Amplius Wealth Advisors LLC Trims Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Amplius Wealth Advisors LLC lowered its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,406 shares of the business services provider’s stock after selling 81 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Verisk Analytics were worth $2,315,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC raised its position in Verisk Analytics by 188.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,637 shares of the business services provider’s stock worth $7,454,000 after buying an additional 16,742 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in Verisk Analytics by 899.1% during the third quarter. Icon Wealth Advisors LLC now owns 11,919 shares of the business services provider’s stock worth $2,913,000 after purchasing an additional 10,726 shares in the last quarter. Point72 Hong Kong Ltd lifted its position in Verisk Analytics by 479.1% in the third quarter. Point72 Hong Kong Ltd now owns 16,853 shares of the business services provider’s stock valued at $4,516,000 after purchasing an additional 13,943 shares during the period. KBC Group NV boosted its holdings in Verisk Analytics by 15.3% in the 3rd quarter. KBC Group NV now owns 35,908 shares of the business services provider’s stock valued at $9,622,000 after purchasing an additional 4,767 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in Verisk Analytics by 5.7% during the 3rd quarter. CIBC Asset Management Inc now owns 44,290 shares of the business services provider’s stock worth $11,868,000 after purchasing an additional 2,374 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction that occurred 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 owns 15,608 shares in the company, valued at $4,471,535.92. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce Edward Hansen sold 1,179 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $272.81, for a total value of $321,642.99. Following the transaction, the director now owns 13,786 shares of the company’s stock, valued at approximately $3,760,958.66. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,379 shares of company stock worth $946,141 in the last 90 days. 0.40% of the stock is owned by company insiders.

Verisk Analytics Trading Up 0.0 %

Shares of VRSK stock opened at $278.55 on Tuesday. Verisk Analytics, Inc. has a fifty-two week low of $217.34 and a fifty-two week high of $296.58. The firm’s 50 day moving average price is $282.19 and its two-hundred day moving average price is $274.80. The stock has a market cap of $39.33 billion, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 3.19 and a beta of 0.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The firm had revenue of $725.30 million during the quarter, compared to analysts’ expectations of $722.19 million. During the same period in the prior year, the company earned $1.52 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. On average, analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current year.

Verisk Analytics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were 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 of this dividend was Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Morgan Stanley upped their price target on Verisk Analytics from $283.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Evercore ISI reaffirmed an “in-line” rating and set a $279.00 price objective on shares of Verisk Analytics in a report on Wednesday, October 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $300.00 target price on shares of Verisk Analytics in a report on Tuesday, January 7th. Finally, Robert W. Baird lifted their price target on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $293.11.

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.