MAI Capital Management Has $4.99 Million Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

MAI Capital Management lessened its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,617 shares of the business services provider’s stock after selling 2,065 shares during the period. MAI Capital Management’s holdings in Verisk Analytics were worth $4,988,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in Verisk Analytics in the second quarter valued at approximately $31,000. Chilton Capital Management LLC acquired a new position in shares of Verisk Analytics during the 2nd quarter worth approximately $34,000. Ashton Thomas Securities LLC acquired a new stake in Verisk Analytics during the 3rd quarter valued at $34,000. Rothschild Investment LLC bought a new position in Verisk Analytics during the second quarter worth $41,000. Finally, Kings Path Partners LLC bought a new position in Verisk Analytics during the second quarter worth $46,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

Verisk Analytics Price Performance

VRSK stock opened at $281.64 on Wednesday. Verisk Analytics, Inc. has a 1 year low of $217.34 and a 1 year high of $291.42. The stock has a market capitalization of $39.77 billion, a PE ratio of 43.94, a price-to-earnings-growth ratio of 3.52 and a beta of 0.86. The company’s 50-day moving average is $271.61 and its 200-day moving average is $267.68. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. The company had revenue of $725.30 million for the quarter, compared to analysts’ expectations of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. Verisk Analytics’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. Equities research analysts expect that Verisk Analytics, Inc. will post 6.63 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.55%. Verisk Analytics’s dividend payout ratio is currently 24.34%.

Insider Buying and Selling at Verisk Analytics

In other news, CEO Lee Shavel sold 1,000 shares of Verisk Analytics stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $286.49, for a total value of $286,490.00. Following the completion of the transaction, the chief executive officer now owns 54,163 shares in the company, valued at $15,517,157.87. This trade represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction on Friday, November 15th. The shares were 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 in the company, valued at approximately $4,471,535.92. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VRSK shares. Evercore ISI reissued an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a report on Wednesday, October 2nd. Morgan Stanley raised their target price on shares of Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price target on Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Barclays upped their target price 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, BMO Capital Markets increased their price target on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Verisk Analytics presently has an average 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.