings Changes

A number of brokerages have issued reports on VRSK. BMO Capital Markets reduced their price target on shares of Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a report on Thursday, August 1st. 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 report on Wednesday, July 31st. Robert W. Baird increased their price target on Verisk Analytics from $268.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Barclays lifted their price objective 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. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Verisk Analytics has a consensus rating of “Moderate Buy” and a consensus price target of $276.69.

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.