Logan Capital Management Inc. Buys 697 Shares of Verisk Analytics, Inc. (NASDAQ:VRSK)

Logan Capital Management Inc. raised its stake in Verisk Analytics, Inc. (NASDAQ:VRSKGet Rating) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,490 shares of the business services provider’s stock after buying an additional 697 shares during the period. Logan Capital Management Inc.’s holdings in Verisk Analytics were worth $5,256,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VRSK. Parnassus Investments LLC increased its holdings in shares of Verisk Analytics by 316.4% in the 1st quarter. Parnassus Investments LLC now owns 4,821,749 shares of the business services provider’s stock worth $1,034,892,000 after buying an additional 3,663,826 shares during the last quarter. Norges Bank bought a new position in shares of Verisk Analytics in the 4th quarter worth $305,487,000. BlackRock Inc. increased its holdings in shares of Verisk Analytics by 3.9% in the 1st quarter. BlackRock Inc. now owns 12,140,927 shares of the business services provider’s stock worth $2,605,808,000 after buying an additional 456,834 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Verisk Analytics by 20.9% during the 1st quarter. JPMorgan Chase & Co. now owns 2,614,266 shares of the business services provider’s stock valued at $561,101,000 after purchasing an additional 451,307 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Verisk Analytics during the 4th quarter valued at $101,510,000. Institutional investors own 91.19% of the company’s stock.

Insider Transactions at Verisk Analytics

In other news, Director Therese M. Vaughan sold 932 shares of the firm’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $192.30, for a total value of $179,223.60. Following the completion of the sale, the director now directly owns 13,021 shares of the company’s stock, valued at approximately $2,503,938.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Therese M. Vaughan sold 629 shares of Verisk Analytics stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $199.22, for a total transaction of $125,309.38. Following the completion of the transaction, the director now directly owns 11,064 shares of the company’s stock, valued at approximately $2,204,170.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Therese M. Vaughan sold 932 shares of Verisk Analytics stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $192.30, for a total transaction of $179,223.60. Following the transaction, the director now directly owns 13,021 shares of the company’s stock, valued at $2,503,938.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,648 shares of company stock valued at $933,186. Company insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VRSK shares. Royal Bank of Canada reduced their target price on shares of Verisk Analytics from $227.00 to $210.00 and set an “outperform” rating on the stock in a report on Wednesday, June 29th. Robert W. Baird increased their target price on shares of Verisk Analytics from $215.00 to $220.00 in a report on Thursday, August 4th. StockNews.com lowered shares of Verisk Analytics from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. BMO Capital Markets increased their target price on shares of Verisk Analytics from $186.00 to $200.00 and gave the company a “market perform” rating in a report on Thursday, August 4th. Finally, Barclays reduced their target price on shares of Verisk Analytics from $220.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Verisk Analytics currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.18.

Verisk Analytics Trading Up 0.5 %

NASDAQ:VRSK opened at $192.04 on Friday. The company has a 50-day moving average price of $189.08 and a 200-day moving average price of $189.05. Verisk Analytics, Inc. has a 12 month low of $156.05 and a 12 month high of $231.57. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.99. The stock has a market cap of $30.14 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 3.00 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSKGet Rating) last posted its earnings results on Tuesday, August 2nd. The business services provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.41 by $0.12. Verisk Analytics had a net margin of 34.37% and a return on equity of 35.21%. During the same period in the previous year, the business posted $1.17 earnings per share. Equities analysts predict that Verisk Analytics, Inc. will post 5.78 EPS for the current year.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.24 annualized dividend and a dividend yield of 0.65%. Verisk Analytics’s dividend payout ratio is 19.14%.

Verisk Analytics Company Profile

(Get Rating)

Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, commercial banking and finance, and various other fields.

See Also

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Institutional Ownership by Quarter for Verisk Analytics (NASDAQ:VRSK)

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