Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by Progressive Investment Management Corp

Progressive Investment Management Corp cut its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,437 shares of the business services provider’s stock after selling 437 shares during the quarter. Verisk Analytics comprises about 2.7% of Progressive Investment Management Corp’s investment portfolio, making the stock its 14th largest position. Progressive Investment Management Corp’s holdings in Verisk Analytics were worth $10,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc boosted its position in Verisk Analytics by 7.4% during the second quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock worth $436,204,000 after acquiring an additional 111,364 shares during the last quarter. TD Asset Management Inc raised its stake in Verisk Analytics by 5.5% during the second quarter. TD Asset Management Inc now owns 1,502,614 shares of the business services provider’s stock worth $405,030,000 after purchasing an additional 78,008 shares during the period. GUARDCAP ASSET MANAGEMENT Ltd boosted its holdings in shares of Verisk Analytics by 1.1% in the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,137,069 shares of the business services provider’s stock valued at $268,041,000 after purchasing an additional 12,231 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Verisk Analytics by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,103,628 shares of the business services provider’s stock valued at $297,491,000 after acquiring an additional 85,202 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in Verisk Analytics by 6.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 613,185 shares of the business services provider’s stock worth $165,284,000 after acquiring an additional 38,258 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VRSK shares. Evercore ISI reiterated an “in-line” rating and set a $279.00 target price on shares of Verisk Analytics in a report on Wednesday, October 2nd. Royal Bank of Canada boosted their price objective on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. BMO Capital Markets lifted their target price on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Six equities 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, Verisk Analytics has an average rating of “Moderate Buy” and a consensus price target of $285.80.

Insider Buying and Selling

In related news, CEO Lee Shavel sold 1,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $280.71, for a total transaction of $280,710.00. Following the transaction, the chief executive officer now directly owns 53,163 shares in the company, valued at $14,923,385.73. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the business’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 sale, the chief financial officer now owns 15,608 shares of the company’s stock, valued at approximately $4,471,535.92. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,400 shares of company stock worth $678,764. Corporate insiders own 0.40% of the company’s stock.

Verisk Analytics Trading Up 0.5 %

Shares of VRSK opened at $281.64 on Wednesday. Verisk Analytics, Inc. has a one year low of $217.34 and a one year high of $291.42. The stock has a 50-day moving average price of $271.61 and a 200 day moving average price of $267.68. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $39.77 billion, a P/E ratio of 43.94, a P/E/G ratio of 3.52 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last released its 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. The company had revenue of $725.30 million during the quarter, compared to analysts’ expectations of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. Sell-side analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.55%. Verisk Analytics’s payout ratio is 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.