Raymond James Trust N.A. Grows Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Raymond James Trust N.A. grew its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,953 shares of the business services provider’s stock after buying an additional 598 shares during the quarter. Raymond James Trust N.A.’s holdings in Verisk Analytics were worth $1,327,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VRSK. Charles Schwab Investment Management Inc. increased its holdings in Verisk Analytics by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 801,150 shares of the business services provider’s stock worth $214,676,000 after acquiring an additional 8,262 shares in the last quarter. Landscape Capital Management L.L.C. increased its stake in shares of Verisk Analytics by 2.8% in the third quarter. Landscape Capital Management L.L.C. now owns 4,327 shares of the business services provider’s stock worth $1,159,000 after purchasing an additional 119 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Verisk Analytics by 26.5% during the 3rd quarter. Intech Investment Management LLC now owns 26,204 shares of the business services provider’s stock valued at $7,022,000 after purchasing an additional 5,493 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Verisk Analytics by 111.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 24,681 shares of the business services provider’s stock valued at $6,614,000 after buying an additional 13,010 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in Verisk Analytics by 2.2% in the 3rd quarter. King Luther Capital Management Corp now owns 164,767 shares of the business services provider’s stock worth $44,151,000 after buying an additional 3,552 shares during the period. Institutional investors own 90.00% of the company’s stock.

Insider Buying and Selling at Verisk Analytics

In related news, CEO Lee Shavel sold 1,000 shares of the business’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 completion of the transaction, the chief executive officer now owns 53,163 shares in the company, valued at $14,923,385.73. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $286.49, for a total value of $57,298.00. Following the completion of the sale, the chief financial officer now owns 15,608 shares in the company, 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. Insiders have sold 2,400 shares of company stock worth $678,764 over the last quarter. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on VRSK. Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Royal Bank of Canada upped their price target on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Morgan Stanley lifted their price objective 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, Evercore ISI reiterated an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a report on Wednesday, October 2nd. Six 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $285.80.

Verisk Analytics Stock Up 1.1 %

Shares of NASDAQ VRSK opened at $290.73 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. Verisk Analytics, Inc. has a 12-month low of $217.34 and a 12-month high of $291.42. The firm’s 50-day moving average price is $272.66 and its 200-day moving average price is $268.42. The stock has a market capitalization of $41.05 billion, a price-to-earnings ratio of 45.36, a P/E/G ratio of 3.60 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. The business had revenue of $725.30 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $1.52 earnings per share. On average, equities research analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, December 13th. Verisk Analytics’s payout ratio is 24.34%.

Verisk Analytics 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.