Texas Permanent School Fund Trims Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Texas Permanent School Fund cut its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSKGet Rating) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,904 shares of the business services provider’s stock after selling 1,325 shares during the period. Texas Permanent School Fund’s holdings in Verisk Analytics were worth $4,487,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VRSK. Norges Bank purchased a new position in Verisk Analytics during the fourth quarter worth about $305,487,000. Renaissance Technologies LLC acquired a new stake in shares of Verisk Analytics during the fourth quarter valued at about $101,510,000. TOMS Capital Investment Management LP acquired a new stake in shares of Verisk Analytics during the fourth quarter valued at about $100,938,000. Geode Capital Management LLC increased its position in shares of Verisk Analytics by 11.2% during the fourth quarter. Geode Capital Management LLC now owns 3,415,064 shares of the business services provider’s stock valued at $779,419,000 after acquiring an additional 344,057 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Verisk Analytics by 14.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,162,959 shares of the business services provider’s stock valued at $494,734,000 after acquiring an additional 266,670 shares during the last quarter. 91.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Verisk Analytics

In other news, CEO Lee Shavel sold 487 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $173.42, for a total transaction of $84,455.54. Following the completion of the sale, the chief executive officer now owns 42,479 shares in the company, valued at approximately $7,366,708.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Lee Shavel sold 487 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $173.42, for a total transaction of $84,455.54. Following the completion of the sale, the chief executive officer now owns 42,479 shares in the company, valued at approximately $7,366,708.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott G. Stephenson sold 2,144 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $172.82, for a total transaction of $370,526.08. Following the sale, the chief executive officer now owns 712,256 shares of the company’s stock, valued at approximately $123,092,081.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,545 shares of company stock worth $31,474,227. 1.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

VRSK has been the subject of a number of recent analyst reports. Raymond James dropped their price target on shares of Verisk Analytics from $220.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Verisk Analytics from $255.00 to $226.00 in a report on Thursday, May 5th. Robert W. Baird lifted their price objective on shares of Verisk Analytics from $215.00 to $220.00 in a report on Thursday. Barclays dropped their price objective on shares of Verisk Analytics from $220.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Finally, StockNews.com cut shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $216.18.

Verisk Analytics Trading Down 0.5 %

NASDAQ VRSK opened at $198.38 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.56 and a debt-to-equity ratio of 0.99. Verisk Analytics, Inc. has a 52 week low of $156.05 and a 52 week high of $231.57. The stock has a market capitalization of $31.32 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 3.39 and a beta of 0.85. The firm has a 50 day moving average of $176.02 and a two-hundred day moving average of $188.81.

Verisk Analytics (NASDAQ:VRSKGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The business services provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.41 by $0.12. Verisk Analytics had a net margin of 34.37% and a return on equity of 35.21%. During the same quarter in the previous year, the firm posted $1.17 earnings per share. As a group, research analysts expect that Verisk Analytics, Inc. will post 5.7 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.24 annualized dividend and a dividend yield of 0.63%. Verisk Analytics’s dividend payout ratio is presently 19.14%.

Verisk Analytics Company Profile

(Get Rating)

Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, commercial banking and finance, and various other fields.

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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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