Oppenheimer Asset Management Inc. Sells 643 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Oppenheimer Asset Management Inc. reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,964 shares of the business services provider’s stock after selling 643 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Verisk Analytics were worth $18,212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in VRSK. International Assets Investment Management LLC acquired a new stake in Verisk Analytics in the 2nd quarter valued at $31,000. Chilton Capital Management LLC purchased a new position in shares of Verisk Analytics during the 2nd quarter worth $34,000. Ashton Thomas Securities LLC purchased a new position in shares of Verisk Analytics during the 3rd quarter worth $34,000. Rothschild Investment LLC purchased a new stake in Verisk Analytics in the 2nd quarter valued at about $41,000. Finally, Kings Path Partners LLC purchased a new stake in Verisk Analytics in the 2nd quarter valued at about $46,000. 90.00% of the stock is currently owned by institutional investors.

Verisk Analytics Price Performance

Verisk Analytics stock traded up $1.40 during midday trading on Wednesday, reaching $289.32. The company’s stock had a trading volume of 19,830 shares, compared to its average volume of 788,649. Verisk Analytics, Inc. has a fifty-two week low of $217.34 and a fifty-two week high of $289.40. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50 day simple moving average is $270.56 and its 200 day simple moving average is $265.74. The firm has a market capitalization of $40.85 billion, a PE ratio of 44.92, a P/E/G ratio of 3.57 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.07. The business had revenue of $725.30 million during 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 business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 EPS. On average, equities research analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Announces Dividend

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

Insider Buying and Selling

In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total transaction of $54,266.00. Following the completion of the sale, the chief financial officer now owns 15,808 shares in the company, valued at approximately $4,289,184.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

VRSK has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley boosted their price objective on Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. BMO Capital Markets boosted their price objective on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Finally, Robert W. Baird boosted their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Verisk Analytics currently has an average rating of “Moderate Buy” and an average price target of $285.80.

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.