IHT Wealth Management LLC Has $649,000 Stock Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

IHT Wealth Management LLC grew its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 57.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,399 shares of the business services provider’s stock after buying an additional 880 shares during the period. IHT Wealth Management LLC’s holdings in Verisk Analytics were worth $649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Verisk Analytics in the 2nd quarter valued at $31,000. Chilton Capital Management LLC bought a new stake in Verisk Analytics in the 2nd quarter valued at $34,000. Ashton Thomas Securities LLC bought a new stake in Verisk Analytics in the 3rd quarter valued at $34,000. Rothschild Investment LLC bought a new stake in Verisk Analytics in the 2nd quarter valued at $41,000. Finally, Kings Path Partners LLC bought a new stake in Verisk Analytics in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, CEO Lee Shavel sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $286.49, for a total transaction of $286,490.00. Following the transaction, the chief executive officer now owns 54,163 shares in the company, valued at $15,517,157.87. This represents a 1.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the chief financial officer now owns 15,808 shares in the company, valued at approximately $4,289,184.64. The trade was a 1.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,400 shares of company stock worth $678,764. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

VRSK has been the topic of several research reports. Robert W. Baird boosted their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Evercore ISI reissued an “in-line” rating and set a $279.00 price target on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Finally, Barclays boosted their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $285.80.

Verisk Analytics Stock Down 0.6 %

Shares of VRSK stock opened at $287.06 on Friday. The company has a debt-to-equity ratio of 8.36, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50-day moving average is $277.91 and its 200-day moving average is $271.45. The stock has a market cap of $40.54 billion, a price-to-earnings ratio of 44.78, a PEG ratio of 3.66 and a beta of 0.87. Verisk Analytics, Inc. has a 52-week low of $217.34 and a 52-week high of $296.58.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. The company had revenue of $725.30 million for the quarter, compared to analysts’ expectations of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. Verisk Analytics’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 EPS. Sell-side analysts predict that Verisk Analytics, Inc. will post 6.63 EPS for the current 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 paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.54%. Verisk Analytics’s dividend payout ratio (DPR) is currently 24.34%.

Verisk Analytics 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.