Crew Capital Management Ltd. Takes $218,000 Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

Crew Capital Management Ltd. bought a new stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 814 shares of the business services provider’s stock, valued at approximately $218,000.

Several other institutional investors have also recently made changes to their positions in VRSK. Epoch Investment Partners Inc. increased its holdings in shares of Verisk Analytics by 60.4% during the 2nd quarter. Epoch Investment Partners Inc. now owns 541,426 shares of the business services provider’s stock valued at $145,941,000 after purchasing an additional 203,951 shares in the last quarter. Swedbank AB purchased a new stake in Verisk Analytics in the 1st quarter worth $28,739,000. Acadian Asset Management LLC increased its holdings in Verisk Analytics by 187.1% in the 2nd quarter. Acadian Asset Management LLC now owns 171,835 shares of the business services provider’s stock worth $46,305,000 after acquiring an additional 111,992 shares in the last quarter. Legal & General Group Plc increased its holdings in Verisk Analytics by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock worth $436,204,000 after acquiring an additional 111,364 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Verisk Analytics by 33.7% in the 2nd quarter. Renaissance Technologies LLC now owns 373,800 shares of the business services provider’s stock worth $100,758,000 after acquiring an additional 94,300 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

Verisk Analytics Trading Up 0.2 %

Verisk Analytics stock traded up $0.52 during midday trading on Monday, hitting $268.14. 69,108 shares of the stock were exchanged, compared to its average volume of 799,629. Verisk Analytics, Inc. has a fifty-two week low of $215.32 and a fifty-two week high of $287.13. The stock has a market capitalization of $38.26 billion, a price-to-earnings ratio of 50.21, a PEG ratio of 3.40 and a beta of 0.86. The stock’s 50-day simple moving average is $268.88 and its 200 day simple moving average is $259.74. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 5.86.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.10. The firm had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $722.45 million. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. Verisk Analytics’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.51 earnings per share. On average, equities analysts anticipate that Verisk Analytics, Inc. will post 6.57 EPS for the current year.

Verisk Analytics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Sunday, September 15th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, September 13th. Verisk Analytics’s dividend payout ratio (DPR) is presently 29.10%.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total transaction of $54,266.00. Following the completion of the transaction, the chief financial officer now owns 15,808 shares of the company’s stock, valued at $4,289,184.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target 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. BMO Capital Markets cut their price target on shares of Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating for the company in a report on Thursday, August 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. Robert W. Baird boosted 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. Finally, Royal Bank of Canada increased their target price on shares of Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Verisk Analytics has an average rating of “Moderate Buy” and an average target price of $278.67.

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.