CIBC Asset Management Inc Purchases 518 Shares of Verisk Analytics, Inc. (VRSK)

CIBC Asset Management Inc boosted its position in Verisk Analytics, Inc. (NASDAQ:VRSK) by 1.3% in the first quarter, HoldingsChannel reports. The firm owned 41,729 shares of the business services provider’s stock after purchasing an additional 518 shares during the quarter. CIBC Asset Management Inc’s holdings in Verisk Analytics were worth $5,550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VRSK. Suntrust Banks Inc. grew its position in shares of Verisk Analytics by 0.4% in the 4th quarter. Suntrust Banks Inc. now owns 22,973 shares of the business services provider’s stock valued at $2,504,000 after buying an additional 86 shares during the last quarter. Tandem Investment Advisors Inc. grew its position in shares of Verisk Analytics by 1.5% in the 1st quarter. Tandem Investment Advisors Inc. now owns 5,935 shares of the business services provider’s stock valued at $789,000 after buying an additional 88 shares during the last quarter. Pitcairn Co. grew its position in shares of Verisk Analytics by 4.7% in the 4th quarter. Pitcairn Co. now owns 2,039 shares of the business services provider’s stock valued at $223,000 after buying an additional 92 shares during the last quarter. Kaizen Advisory LLC grew its position in shares of Verisk Analytics by 26.2% in the 4th quarter. Kaizen Advisory LLC now owns 462 shares of the business services provider’s stock valued at $50,000 after buying an additional 96 shares during the last quarter. Finally, Utah Retirement Systems grew its position in shares of Verisk Analytics by 0.3% in the 4th quarter. Utah Retirement Systems now owns 29,920 shares of the business services provider’s stock valued at $3,262,000 after buying an additional 100 shares during the last quarter. 92.55% of the stock is owned by institutional investors and hedge funds.

In related news, Director David B. Wright sold 11,250 shares of the company’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $125.27, for a total transaction of $1,409,287.50. Following the sale, the director now owns 32,291 shares in the company, valued at approximately $4,045,093.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vincent De P. Mccarthy sold 3,090 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $124.92, for a total value of $386,002.80. Following the sale, the insider now owns 37,127 shares in the company, valued at approximately $4,637,904.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,139 shares of company stock worth $4,461,097. 2.71% of the stock is owned by corporate insiders.

Shares of Verisk Analytics stock opened at $139.32 on Thursday. Verisk Analytics, Inc. has a one year low of $102.74 and a one year high of $143.67. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market cap of $23.04 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 3.09 and a beta of 0.80.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.03 EPS for the quarter, meeting the consensus estimate of $1.03. Verisk Analytics had a return on equity of 33.36% and a net margin of 24.60%. The company had revenue of $625.00 million for the quarter, compared to analyst estimates of $618.14 million. During the same quarter in the prior year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts expect that Verisk Analytics, Inc. will post 4.42 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 13th. Verisk Analytics’s payout ratio is 6.08%.

A number of equities research analysts have commented on VRSK shares. Deutsche Bank set a $137.00 price target on Verisk Analytics and gave the company a “hold” rating in a research report on Tuesday, April 23rd. UBS Group upped their price target on Verisk Analytics from $100.00 to $106.00 and gave the company a “sell” rating in a research report on Tuesday, March 12th. SunTrust Banks upped their price target on Verisk Analytics to $150.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Barclays reiterated a “buy” rating and issued a $155.00 price target on shares of Verisk Analytics in a research report on Sunday, May 5th. Finally, Zacks Investment Research lowered Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Tuesday, February 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $130.00.

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About Verisk Analytics

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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Want to see what other hedge funds are holding VRSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisk Analytics, Inc. (NASDAQ:VRSK).

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

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