Angeles Wealth Management LLC Has $230,000 Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Angeles Wealth Management LLC reduced its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 858 shares of the business services provider’s stock after selling 67 shares during the quarter. Angeles Wealth Management LLC’s holdings in Verisk Analytics were worth $230,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Diversified Trust Co acquired a new stake in shares of Verisk Analytics in the second quarter valued at $1,325,000. OFI Invest Asset Management raised its stake in shares of Verisk Analytics by 2,181.7% in the second quarter. OFI Invest Asset Management now owns 2,875 shares of the business services provider’s stock worth $723,000 after acquiring an additional 2,749 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Verisk Analytics during the first quarter worth approximately $1,115,000. Twin Tree Management LP bought a new stake in shares of Verisk Analytics during the first quarter valued at approximately $2,340,000. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of Verisk Analytics by 15.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 183,252 shares of the business services provider’s stock valued at $43,198,000 after purchasing an additional 24,977 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors.

Insider Activity at Verisk Analytics

In other news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the sale, the chief financial officer now directly owns 15,808 shares in the company, valued at $4,289,184.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Morgan Stanley raised their price target on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on 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 upped their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets lifted their price target on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research report on Friday. Six equities research 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’s stock. Based on data from MarketBeat, Verisk Analytics presently has a consensus rating of “Moderate Buy” and an average price target of $285.80.

Verisk Analytics Stock Up 0.3 %

Shares of NASDAQ:VRSK opened at $275.48 on Monday. The company has a 50 day moving average price of $269.07 and a two-hundred day moving average price of $262.81. The company has a market capitalization of $38.90 billion, a PE ratio of 42.98, a PEG ratio of 3.47 and a beta of 0.86. Verisk Analytics, Inc. has a 52 week low of $217.34 and a 52 week high of $287.13. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.95 and a current ratio of 0.82.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.60 by $0.07. The business had revenue of $725.30 million for the quarter, compared to the consensus estimate of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. Analysts forecast that Verisk Analytics, Inc. will post 6.61 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.39 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.57%. Verisk Analytics’s dividend payout ratio is presently 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.