CIBC Asset Management Inc Increases Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

CIBC Asset Management Inc increased its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,290 shares of the business services provider’s stock after buying an additional 2,374 shares during the quarter. CIBC Asset Management Inc’s holdings in Verisk Analytics were worth $11,868,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sycomore Asset Management increased its stake in Verisk Analytics by 128.8% during the third quarter. Sycomore Asset Management now owns 18,898 shares of the business services provider’s stock worth $5,008,000 after acquiring an additional 10,639 shares during the last quarter. ING Groep NV increased its stake in shares of Verisk Analytics by 16.3% during the third quarter. ING Groep NV now owns 48,991 shares of the business services provider’s stock worth $13,128,000 after buying an additional 6,854 shares during the period. Metis Global Partners LLC increased its stake in shares of Verisk Analytics by 4.7% during the third quarter. Metis Global Partners LLC now owns 6,643 shares of the business services provider’s stock worth $1,780,000 after buying an additional 299 shares during the period. KBC Group NV increased its stake in shares of Verisk Analytics by 15.3% during the third quarter. KBC Group NV now owns 35,908 shares of the business services provider’s stock worth $9,622,000 after buying an additional 4,767 shares during the period. Finally, Huntington National Bank increased its stake in shares of Verisk Analytics by 5.2% during the third quarter. Huntington National Bank now owns 2,163 shares of the business services provider’s stock worth $580,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Buying and Selling

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the transaction, the chief financial officer now directly owns 15,808 shares of the company’s stock, valued at $4,289,184.64. This represents a 1.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

VRSK has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Robert W. Baird raised their price target on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised their price target on Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. BMO Capital Markets raised their price target 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, Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Verisk Analytics has a consensus rating of “Moderate Buy” and an average target price of $285.80.

Verisk Analytics Stock Down 1.9 %

VRSK opened at $280.80 on Friday. The stock has a market capitalization of $39.65 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 3.52 and a beta of 0.86. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $291.42. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50-day moving average of $271.31 and a two-hundred day moving average of $266.80.

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, beating 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 return on equity of 274.13% and a net margin of 32.65%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. On average, research analysts expect that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) 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.