Vident Advisory LLC Sells 3,364 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Vident Advisory LLC lessened its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 15.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,370 shares of the business services provider’s stock after selling 3,364 shares during the period. Vident Advisory LLC’s holdings in Verisk Analytics were worth $4,330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VRSK. Smithfield Trust Co increased its stake in shares of Verisk Analytics by 6.3% in the fourth quarter. Smithfield Trust Co now owns 727 shares of the business services provider’s stock worth $175,000 after purchasing an additional 43 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Verisk Analytics by 2.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,533 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 43 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Verisk Analytics by 25.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 221 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 45 shares in the last quarter. Webster Bank N. A. grew its stake in Verisk Analytics by 28.4% during the first quarter. Webster Bank N. A. now owns 208 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 46 shares in the last quarter. Finally, Wealth Alliance grew its stake in Verisk Analytics by 4.3% during the fourth quarter. Wealth Alliance now owns 1,147 shares of the business services provider’s stock valued at $274,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VRSK. BMO Capital Markets raised their target price on shares of Verisk Analytics from $238.00 to $241.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Evercore ISI raised their price target on shares of Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Finally, UBS Group raised their price target on shares of Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $258.54.

Insider Transactions at Verisk Analytics

In other news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $277.38, for a total transaction of $55,476.00. Following the transaction, the chief financial officer now owns 16,408 shares of the company’s stock, valued at approximately $4,551,251.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Verisk Analytics news, insider Nicholas Daffan sold 1,511 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $248.88, for a total value of $376,057.68. Following the transaction, the insider now owns 52,500 shares of the company’s stock, valued at $13,066,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $277.38, for a total transaction of $55,476.00. Following the completion of the transaction, the chief financial officer now directly owns 16,408 shares in the company, valued at approximately $4,551,251.04. The disclosure for this sale can be found here. Insiders sold 2,237 shares of company stock valued at $572,739 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Verisk Analytics Stock Performance

Shares of VRSK traded up $3.79 during trading hours on Friday, hitting $279.69. The stock had a trading volume of 114,421 shares, compared to its average volume of 835,867. The firm has a market capitalization of $39.91 billion, a price-to-earnings ratio of 51.69, a PEG ratio of 3.44 and a beta of 0.84. The firm has a 50-day moving average price of $266.36 and a 200 day moving average price of $247.26. The company has a debt-to-equity ratio of 9.94, a quick ratio of 1.09 and a current ratio of 1.09. Verisk Analytics, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $282.21.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.52 by $0.11. Verisk Analytics had a net margin of 28.45% and a return on equity of 268.19%. The company had revenue of $704.00 million during the quarter, compared to analyst estimates of $699.07 million. During the same quarter in the previous year, the firm earned $1.29 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that Verisk Analytics, Inc. will post 6.55 EPS for the current year.

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.