Diversified Trust Co reduced its position in Verisk Analytics, Inc. (NASDAQ:VRSK - Free Report) by 82.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 877 shares of the business services provider's stock after selling 4,036 shares during the quarter. Diversified Trust Co's holdings in Verisk Analytics were worth $261,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Alliancebernstein L.P. raised its stake in Verisk Analytics by 8.1% during the 4th quarter. Alliancebernstein L.P. now owns 5,210,080 shares of the business services provider's stock valued at $1,435,012,000 after acquiring an additional 392,270 shares during the last quarter. FMR LLC grew its stake in shares of Verisk Analytics by 1.6% in the 4th quarter. FMR LLC now owns 4,691,016 shares of the business services provider's stock valued at $1,292,047,000 after purchasing an additional 72,045 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Verisk Analytics by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,811,563 shares of the business services provider's stock valued at $1,051,300,000 after purchasing an additional 19,423 shares during the period. Norges Bank purchased a new stake in shares of Verisk Analytics during the fourth quarter worth approximately $526,676,000. Finally, Invesco Ltd. lifted its holdings in shares of Verisk Analytics by 9.6% during the fourth quarter. Invesco Ltd. now owns 1,654,826 shares of the business services provider's stock worth $455,789,000 after purchasing an additional 144,599 shares during the period. 90.00% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Verisk Analytics
In related news, CFO Elizabeth Mann sold 300 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $295.38, for a total value of $88,614.00. Following the sale, the chief financial officer owned 16,665 shares of the company's stock, valued at approximately $4,922,507.70. This represents a 1.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David J. Grover sold 5,705 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $307.68, for a total value of $1,755,314.40. Following the transaction, the chief accounting officer directly owned 12,937 shares of the company's stock, valued at $3,980,456.16. The trade was a 30.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,259 shares of company stock worth $7,553,769. 0.46% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities analysts have commented on VRSK shares. Bank of America initiated coverage on shares of Verisk Analytics in a research report on Thursday, April 10th. They set an "underperform" rating and a $280.00 price objective for the company. UBS Group increased 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. Finally, Robert W. Baird lifted their price target on Verisk Analytics from $320.00 to $335.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $302.40.
Read Our Latest Stock Report on Verisk Analytics
Verisk Analytics Price Performance
VRSK traded up $2.75 during trading on Friday, reaching $303.96. 963,566 shares of the stock were exchanged, compared to its average volume of 775,491. The company has a debt-to-equity ratio of 26.13, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $42.52 billion, a price-to-earnings ratio of 44.50, a P/E/G ratio of 3.73 and a beta of 0.86. Verisk Analytics, Inc. has a 1 year low of $257.59 and a 1 year high of $322.92. The business's 50 day moving average price is $307.89 and its two-hundred day moving average price is $294.23.
Verisk Analytics (NASDAQ:VRSK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.68 by $0.05. The business had revenue of $753.00 million for the quarter, compared to analyst estimates of $750.31 million. Verisk Analytics had a net margin of 33.13% and a return on equity of 396.08%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 EPS. As a group, equities research analysts anticipate that Verisk Analytics, Inc. will post 6.63 earnings per share for the current year.
Verisk Analytics Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.45 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.59%. Verisk Analytics's dividend payout ratio is presently 26.35%.
About Verisk Analytics
(
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.
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