ClearAlpha Technologies LP Has $775,000 Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

ClearAlpha Technologies LP trimmed its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 41.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,894 shares of the business services provider’s stock after selling 2,091 shares during the period. ClearAlpha Technologies LP’s holdings in Verisk Analytics were worth $775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC raised its stake in Verisk Analytics by 6.5% in the 3rd quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock valued at $1,237,700,000 after acquiring an additional 283,653 shares during the period. Legal & General Group Plc raised its position in shares of Verisk Analytics by 7.4% in 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 purchasing an additional 111,364 shares during the period. TD Asset Management Inc lifted its stake in shares of Verisk Analytics by 5.5% during the 2nd quarter. TD Asset Management Inc now owns 1,502,614 shares of the business services provider’s stock worth $405,030,000 after buying an additional 78,008 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Verisk Analytics by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 801,150 shares of the business services provider’s stock worth $214,676,000 after buying an additional 8,262 shares during the period. 90.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VRSK shares. Evercore ISI restated an “in-line” rating and set a $279.00 price objective on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Royal Bank of Canada lifted their price target on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Robert W. Baird upped their price objective on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. 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 research report on Friday, November 1st. Finally, Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $285.80.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, CEO Lee Shavel sold 1,000 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 $286,490.00. Following the sale, the chief executive officer now owns 54,163 shares of the company’s stock, valued at approximately $15,517,157.87. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $286.49, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,400 shares of company stock worth $678,764. Insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Performance

Shares of NASDAQ:VRSK opened at $294.21 on Monday. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. Verisk Analytics, Inc. has a 1 year low of $217.34 and a 1 year high of $296.58. The stock has a market capitalization of $41.55 billion, a price-to-earnings ratio of 45.90, a price-to-earnings-growth ratio of 3.69 and a beta of 0.86. The company’s 50 day simple moving average is $275.42 and its 200 day simple moving average is $270.24.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.07. The company had revenue of $725.30 million during the quarter, compared to the consensus estimate of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 earnings per share. As a group, research analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

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

Verisk Analytics 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.