Scotia Capital Inc. Has $2.67 Million Stake in Verisk Analytics, Inc. (NASDAQ:VRSK)

Scotia Capital Inc. increased its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK) by 23.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,202 shares of the business services provider’s stock after buying an additional 3,430 shares during the period. Scotia Capital Inc.’s holdings in Verisk Analytics were worth $2,666,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BTIM Corp. increased its holdings in Verisk Analytics by 0.5% during the second quarter. BTIM Corp. now owns 35,899 shares of the business services provider’s stock worth $5,257,000 after buying an additional 169 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Verisk Analytics by 82.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,767 shares of the business services provider’s stock worth $1,432,000 after purchasing an additional 4,863 shares during the period. Progressive Investment Management Corp boosted its position in Verisk Analytics by 1.0% during the second quarter. Progressive Investment Management Corp now owns 36,458 shares of the business services provider’s stock worth $5,340,000 after purchasing an additional 378 shares during the period. Hanseatic Management Services Inc. boosted its position in Verisk Analytics by 10.9% during the first quarter. Hanseatic Management Services Inc. now owns 7,760 shares of the business services provider’s stock worth $1,032,000 after purchasing an additional 764 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in Verisk Analytics by 3.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 26,915 shares of the business services provider’s stock worth $3,942,000 after purchasing an additional 998 shares during the period. Institutional investors and hedge funds own 91.40% of the company’s stock.

In related news, Director Constantine Iordanou sold 2,122 shares of Verisk Analytics stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $153.01, for a total transaction of $324,687.22. Following the completion of the transaction, the director now directly owns 59,214 shares of the company’s stock, valued at approximately $9,060,334.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Wright sold 14,728 shares of Verisk Analytics stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $152.19, for a total transaction of $2,241,454.32. Following the transaction, the director now directly owns 26,207 shares of the company’s stock, valued at $3,988,443.33. The disclosure for this sale can be found here. 2.71% of the stock is currently owned by company insiders.

A number of equities analysts have commented on the stock. Bank of America lifted their price objective on shares of Verisk Analytics from $146.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. BidaskClub downgraded shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, UBS Group increased their target price on shares of Verisk Analytics from $119.00 to $124.00 and gave the company a “sell” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $138.89.

Shares of NASDAQ:VRSK traded down $0.71 during mid-day trading on Friday, hitting $156.72. The stock had a trading volume of 19,967 shares, compared to its average volume of 623,516. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $25.36 billion, a PE ratio of 38.10, a P/E/G ratio of 3.46 and a beta of 0.72. Verisk Analytics, Inc. has a 12-month low of $102.74 and a 12-month high of $164.97. The company’s 50 day moving average is $156.59 and its 200-day moving average is $143.70.

Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.10 EPS for the quarter, hitting analysts’ consensus estimates of $1.10. The company had revenue of $652.60 million during the quarter, compared to the consensus estimate of $642.61 million. Verisk Analytics had a net margin of 23.97% and a return on equity of 33.05%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $1.06 EPS. On average, equities research analysts predict that Verisk Analytics, Inc. will post 4.42 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Thursday, September 12th. Verisk Analytics’s payout ratio is 24.33%.

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

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