Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,806 shares of the business services provider’s stock after selling 3,537 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Verisk Analytics were worth $6,379,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Verisk Analytics by 121.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 83,428 shares of the business services provider’s stock worth $22,355,000 after acquiring an additional 45,812 shares in the last quarter. Captrust Financial Advisors raised its holdings in Verisk Analytics by 1.5% during the third quarter. Captrust Financial Advisors now owns 86,008 shares of the business services provider’s stock worth $23,047,000 after purchasing an additional 1,247 shares during the last quarter. Atlantic Union Bankshares Corp boosted its position in Verisk Analytics by 6.4% during the third quarter. Atlantic Union Bankshares Corp now owns 9,504 shares of the business services provider’s stock worth $2,547,000 after purchasing an additional 575 shares in the last quarter. PEAK6 Investments LLC acquired a new stake in Verisk Analytics in the third quarter valued at $705,000. Finally, Public Sector Pension Investment Board increased its position in shares of Verisk Analytics by 8.8% in the third quarter. Public Sector Pension Investment Board now owns 6,183 shares of the business services provider’s stock valued at $1,657,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Verisk Analytics Stock Performance

NASDAQ VRSK opened at $292.70 on Tuesday. The business’s 50-day moving average price is $275.42 and its 200 day moving average price is $270.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. Verisk Analytics, Inc. has a twelve month low of $217.34 and a twelve month high of $296.58. The company has a market capitalization of $41.33 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 3.69 and a beta of 0.87.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The business had revenue of $725.30 million for the quarter, compared to analyst estimates of $722.19 million. During the same period in the prior year, the firm posted $1.52 EPS. The company’s revenue was up 7.0% on a year-over-year basis. On average, research analysts predict that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.

Verisk Analytics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.39 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.53%. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Insider Activity

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $286.49, for a total transaction of $57,298.00. Following the completion of the sale, the chief financial officer now owns 15,608 shares of the company’s stock, valued at approximately $4,471,535.92. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lee Shavel sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $280.71, for a total value of $280,710.00. Following the completion of the transaction, the chief executive officer now owns 53,163 shares in the company, valued at approximately $14,923,385.73. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,400 shares of company stock valued at $678,764 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Robert W. Baird increased their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Barclays raised their price objective on shares of Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. BMO Capital Markets upped their target price on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Wells Fargo & Company raised Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Royal Bank of Canada upped their price objective on Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $285.80.

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.