Huntington National Bank Acquires 107 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Huntington National Bank raised its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,163 shares of the business services provider’s stock after buying an additional 107 shares during the quarter. Huntington National Bank’s holdings in Verisk Analytics were worth $580,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Legal & General Group Plc boosted its holdings in Verisk Analytics by 7.4% in the second quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock valued at $436,204,000 after acquiring an additional 111,364 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Verisk Analytics by 5.5% during the 2nd quarter. TD Asset Management Inc now owns 1,502,614 shares of the business services provider’s stock valued at $405,030,000 after purchasing an additional 78,008 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd increased its position in shares of Verisk Analytics by 1.1% during the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,137,069 shares of the business services provider’s stock valued at $268,041,000 after buying an additional 12,231 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 buying an additional 85,202 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in Verisk Analytics by 6.7% in 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 buying an additional 38,258 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VRSK has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Evercore ISI restated an “in-line” rating and set a $279.00 target price on shares of Verisk Analytics in a report on Wednesday, October 2nd. BMO Capital Markets increased their price target on shares of 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, Morgan Stanley lifted their price target on shares of Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.80.

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction 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 completion of the sale, the chief financial officer now owns 15,808 shares of the company’s stock, valued at $4,289,184.64. The trade was a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Price Performance

Shares of VRSK opened at $280.80 on Friday. Verisk Analytics, Inc. has a twelve month low of $217.34 and a twelve month high of $291.42. The company has a market capitalization of $39.65 billion, a P/E ratio of 43.81, a price-to-earnings-growth ratio of 3.59 and a beta of 0.86. The firm has a 50 day moving average of $271.31 and a 200 day moving average of $266.46. 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 posted its 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 business had revenue of $725.30 million during 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 quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS. As a group, equities research analysts anticipate that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

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 issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, December 13th. Verisk Analytics’s payout ratio is presently 24.34%.

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.