Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Acquired by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp raised its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,504 shares of the business services provider’s stock after acquiring an additional 575 shares during the period. Atlantic Union Bankshares Corp’s holdings in Verisk Analytics were worth $2,547,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VRSK. International Assets Investment Management LLC purchased a new stake in shares of Verisk Analytics during the 2nd quarter worth about $31,000. Chilton Capital Management LLC purchased a new stake in Verisk Analytics during the second quarter worth approximately $34,000. Ashton Thomas Securities LLC purchased a new stake in Verisk Analytics during the third quarter worth approximately $34,000. Rothschild Investment LLC acquired a new stake in shares of Verisk Analytics in the second quarter worth $41,000. Finally, Kings Path Partners LLC purchased a new position in shares of Verisk Analytics in the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Verisk Analytics Price Performance

Shares of VRSK stock opened at $294.21 on Friday. The firm has a fifty day moving average of $275.42 and a two-hundred day moving average of $269.93. The firm has a market cap of $41.55 billion, a P/E ratio of 45.90, a P/E/G ratio of 3.69 and a beta of 0.86. Verisk Analytics, Inc. has a 1-year low of $217.34 and a 1-year high of $296.58. 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 posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The business had revenue of $725.30 million during the quarter, compared to the consensus estimate of $722.19 million. During the same period last year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts anticipate that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.53%. The ex-dividend date is Friday, December 13th. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on VRSK shares. Royal Bank of Canada upped their price target on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Barclays increased their target price on Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Robert W. Baird boosted their price target on Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Evercore ISI restated an “in-line” rating and issued a $279.00 price target on shares of Verisk Analytics in a report on Wednesday, October 2nd. Finally, BMO Capital Markets boosted their target price 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 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $285.80.

Insider Buying and Selling

In other news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total transaction of $54,266.00. Following the sale, the chief financial officer now directly owns 15,808 shares in the company, valued at approximately $4,289,184.64. This represents a 1.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lee Shavel sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $286.49, for a total value of $286,490.00. Following the transaction, the chief executive officer now owns 54,163 shares of the company’s stock, valued at $15,517,157.87. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,400 shares of company stock worth $678,764 over the last ninety days. 0.40% of the stock is owned by insiders.

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.