Kayne Anderson Rudnick Investment Management LLC Increases Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Kayne Anderson Rudnick Investment Management LLC grew its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 9.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 97,324 shares of the business services provider’s stock after purchasing an additional 8,753 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Verisk Analytics were worth $14,254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Magnetar Financial LLC purchased a new stake in shares of Verisk Analytics in the second quarter valued at $1,781,000. Royal Bank of Canada raised its stake in shares of Verisk Analytics by 1.2% in the second quarter. Royal Bank of Canada now owns 310,491 shares of the business services provider’s stock valued at $45,474,000 after acquiring an additional 3,662 shares during the period. UBS Group AG raised its stake in shares of Verisk Analytics by 10.8% in the second quarter. UBS Group AG now owns 141,675 shares of the business services provider’s stock valued at $20,750,000 after acquiring an additional 13,796 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Verisk Analytics in the second quarter valued at $854,000. Finally, HM Payson & Co. purchased a new stake in shares of Verisk Analytics in the second quarter valued at $89,000. 91.37% of the stock is currently owned by institutional investors and hedge funds.

VRSK stock traded up $2.64 during trading on Monday, hitting $158.23. The company had a trading volume of 10,701 shares, compared to its average volume of 701,234. The firm has a market capitalization of $26.04 billion, a P/E ratio of 38.54, a PEG ratio of 3.56 and a beta of 0.72. Verisk Analytics, Inc. has a 52-week low of $102.74 and a 52-week high of $164.97. The company has a 50 day simple moving average of $158.13 and a 200-day simple moving average of $146.05. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.21.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.10 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.10. The company had revenue of $652.60 million for the quarter, compared to the consensus estimate of $642.61 million. Verisk Analytics had a net margin of 23.97% and a return on equity of 33.05%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 EPS. Sell-side analysts forecast that Verisk Analytics, Inc. will post 4.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.63%. The ex-dividend date is Thursday, September 12th. Verisk Analytics’s dividend payout ratio is presently 24.33%.

In related news, insider Vincent De P. Mccarthy sold 46,229 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $156.87, for a total value of $7,251,943.23. Following the transaction, the insider now owns 53,922 shares of the company’s stock, valued at approximately $8,458,744.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David B. Wright sold 14,728 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $152.19, for a total transaction of $2,241,454.32. Following the completion of the transaction, the director now directly owns 26,207 shares in the company, valued at approximately $3,988,443.33. The disclosure for this sale can be found here. Insiders sold a total of 63,079 shares of company stock worth $9,818,085 in the last ninety days. 2.71% of the stock is currently owned by insiders.

VRSK has been the topic of several recent analyst reports. Bank of America increased their target price on shares of Verisk Analytics from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Robert W. Baird increased their target price on shares of Verisk Analytics from $137.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. Keefe, Bruyette & Woods initiated coverage on shares of Verisk Analytics in a research note on Monday, September 23rd. They issued a “market perform” rating and a $166.00 target price on the stock. BidaskClub downgraded shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, UBS Group increased their target price on shares of Verisk Analytics from $119.00 to $124.00 and gave the company a “sell” rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $144.40.

Verisk Analytics Profile

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

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

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