Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 188.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,637 shares of the business services provider’s stock after buying an additional 16,742 shares during the quarter. Sanctuary Advisors LLC’s holdings in Verisk Analytics were worth $7,454,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Icon Wealth Advisors LLC lifted its position in shares of Verisk Analytics by 899.1% in the third quarter. Icon Wealth Advisors LLC now owns 11,919 shares of the business services provider’s stock valued at $2,913,000 after acquiring an additional 10,726 shares in the last quarter. KBC Group NV raised its stake 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 during the last quarter. Point72 Hong Kong Ltd boosted its stake in shares of Verisk Analytics by 479.1% during the 3rd quarter. Point72 Hong Kong Ltd now owns 16,853 shares of the business services provider’s stock worth $4,516,000 after purchasing an additional 13,943 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of 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 last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in shares of Verisk Analytics by 16.9% during the third quarter. Royal London Asset Management Ltd. now owns 63,217 shares of the business services provider’s stock worth $16,940,000 after buying an additional 9,145 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $286.49, for a total transaction of $57,298.00. Following the transaction, the chief financial officer now owns 15,608 shares in the company, valued at $4,471,535.92. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lee Shavel sold 1,000 shares of the company’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 completion of the sale, the chief executive officer now directly owns 53,163 shares of the company’s stock, valued at $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 have sold 2,400 shares of company stock worth $678,764. 0.40% of the stock is currently owned by corporate insiders.

Verisk Analytics Stock Performance

Shares of NASDAQ:VRSK opened at $283.35 on Friday. The firm has a market capitalization of $40.01 billion, a PE ratio of 44.20, a P/E/G ratio of 3.55 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 business has a 50-day moving average of $279.60 and a two-hundred day moving average of $272.64. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $296.58.

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

Verisk Analytics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, December 13th. Verisk Analytics’s dividend payout ratio is presently 24.34%.

Analyst Ratings Changes

Several equities analysts recently issued reports on VRSK shares. Morgan Stanley upped their price objective on shares of Verisk Analytics from $283.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday. Barclays raised their price objective on Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. BMO Capital Markets upped their target price on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Evercore ISI reissued an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada lifted their price target on Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. 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. According to MarketBeat.com, Verisk Analytics has a consensus rating of “Moderate Buy” and an average price target of $289.80.

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.