OneAscent Financial Services LLC Sells 395 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

OneAscent Financial Services LLC trimmed its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 26.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,080 shares of the business services provider’s stock after selling 395 shares during the period. OneAscent Financial Services LLC’s holdings in Verisk Analytics were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in Verisk Analytics during the second quarter worth $31,000. Chilton Capital Management LLC bought a new stake in shares of Verisk Analytics in the 2nd quarter worth $34,000. Ashton Thomas Securities LLC purchased a new stake in shares of Verisk Analytics in the third quarter valued at about $34,000. Rothschild Investment LLC bought a new position in shares of Verisk Analytics during the second quarter valued at about $41,000. Finally, Kings Path Partners LLC purchased a new position in Verisk Analytics during the second quarter worth about $46,000. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Lee Shavel sold 1,000 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $280.71, for a total transaction of $280,710.00. Following the transaction, the chief executive officer now owns 53,163 shares of the company’s stock, valued at approximately $14,923,385.73. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $286.49, for a total transaction of $57,298.00. Following the completion of the sale, the chief financial officer now directly owns 15,608 shares of the company’s stock, 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. Over the last three months, insiders have sold 2,400 shares of company stock worth $678,764. Insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Up 0.5 %

VRSK opened at $281.64 on Wednesday. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $291.42. The company has a 50 day moving average of $271.61 and a 200 day moving average of $267.68. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. The company has a market cap of $39.77 billion, a PE ratio of 43.94, a price-to-earnings-growth ratio of 3.52 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last posted its 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 business had revenue of $725.30 million for the quarter, compared to analysts’ expectations of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The business’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 company posted $1.52 EPS. On average, sell-side analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, December 13th. Verisk Analytics’s payout ratio is 24.34%.

Analysts Set New Price Targets

Several equities analysts have commented on VRSK shares. Deutsche Bank Aktiengesellschaft lifted their target price 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. Barclays lifted their price target on Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Robert W. Baird boosted their price objective on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. BMO Capital Markets raised their target price on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada boosted their price target on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Six 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.