Artemis Investment Management LLP Sells 617 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Artemis Investment Management LLP decreased its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 34.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,200 shares of the business services provider’s stock after selling 617 shares during the quarter. Artemis Investment Management LLP’s holdings in Verisk Analytics were worth $323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westpac Banking Corp raised its stake in shares of Verisk Analytics by 94.8% during the 4th quarter. Westpac Banking Corp now owns 1,243 shares of the business services provider’s stock worth $297,000 after purchasing an additional 605 shares during the period. Federated Hermes Inc. boosted its stake in Verisk Analytics by 10.9% in the fourth quarter. Federated Hermes Inc. now owns 346,646 shares of the business services provider’s stock valued at $82,800,000 after acquiring an additional 34,077 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in Verisk Analytics by 225.5% in the fourth quarter. Epoch Investment Partners Inc. now owns 205,110 shares of the business services provider’s stock valued at $48,993,000 after acquiring an additional 142,088 shares during the last quarter. Pinebridge Investments L.P. increased its stake in shares of Verisk Analytics by 64.2% during the 4th quarter. Pinebridge Investments L.P. now owns 8,231 shares of the business services provider’s stock worth $1,966,000 after purchasing an additional 3,219 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Verisk Analytics during the 4th quarter worth approximately $698,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Verisk Analytics Trading Down 0.2 %

Shares of NASDAQ VRSK traded down $0.65 during trading hours on Monday, hitting $263.47. The company’s stock had a trading volume of 163,583 shares, compared to its average volume of 842,991. The business has a 50-day simple moving average of $270.20 and a 200-day simple moving average of $249.75. The stock has a market cap of $37.52 billion, a price-to-earnings ratio of 49.28, a P/E/G ratio of 3.35 and a beta of 0.84. The company has a debt-to-equity ratio of 5.86, a quick ratio of 0.95 and a current ratio of 0.95. Verisk Analytics, Inc. has a 12 month low of $215.32 and a 12 month high of $287.13.

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 for the quarter, compared to analysts’ expectations of $722.45 million. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 earnings per share. On average, analysts anticipate that Verisk Analytics, Inc. will post 6.55 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Sunday, September 15th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, September 13th. Verisk Analytics’s payout ratio is 29.10%.

Insider Activity

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $262.31, for a total transaction of $52,462.00. Following the transaction, the chief financial officer now owns 16,608 shares in the company, valued at approximately $4,356,444.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the transaction, the chief financial officer now owns 16,608 shares of the company’s stock, valued at $4,356,444.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kathy Card Beckles sold 326 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total transaction of $88,743.72. Following the completion of the sale, the insider now directly owns 7,470 shares in the company, valued at $2,033,483.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 726 shares of company stock valued at $196,682. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Evercore ISI increased their price target on Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $268.00 price target on shares of Verisk Analytics in a report on Thursday, August 1st. BMO Capital Markets lowered their target price on shares of Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a research note on Thursday, August 1st. UBS Group upped their price target on shares of Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $267.77.

Verisk Analytics Company 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.