Verisk Analytics, Inc. (NASDAQ:VRSK) Holdings Lifted by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp grew its holdings in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,504 shares of the business services provider’s stock after buying an additional 575 shares during the period. Atlantic Union Bankshares Corp’s holdings in Verisk Analytics were worth $2,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Marshall Financial Group LLC grew its holdings in shares of Verisk Analytics by 0.8% during the third quarter. Marshall Financial Group LLC now owns 4,932 shares of the business services provider’s stock valued at $1,322,000 after buying an additional 38 shares in the last quarter. Signaturefd LLC grew its stake in Verisk Analytics by 1.5% during the 3rd quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock valued at $693,000 after acquiring an additional 38 shares in the last quarter. Brookstone Capital Management increased its holdings in shares of Verisk Analytics by 1.2% in the 2nd quarter. Brookstone Capital Management now owns 3,517 shares of the business services provider’s stock valued at $982,000 after purchasing an additional 41 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Verisk Analytics by 19.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 263 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 42 shares during the period. Finally, Ascent Group LLC lifted its position in shares of Verisk Analytics by 1.8% in the second quarter. Ascent Group LLC now owns 2,465 shares of the business services provider’s stock worth $664,000 after purchasing an additional 43 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Elizabeth Mann sold 200 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the sale, the chief financial officer now directly owns 15,808 shares of the company’s stock, valued at approximately $4,289,184.64. This trade represents a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lee Shavel sold 1,000 shares of Verisk Analytics 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 $14,923,385.73. The trade was a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,400 shares of company stock worth $678,764 in the last quarter. 0.40% of the stock is currently owned by company insiders.

Verisk Analytics Stock Performance

VRSK opened at $294.21 on Friday. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $41.55 billion, a PE ratio of 45.90, a price-to-earnings-growth ratio of 3.69 and a beta of 0.86. The stock has a 50-day moving average of $275.42 and a 200-day moving average of $269.93. Verisk Analytics, Inc. has a 52-week low of $217.34 and a 52-week high of $296.58.

Verisk Analytics (NASDAQ:VRSK) last posted its earnings results 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 return on equity of 274.13% and a net margin of 32.65%. The firm had revenue of $725.30 million during the quarter, compared to analyst estimates of $722.19 million. During the same period in the previous year, the company earned $1.52 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities research analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Evercore ISI restated an “in-line” rating and set a $279.00 price target on shares of Verisk Analytics in a report on Wednesday, October 2nd. Robert W. Baird increased their price objective on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Barclays lifted their price objective on Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Royal Bank of Canada upped their target price on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.80.

About Verisk Analytics

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.