ClearAlpha Technologies LP Has $775,000 Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

ClearAlpha Technologies LP reduced its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 41.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,894 shares of the business services provider’s stock after selling 2,091 shares during the quarter. ClearAlpha Technologies LP’s holdings in Verisk Analytics were worth $775,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of VRSK. FMR LLC grew its holdings in shares of Verisk Analytics by 6.5% during the third quarter. FMR LLC now owns 4,618,971 shares of the business services provider’s stock worth $1,237,700,000 after purchasing an additional 283,653 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in Verisk Analytics by 2,380.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 272,965 shares of the business services provider’s stock worth $73,144,000 after acquiring an additional 261,961 shares during the last quarter. Epoch Investment Partners Inc. increased its position in Verisk Analytics by 60.4% in the 2nd quarter. Epoch Investment Partners Inc. now owns 541,426 shares of the business services provider’s stock valued at $145,941,000 after acquiring an additional 203,951 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Verisk Analytics by 187.1% in the second quarter. Acadian Asset Management LLC now owns 171,835 shares of the business services provider’s stock valued at $46,305,000 after purchasing an additional 111,992 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Verisk Analytics by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock valued at $436,204,000 after buying an additional 111,364 shares during the period. 90.00% of the stock is currently owned by institutional investors.

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $286.49, for a total value of $57,298.00. Following 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 can be accessed through the SEC website. Also, CEO Lee Shavel sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $280.71, for a total value of $280,710.00. Following the transaction, the chief executive officer now directly owns 53,163 shares in the company, valued at $14,923,385.73. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,400 shares of company stock valued at $678,764 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VRSK has been the topic of a number of research reports. Wells Fargo & Company upgraded shares of Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Evercore ISI restated an “in-line” rating and set a $279.00 target price on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their price target on shares of Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Barclays boosted their price objective on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, Robert W. Baird increased their target price on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $285.80.

Verisk Analytics Trading Down 0.1 %

Shares of NASDAQ:VRSK opened at $294.21 on Monday. The firm has a market cap of $41.55 billion, a price-to-earnings ratio of 45.90, a PEG ratio of 3.69 and a beta of 0.86. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $296.58. The company’s fifty day simple moving average is $275.42 and its 200 day simple moving average is $270.24. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 8.36.

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, beating the consensus estimate of $1.60 by $0.07. The firm had revenue of $725.30 million for 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 company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. As a group, research analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.53%. Verisk Analytics’s dividend payout ratio is currently 24.34%.

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.