Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by Garrison Asset Management LLC

Garrison Asset Management LLC trimmed its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,950 shares of the business services provider’s stock after selling 198 shares during the period. Verisk Analytics accounts for about 1.6% of Garrison Asset Management LLC’s holdings, making the stock its 25th largest holding. Garrison Asset Management LLC’s holdings in Verisk Analytics were worth $3,202,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Marshall Financial Group LLC raised its stake in shares of Verisk Analytics by 0.8% during the third quarter. Marshall Financial Group LLC now owns 4,932 shares of the business services provider’s stock worth $1,322,000 after purchasing an additional 38 shares during the last quarter. Signaturefd LLC lifted its position in Verisk Analytics by 1.5% in the third quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock valued at $693,000 after purchasing an additional 38 shares during the period. Brookstone Capital Management boosted its holdings in Verisk Analytics by 1.2% in the 2nd quarter. Brookstone Capital Management now owns 3,517 shares of the business services provider’s stock valued at $982,000 after purchasing an additional 41 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Verisk Analytics by 19.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 263 shares of the business services provider’s stock worth $57,000 after buying an additional 42 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Verisk Analytics by 2.9% in the 1st 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 period. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Verisk Analytics Price Performance

Shares of NASDAQ VRSK traded up $0.47 during trading on Monday, reaching $275.95. The company had a trading volume of 30,862 shares, compared to its average volume of 794,492. The business’s 50 day moving average price is $269.07 and its 200-day moving average price is $262.81. The stock has a market cap of $38.97 billion, a PE ratio of 42.98, a PEG ratio of 3.47 and a beta of 0.86. 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, Inc. has a 52 week low of $217.34 and a 52 week high of $287.13.

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

Verisk Analytics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend 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 currently 24.34%.

Insider Buying and Selling at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total transaction of $54,266.00. Following the transaction, the chief financial officer now owns 15,808 shares in the company, valued at $4,289,184.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

VRSK has been the topic of several recent research reports. UBS Group boosted their price objective on shares of Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Royal Bank of Canada raised their target price on Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Robert W. Baird lifted their target price on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Evercore ISI restated an “in-line” rating and set a $279.00 price objective on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $285.80.

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.