Custom Index Systems LLC Makes New $491,000 Investment in Verisk Analytics, Inc. (NASDAQ:VRSK)

Custom Index Systems LLC bought a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,822 shares of the business services provider’s stock, valued at approximately $491,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Acadian Asset Management LLC grew its stake in shares of Verisk Analytics by 187.1% during the second quarter. Acadian Asset Management LLC now owns 171,835 shares of the business services provider’s stock worth $46,305,000 after buying an additional 111,992 shares during the last quarter. SVB Wealth LLC grew its stake in shares of Verisk Analytics by 1.7% during the second quarter. SVB Wealth LLC now owns 5,027 shares of the business services provider’s stock worth $1,355,000 after buying an additional 86 shares during the last quarter. Torray Investment Partners LLC lifted its holdings in shares of Verisk Analytics by 0.4% during the second quarter. Torray Investment Partners LLC now owns 23,645 shares of the business services provider’s stock worth $6,374,000 after purchasing an additional 103 shares during the period. EFG Asset Management Americas Corp. lifted its holdings in shares of Verisk Analytics by 47.6% during the second quarter. EFG Asset Management Americas Corp. now owns 36,595 shares of the business services provider’s stock worth $9,864,000 after purchasing an additional 11,799 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its holdings in shares of Verisk Analytics by 348.7% during the second quarter. Illinois Municipal Retirement Fund now owns 35,903 shares of the business services provider’s stock worth $9,678,000 after purchasing an additional 27,901 shares during the period. Institutional investors own 90.00% of the company’s stock.

Verisk Analytics Trading Down 0.7 %

VRSK opened at $271.66 on Friday. Verisk Analytics, Inc. has a 1-year low of $215.32 and a 1-year high of $287.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 5.86. The company has a market cap of $38.69 billion, a P/E ratio of 50.68, a price-to-earnings-growth ratio of 3.48 and a beta of 0.86. The company has a fifty day moving average price of $271.81 and a two-hundred day moving average price of $252.98.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.10. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The firm had revenue of $716.80 million during the quarter, compared to the consensus estimate of $722.45 million. During the same period in the previous year, the firm posted $1.51 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. Analysts predict that Verisk Analytics, Inc. will post 6.56 EPS for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, September 13th. Verisk Analytics’s dividend payout ratio (DPR) is currently 29.10%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VRSK. UBS Group lifted 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. Robert W. Baird lifted their price target on shares of Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Wells Fargo & Company upgraded shares of Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. BMO Capital Markets cut their price target on shares of Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $273.54.

Insider Buying and Selling at Verisk Analytics

In other news, insider Kathy Card Beckles sold 326 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were 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 of the company’s stock, valued at $2,033,483.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Kathy Card Beckles sold 326 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were 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 of the company’s stock, valued at $2,033,483.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $277.38, for a total transaction of $55,476.00. Following the sale, the chief financial officer now directly owns 16,408 shares of the company’s stock, valued at $4,551,251.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 726 shares of company stock valued at $196,682. Corporate insiders own 0.40% of the company’s stock.

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.