Aigen Investment Management LP Sells 3,318 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)
Aigen Investment Management LP lessened its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 88.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 422 shares of the business services provider’s stock after selling 3,318 shares during the quarter. Aigen Investment Management LP’s holdings in Verisk Analytics were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in shares of Verisk Analytics by 10.6% in the second quarter. First Horizon Advisors Inc. now owns 648 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 62 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in shares of Verisk Analytics by 30.7% in the 3rd quarter. Carroll Financial Associates Inc. now owns 268 shares of the business services provider’s stock valued at $49,000 after buying an additional 63 shares in the last quarter. CSat Investment Advisory L.P. lifted its holdings in shares of Verisk Analytics by 12.4% during the 2nd quarter. CSat Investment Advisory L.P. now owns 582 shares of the business services provider’s stock worth $99,000 after acquiring an additional 64 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Verisk Analytics by 5.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,354 shares of the business services provider’s stock worth $230,000 after acquiring an additional 67 shares during the period. Finally, Shine Investment Advisory Services Inc. boosted its position in shares of Verisk Analytics by 8.8% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 862 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 88.17% of the company’s stock.
A number of equities research analysts have weighed in on VRSK shares. BidaskClub raised Verisk Analytics from a “hold” rating to a “buy” rating in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Verisk Analytics from $183.00 to $192.00 and gave the company a “hold” rating in a research report on Thursday, November 5th. BMO Capital Markets lifted their price objective on Verisk Analytics from $181.00 to $196.00 and gave the stock a “market perform” rating in a research report on Monday, November 9th. William Blair reaffirmed an “outperform” rating on shares of Verisk Analytics in a research note on Thursday, November 5th. Finally, Morgan Stanley lifted their price target on shares of Verisk Analytics from $209.00 to $217.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $181.77.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Monday, November 9th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.12. Verisk Analytics had a return on equity of 36.42% and a net margin of 19.12%. The business had revenue of $702.70 million during the quarter, compared to analysts’ expectations of $692.14 million. During the same period in the previous year, the company posted $1.12 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts expect that Verisk Analytics, Inc. will post 4.9 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, December 14th. Verisk Analytics’s dividend payout ratio (DPR) is currently 24.66%.
In other Verisk Analytics news, Director David B. Wright sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 18th. The stock was sold at an average price of $204.81, for a total transaction of $2,048,100.00. Following the completion of the sale, the director now directly owns 22,588 shares in the company, valued at $4,626,248.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott G. Stephenson sold 98,513 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $186.23, for a total value of $18,346,075.99. The disclosure for this sale can be found here. Insiders sold 227,787 shares of company stock worth $43,080,783 in the last 90 days. 2.55% of the stock is owned by company insiders.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, commercial banking and finance, and various other fields.
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