Short Interest in Verisk Analytics, Inc. (NASDAQ:VRSK) Expands By 9.6%

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Verisk Analytics, Inc. (NASDAQ:VRSK) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,720,000 shares, an increase of 9.6% from the August 30th total of 1,570,000 shares. Based on an average daily trading volume, of 711,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.1% of the shares of the stock are short sold.

In other news, insider Vincent De P. Mccarthy sold 3,591 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $157.85, for a total transaction of $566,839.35. Following the sale, the insider now directly owns 36,033 shares of the company’s stock, valued at $5,687,809.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Constantine Iordanou sold 2,122 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $153.01, for a total value of $324,687.22. Following the sale, the director now directly owns 59,214 shares in the company, valued at $9,060,334.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,670 shares of company stock valued at $10,384,924. Insiders own 2.71% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Riverbridge Partners LLC raised its position in Verisk Analytics by 1.3% during the third quarter. Riverbridge Partners LLC now owns 795,205 shares of the business services provider’s stock valued at $125,754,000 after buying an additional 9,993 shares during the period. Pacer Advisors Inc. raised its position in Verisk Analytics by 9.4% during the third quarter. Pacer Advisors Inc. now owns 28,200 shares of the business services provider’s stock valued at $4,460,000 after buying an additional 2,418 shares during the period. State of Alaska Department of Revenue raised its position in Verisk Analytics by 110.4% during the third quarter. State of Alaska Department of Revenue now owns 67,667 shares of the business services provider’s stock valued at $10,700,000 after buying an additional 35,506 shares during the period. Private Trust Co. NA raised its position in Verisk Analytics by 20.7% during the third quarter. Private Trust Co. NA now owns 1,956 shares of the business services provider’s stock valued at $309,000 after buying an additional 336 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Verisk Analytics by 83.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 53,130 shares of the business services provider’s stock valued at $7,781,000 after buying an additional 24,142 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the company. Bank of America boosted their target price on Verisk Analytics from $146.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. BidaskClub raised Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. Robert W. Baird boosted their target price on Verisk Analytics from $137.00 to $165.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th. Morgan Stanley boosted their target price on Verisk Analytics from $163.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, UBS Group boosted their target price on Verisk Analytics from $119.00 to $124.00 and gave the stock a “sell” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $147.60.

NASDAQ:VRSK traded down $1.73 during trading hours on Monday, hitting $155.38. 503,065 shares of the company’s stock traded hands, compared to its average volume of 734,159. The firm has a market cap of $25.81 billion, a P/E ratio of 37.81, a P/E/G ratio of 3.53 and a beta of 0.70. Verisk Analytics has a twelve month low of $102.74 and a twelve month high of $164.97. 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 stock’s fifty day moving average price is $158.16 and its two-hundred day moving average price is $148.03.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.10 earnings per share for the quarter, meeting the consensus estimate of $1.10. The firm had revenue of $652.60 million for the quarter, compared to analyst estimates of $642.61 million. Verisk Analytics had a return on equity of 33.05% and a net margin of 23.97%. Verisk Analytics’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 earnings per share. On average, equities research analysts predict that Verisk Analytics will post 4.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.64%. The ex-dividend date was 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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