Ingalls & Snyder LLC Has $1.83 Million Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Ingalls & Snyder LLC increased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 8.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 6,840 shares of the business services provider’s stock after purchasing an additional 550 shares during the period. Ingalls & Snyder LLC’s holdings in Verisk Analytics were worth $1,833,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in Verisk Analytics by 6.5% in the third quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock valued at $1,237,700,000 after buying an additional 283,653 shares during the period. Mizuho Securities USA LLC raised its stake in Verisk Analytics by 2,380.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 272,965 shares of the business services provider’s stock valued at $73,144,000 after acquiring an additional 261,961 shares during the period. Epoch Investment Partners Inc. lifted its holdings in Verisk Analytics by 60.4% during the 2nd quarter. Epoch Investment Partners Inc. now owns 541,426 shares of the business services provider’s stock valued at $145,941,000 after purchasing an additional 203,951 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Verisk Analytics by 187.1% during the 2nd quarter. Acadian Asset Management LLC now owns 171,835 shares of the business services provider’s stock valued at $46,305,000 after purchasing an additional 111,992 shares during the last quarter. Finally, 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 purchasing an additional 111,364 shares during the period. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on VRSK shares. Robert W. Baird raised their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Royal Bank of Canada boosted their price objective on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. BMO Capital Markets increased their target price on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Finally, Evercore ISI restated an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Six 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.80.

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $286.49, for a total value of $57,298.00. Following the sale, the chief financial officer now directly owns 15,608 shares of the company’s stock, valued at $4,471,535.92. This trade represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lee Shavel sold 1,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $280.71, for a total value of $280,710.00. Following the transaction, the chief executive officer now directly owns 53,163 shares of the company’s stock, valued at approximately $14,923,385.73. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,400 shares of company stock valued at $678,764. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Price Performance

Verisk Analytics stock opened at $289.05 on Wednesday. The firm has a market cap of $40.82 billion, a PE ratio of 45.09, a price-to-earnings-growth ratio of 3.67 and a beta of 0.87. 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 stock’s fifty day moving average price is $276.45 and its two-hundred day moving average price is $270.80. Verisk Analytics, Inc. has a one year low of $217.34 and a one year high of $296.58.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. The company had revenue of $725.30 million for 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%. Verisk Analytics’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business earned $1.52 earnings per share. As a group, research analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Friday, December 13th. Verisk Analytics’s payout ratio 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.