OneAscent Wealth Management LLC Increases Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

OneAscent Wealth Management LLC increased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,010 shares of the business services provider’s stock after acquiring an additional 47 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Verisk Analytics were worth $271,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRSK. Legal & General Group Plc boosted its holdings in Verisk Analytics by 7.4% in the second quarter. Legal & General Group Plc now owns 1,618,266 shares of the business services provider’s stock valued at $436,204,000 after acquiring an additional 111,364 shares during the last quarter. TD Asset Management Inc grew its stake in Verisk Analytics by 5.5% during the 2nd quarter. TD Asset Management Inc now owns 1,502,614 shares of the business services provider’s stock valued at $405,030,000 after purchasing an additional 78,008 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd increased its stake in shares of Verisk Analytics by 1.1% in the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,137,069 shares of the business services provider’s stock worth $268,041,000 after buying an additional 12,231 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Verisk Analytics by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,628 shares of the business services provider’s stock worth $297,491,000 after purchasing an additional 85,202 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in Verisk Analytics by 6.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 613,185 shares of the business services provider’s stock valued at $165,284,000 after buying an additional 38,258 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on VRSK. Royal Bank of Canada increased their target price on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. BMO Capital Markets boosted their price target on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Morgan Stanley raised their price target on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Robert W. Baird upped their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $285.80.

Insider Buying and Selling

In related news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total value of $54,266.00. Following the completion of the sale, the chief financial officer now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lee Shavel sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $280.71, for a total transaction of $280,710.00. Following the completion of the transaction, the chief executive officer now directly owns 53,163 shares of the company’s stock, valued at $14,923,385.73. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,400 shares of company stock valued at $678,764. 0.40% of the stock is owned by corporate insiders.

Verisk Analytics Stock Performance

Shares of VRSK opened at $280.36 on Tuesday. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s 50 day moving average is $271.45 and its 200-day moving average is $267.37. Verisk Analytics, Inc. has a 12-month low of $217.34 and a 12-month high of $291.42. The stock has a market capitalization of $39.59 billion, a P/E ratio of 43.74, a P/E/G ratio of 3.52 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.07. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. The firm had revenue of $725.30 million for the quarter, compared to analyst estimates of $722.19 million. During the same quarter in the previous year, the business posted $1.52 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that Verisk Analytics, Inc. will post 6.63 EPS 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 $0.39 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.56%. 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.