Douglas Lane & Associates LLC Decreases Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

Douglas Lane & Associates LLC lessened its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,746 shares of the business services provider’s stock after selling 264 shares during the period. Douglas Lane & Associates LLC’s holdings in Verisk Analytics were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Epoch Investment Partners Inc. grew its holdings in Verisk Analytics by 60.4% in the second quarter. Epoch Investment Partners Inc. now owns 541,426 shares of the business services provider’s stock worth $145,941,000 after purchasing an additional 203,951 shares during the last quarter. Vanguard Group Inc. grew its stake in Verisk Analytics by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 16,407,133 shares of the business services provider’s stock worth $3,919,008,000 after buying an additional 170,620 shares during the last quarter. Swedbank AB acquired a new position in Verisk Analytics during the 1st quarter valued at about $28,739,000. Acadian Asset Management LLC raised its stake in Verisk Analytics by 187.1% in the second quarter. Acadian Asset Management LLC now owns 171,835 shares of the business services provider’s stock valued at $46,305,000 after buying an additional 111,992 shares during the last quarter. Finally, Legal & General Group Plc raised its stake 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 buying an additional 111,364 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VRSK. Royal Bank of Canada restated an “outperform” rating and set a $268.00 price objective on shares of Verisk Analytics in a report on Thursday, August 1st. Robert W. Baird boosted their target price on shares of Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. BMO Capital Markets dropped their price objective on shares of Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a report on Thursday, August 1st. Finally, Morgan Stanley upped their target price on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $276.69.

Verisk Analytics Stock Performance

Shares of VRSK stock opened at $268.23 on Monday. Verisk Analytics, Inc. has a 52-week low of $215.32 and a 52-week high of $287.13. The stock has a market cap of $38.27 billion, a PE ratio of 50.04, a price-to-earnings-growth ratio of 3.41 and a beta of 0.86. The business has a 50-day simple moving average of $268.24 and a 200-day simple moving average of $258.49. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 5.86.

Verisk Analytics (NASDAQ:VRSK) last posted its earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.10. The firm had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $722.45 million. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.51 EPS. On average, equities analysts expect that Verisk Analytics, Inc. will post 6.57 EPS for the current year.

Verisk Analytics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Sunday, September 15th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.58%. Verisk Analytics’s dividend payout ratio is presently 29.10%.

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.