CFC Planning Co LLC purchased a new stake in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,950 shares of the business services provider's stock, valued at approximately $580,000.
Several other institutional investors have also recently added to or reduced their stakes in VRSK. Assenagon Asset Management S.A. grew its position in Verisk Analytics by 225.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 14,919 shares of the business services provider's stock valued at $4,440,000 after purchasing an additional 10,331 shares during the period. Simon Quick Advisors LLC acquired a new stake in Verisk Analytics in the 1st quarter valued at $237,000. SBI Securities Co. Ltd. acquired a new stake in Verisk Analytics in the 4th quarter valued at $30,000. Oppenheimer & Co. Inc. acquired a new stake in Verisk Analytics in the 1st quarter valued at $202,000. Finally, Vontobel Holding Ltd. grew its position in Verisk Analytics by 21.9% in the 1st quarter. Vontobel Holding Ltd. now owns 77,807 shares of the business services provider's stock valued at $23,157,000 after purchasing an additional 13,995 shares during the period. 90.00% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Verisk Analytics
In related news, CAO David J. Grover sold 5,705 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $307.68, for a total transaction of $1,755,314.40. Following the sale, the chief accounting officer directly owned 12,937 shares of the company's stock, valued at $3,980,456.16. This trade represents a 30.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kathy Card Beckles sold 326 shares of Verisk Analytics stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $300.86, for a total value of $98,080.36. Following the completion of the sale, the insider owned 9,319 shares of the company's stock, valued at $2,803,714.34. The trade was a 3.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,825 shares of company stock valued at $8,945,180. 0.46% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms have recently commented on VRSK. UBS Group lifted their target price on Verisk Analytics from $295.00 to $320.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Robert W. Baird boosted their price objective on Verisk Analytics from $320.00 to $335.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Bank of America initiated coverage on Verisk Analytics in a research note on Thursday, April 10th. They issued an "underperform" rating and a $280.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Verisk Analytics currently has a consensus rating of "Hold" and an average price target of $302.40.
Check Out Our Latest Research Report on VRSK
Verisk Analytics Price Performance
Shares of Verisk Analytics stock opened at $302.90 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 26.13. The company has a market cap of $42.37 billion, a PE ratio of 44.35, a P/E/G ratio of 3.77 and a beta of 0.86. The business has a 50 day moving average of $309.16 and a 200 day moving average of $295.17. Verisk Analytics, Inc. has a 52 week low of $257.59 and a 52 week high of $322.92.
Verisk Analytics (NASDAQ:VRSK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.05. Verisk Analytics had a return on equity of 396.08% and a net margin of 33.13%. The business had revenue of $753.00 million during the quarter, compared to the consensus estimate of $750.31 million. During the same quarter in the prior year, the company earned $1.63 earnings per share. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.
Verisk Analytics Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.59%. Verisk Analytics's dividend payout ratio is currently 26.35%.
Verisk Analytics Company Profile
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Free Report)
Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.
See Also
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 - Free Report).
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