Private Advisor Group LLC bought a new position in Verisk Analytics, Inc. (NASDAQ:VRSK – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,414 shares of the business services provider’s stock, valued at approximately $271,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRSK. UNIVEST FINANCIAL Corp boosted its stake in shares of Verisk Analytics by 4.6% during the 1st quarter. UNIVEST FINANCIAL Corp now owns 1,190 shares of the business services provider’s stock worth $228,000 after buying an additional 52 shares during the last quarter. OLD National Bancorp IN boosted its stake in shares of Verisk Analytics by 4.4% during the 1st quarter. OLD National Bancorp IN now owns 1,325 shares of the business services provider’s stock worth $254,000 after buying an additional 56 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Verisk Analytics by 8.9% during the 4th quarter. First Horizon Advisors Inc. now owns 711 shares of the business services provider’s stock worth $125,000 after buying an additional 58 shares during the last quarter. Advisor OS LLC boosted its stake in shares of Verisk Analytics by 1.0% during the 1st quarter. Advisor OS LLC now owns 6,542 shares of the business services provider’s stock worth $1,255,000 after buying an additional 63 shares during the last quarter. Finally, Summit Financial LLC boosted its stake in shares of Verisk Analytics by 1.4% during the 1st quarter. Summit Financial LLC now owns 4,682 shares of the business services provider’s stock worth $898,000 after buying an additional 66 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Verisk Analytics
In related news, insider Nicholas Daffan sold 1,561 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $219.36, for a total transaction of $342,420.96. Following the sale, the insider now owns 40,875 shares in the company, valued at approximately $8,966,340. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Kathy Card Beckles sold 396 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $222.13, for a total transaction of $87,963.48. Following the sale, the insider now owns 7,066 shares in the company, valued at approximately $1,569,570.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas Daffan sold 1,561 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $219.36, for a total transaction of $342,420.96. Following the sale, the insider now owns 40,875 shares in the company, valued at approximately $8,966,340. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,682 shares of company stock valued at $4,085,894. 1.31% of the stock is currently owned by company insiders.
Verisk Analytics Stock Down 0.9 %
Shares of VRSK opened at $240.61 on Wednesday. Verisk Analytics, Inc. has a 12 month low of $162.94 and a 12 month high of $243.70. The firm’s 50 day moving average is $232.04 and its 200-day moving average is $211.51. The stock has a market capitalization of $34.84 billion, a PE ratio of 72.69, a P/E/G ratio of 3.94 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 9.29.
Verisk Analytics (NASDAQ:VRSK – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The business services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.40 by $0.11. Verisk Analytics had a net margin of 18.64% and a return on equity of 83.76%. The company had revenue of $675.00 million for the quarter, compared to analysts’ expectations of $653.13 million. Equities research analysts forecast that Verisk Analytics, Inc. will post 5.71 EPS for the current year.
Verisk Analytics Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.36 annualized dividend and a dividend yield of 0.57%. Verisk Analytics’s dividend payout ratio is presently 41.09%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on VRSK. BMO Capital Markets upped their target price on shares of Verisk Analytics from $229.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, August 4th. JPMorgan Chase & Co. upped their target price on shares of Verisk Analytics from $225.00 to $260.00 in a report on Thursday, August 3rd. Raymond James upped their target price on shares of Verisk Analytics from $225.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. The Goldman Sachs Group upped their target price on shares of Verisk Analytics from $215.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, July 20th. Finally, StockNews.com began coverage on shares of Verisk Analytics in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Verisk Analytics presently has an average rating of “Moderate Buy” and an average price target of $235.92.
Get Our Latest Stock Analysis on VRSK
Verisk Analytics Profile
Verisk Analytics, Inc provides data analytics solutions to the insurance markets 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, and various other fields.
See Also
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