KCM Investment Advisors LLC Grows Position in Verisk Analytics, Inc. (NASDAQ:VRSK)

KCM Investment Advisors LLC raised its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,836 shares of the business services provider’s stock after purchasing an additional 86 shares during the quarter. KCM Investment Advisors LLC’s holdings in Verisk Analytics were worth $1,028,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Marshall Financial Group LLC increased its stake in Verisk Analytics by 0.8% in the 3rd quarter. Marshall Financial Group LLC now owns 4,932 shares of the business services provider’s stock worth $1,322,000 after buying an additional 38 shares during the period. Signaturefd LLC raised its stake in shares of Verisk Analytics by 1.5% during the third quarter. Signaturefd LLC now owns 2,586 shares of the business services provider’s stock valued at $693,000 after acquiring an additional 38 shares in the last quarter. Brookstone Capital Management boosted its holdings in shares of Verisk Analytics by 1.2% in the second quarter. Brookstone Capital Management now owns 3,517 shares of the business services provider’s stock valued at $982,000 after purchasing an additional 41 shares during the period. EverSource Wealth Advisors LLC grew its stake in Verisk Analytics by 19.0% in the first quarter. EverSource Wealth Advisors LLC now owns 263 shares of the business services provider’s stock worth $57,000 after purchasing an additional 42 shares in the last quarter. Finally, Ascent Group LLC grew its stake in Verisk Analytics by 1.8% in the second quarter. Ascent Group LLC now owns 2,465 shares of the business services provider’s stock worth $664,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.

Insider Transactions at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $4,289,184.64. This trade represents a 1.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Stock Down 1.9 %

Verisk Analytics stock opened at $280.80 on Friday. The business has a fifty day moving average price of $271.31 and a 200-day moving average price of $266.46. Verisk Analytics, Inc. has a 1-year low of $217.34 and a 1-year high of $291.42. The stock has a market capitalization of $39.65 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 3.59 and a beta of 0.86. 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 announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.60 by $0.07. The firm had revenue of $725.30 million during the quarter, compared to analyst estimates of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. Verisk Analytics’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $1.52 EPS. Equities research analysts forecast that Verisk Analytics, Inc. will post 6.63 EPS 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. Stockholders of record on Friday, December 13th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Friday, December 13th. Verisk Analytics’s payout ratio is 24.34%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VRSK. Deutsche Bank Aktiengesellschaft upped their target price on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Morgan Stanley increased their target price on shares of Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Barclays boosted their price target on shares of Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Royal Bank of Canada increased their price objective on shares of Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, Evercore ISI reissued an “in-line” rating and issued a $279.00 price objective on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $285.80.

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.