Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its stake in shares of Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,033 shares of the business services provider’s stock after selling 4,134 shares during the period. Kornitzer Capital Management Inc. KS owned 0.08% of Verisk Analytics worth $20,299,000 as of its most recent SEC filing.

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Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in shares of Verisk Analytics by 140.8% during the second quarter. Jones Financial Companies Lllp now owns 171 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 100 shares during the last quarter. Salem Investment Counselors Inc. purchased a new position in Verisk Analytics during the second quarter worth about $30,000. Private Trust Co. NA purchased a new position in Verisk Analytics during the second quarter worth about $33,000. International Assets Investment Management LLC purchased a new position in Verisk Analytics during the third quarter worth about $44,000. Finally, Lindbrook Capital LLC lifted its position in Verisk Analytics by 257.1% during the second quarter. Lindbrook Capital LLC now owns 275 shares of the business services provider’s stock worth $48,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 89.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VRSK. Barclays lifted their price objective on Verisk Analytics from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 2nd. Redburn Partners started coverage on shares of Verisk Analytics in a research note on Wednesday, January 11th. They set a “sell” rating for the company. Morgan Stanley boosted their price objective on shares of Verisk Analytics from $170.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 4th. Raymond James decreased their price objective on shares of Verisk Analytics from $215.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, November 7th. Finally, BMO Capital Markets decreased their target price on shares of Verisk Analytics from $184.00 to $173.00 and set a “market perform” rating for the company in a research note on Thursday, November 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Verisk Analytics presently has an average rating of “Hold” and a consensus target price of $196.36.

Insider Transactions at Verisk Analytics

In other news, Director David B. Wright sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $182.88, for a total value of $731,520.00. Following the transaction, the director now directly owns 9,710 shares of the company’s stock, valued at $1,775,764.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.78% of the stock is currently owned by company insiders.

Verisk Analytics Price Performance

Shares of NASDAQ VRSK traded up $1.42 during trading on Friday, hitting $179.73. The company had a trading volume of 7,461 shares, compared to its average volume of 690,837. The business’s 50-day moving average is $179.25 and its 200 day moving average is $181.32. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.46. Verisk Analytics, Inc. has a 52 week low of $156.05 and a 52 week high of $222.11. The company has a market cap of $28.11 billion, a P/E ratio of 27.69, a PEG ratio of 2.95 and a beta of 0.82.

Verisk Analytics (NASDAQ:VRSK – Get Rating) last announced its earnings results on Tuesday, November 1st. The business services provider reported $1.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.46. Verisk Analytics had a net margin of 34.12% and a return on equity of 37.62%. The company had revenue of $745.30 million for the quarter, compared to the consensus estimate of $757.80 million. During the same period in the previous year, the business earned $1.44 EPS. Equities research analysts predict that Verisk Analytics, Inc. will post 5.51 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Wednesday, December 14th. Verisk Analytics’s dividend payout ratio (DPR) is presently 19.25%.

Verisk Analytics Profile

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