ING Groep NV Has $13.13 Million Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK)

ING Groep NV grew its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 16.3% during the third quarter, HoldingsChannel reports. The firm owned 48,991 shares of the business services provider’s stock after buying an additional 6,854 shares during the quarter. ING Groep NV’s holdings in Verisk Analytics were worth $13,128,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

VRSK has been the subject of several research reports. BMO Capital Markets increased their price objective on 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 reissued an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Company upgraded shares of Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Morgan Stanley boosted their price target on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Verisk Analytics has a consensus rating of “Moderate Buy” and an average price target of $285.80.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the transaction, the chief financial officer now directly owns 15,808 shares in the company, valued at approximately $4,289,184.64. This trade represents a 1.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

Verisk Analytics Trading Down 1.3 %

VRSK stock opened at $286.13 on Friday. Verisk Analytics, Inc. has a 1-year low of $217.34 and a 1-year high of $291.42. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 8.36. The business’s 50 day moving average is $270.87 and its 200-day moving average is $265.91. The firm has a market cap of $40.40 billion, a P/E ratio of 44.64, a P/E/G ratio of 3.64 and a beta of 0.86.

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

Verisk Analytics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 yield of 0.55%. Verisk Analytics’s dividend payout ratio (DPR) is 24.34%.

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.