Dynamic Technology Lab Private Ltd Makes New Investment in Verisk Analytics, Inc. (NASDAQ:VRSK)

Dynamic Technology Lab Private Ltd bought a new position in Verisk Analytics, Inc. (NASDAQ:VRSK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,113 shares of the business services provider’s stock, valued at approximately $834,000.

Other institutional investors have also made changes to their positions in the company. Icon Wealth Advisors LLC raised its stake in Verisk Analytics by 899.1% during the 3rd quarter. Icon Wealth Advisors LLC now owns 11,919 shares of the business services provider’s stock valued at $2,913,000 after purchasing an additional 10,726 shares during the period. KBC Group NV raised its position in Verisk Analytics by 15.3% during the third quarter. KBC Group NV now owns 35,908 shares of the business services provider’s stock valued at $9,622,000 after buying an additional 4,767 shares during the period. CIBC Asset Management Inc lifted its stake in Verisk Analytics by 5.7% in the 3rd quarter. CIBC Asset Management Inc now owns 44,290 shares of the business services provider’s stock worth $11,868,000 after acquiring an additional 2,374 shares in the last quarter. Diversified Trust Co acquired a new stake in Verisk Analytics during the 2nd quarter worth about $1,325,000. Finally, OFI Invest Asset Management grew its stake in Verisk Analytics by 2,181.7% during the 2nd quarter. OFI Invest Asset Management now owns 2,875 shares of the business services provider’s stock valued at $723,000 after acquiring an additional 2,749 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VRSK has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Royal Bank of Canada boosted their price target on shares of Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. BMO Capital Markets increased their price objective on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Finally, Morgan Stanley boosted their target price 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. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $285.80.

Verisk Analytics Stock Performance

Shares of NASDAQ VRSK opened at $294.56 on Thursday. The business’s 50-day simple moving average is $274.26 and its 200-day simple moving average is $269.42. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $296.58. The firm has a market cap of $41.60 billion, a price-to-earnings ratio of 45.95, a P/E/G ratio of 3.65 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $722.19 million. During the same quarter last year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Friday, December 13th. Verisk Analytics’s dividend payout ratio is 24.34%.

Insider Buying and Selling at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $286.49, for a total transaction of $57,298.00. Following the completion of the transaction, the chief financial officer now directly owns 15,608 shares in the company, valued at $4,471,535.92. This represents a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lee Shavel sold 1,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $286.49, for a total transaction of $286,490.00. Following the completion of the sale, the chief executive officer now directly owns 54,163 shares of the company’s stock, valued at approximately $15,517,157.87. This trade represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,400 shares of company stock worth $678,764 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Company 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.